iTeknik Holding Corporation Signs Two Million Dollar Agreement to Sell the Assets of Its Send Global Subsidiary
12 12월 2012 - 3:00AM
Marketwired
iTeknik Holding Corporation (PINKSHEETS: ITKH) today announced that
it has signed an asset purchase agreement with Ceelox, Inc. of
Overland Park, Kansas (OTCBB: CELO) to sell the assets of iTeknik's
wholly owned subsidiary, Send Global Corporation. The transaction,
expected to close in six months, is estimated to be valued at $2
million in cash and Ceelox common stock. Ceelox also recently
announced that it has signed an Asset Purchase Agreement with
AllCom, a Nevada corporation that is engaged in providing
telecommunication, electronic financial services, internet and
unified communication services to customers and businesses
worldwide. According to Ceelox management, AllCom and Send Global
will combine together to establish an industry leading product
suite which integrates telecommunications, internet, and financial
services into one seamless offering.
Fredrick W. Wicks, Chairman and CEO of iTeknik Holding
Corporation, stated, "Over the past three years, we have
successfully consolidated our TeleCents and Send Global divisions.
The result has been a growth in revenue and profits which has
enhanced the value of these assets. Ceelox provided a very
favorable offer for Send Global's assets that the Board accepted.
With regards to the future of iTeknik, we will continue the
strategy of being a holding company that acquires or merges with
companies for the purpose of enhancing their value through growth
and operational improvements. The Board has been in discussions
with a business development organization to identify new
acquisitions."
iTeknik Holding Corporation (PINKSHEETS: ITKH) is classified as
"Current Information" and trades on the OTC Pink tier of the OTC
Market. For quotes and market information on the company visit
http://www.otcmarkets.com/stock/ITKH/company-info.
About iTeknik Holding Corporation iTeknik Holding Corporation
was formed to develop and launch new technology and products in the
global communications market. Through its Send Global subsidiary,
iTeknik provides wholesale and retail telecommunications services,
and products worldwide. Its services include voice over Internet
protocol origination and termination; A-Z routing and switching;
wholesale carrier routing services; reseller billing and reporting;
Web-based reseller solutions; prepaid calling card solutions;
international cellular calling; and retail point of sale solutions.
The company serves B2B carriers, telecom resellers, retail outlets
and consumers direct through websites such as www.MyMobile011.com,
www.GreatMinutes.com, www.AloBilady.com, www.IndiaMinutes.com and
www.MexicoMinutes.com. iTeknik Holding Corporation was founded in
2007 and is based in Commerce, Michigan. Through its subsidiaries,
iTeknik has more than 17 years of history in the telecommunications
industry. For more information please visit website www.iteknik.com
and www.sendglobal.com.
Safe Harbor: This document contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of
the Securities Exchange Act of 1934, as amended, which are intended
to be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty, including, but not limited to, general market
conditions, competition and pricing. Although the Company believes
that the assumptions underlying the forward-looking statements
contained in this press release are reasonable, any of the
assumptions could be inaccurate. Therefore, there can be no
assurance that the forward-looking statements included in this
press release will prove to be accurate. The inclusion of such
information should not be regarded as representation by the Company
or any other person that the objectives and plans of the Company
will be achieved. In assessing forward-looking statements readers
are urged to carefully read those statements. When used, the words
"estimate," "anticipate," "expect," "believe," and similar
expressions are intended to be forward-looking statements.
Contact: Investor Relations iTeknik Holding Corporation
888-333-1486
Iteknik (CE) (USOTC:ITKH)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Iteknik (CE) (USOTC:ITKH)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024