iTeknik Holding Corporation's Sale of its Send Global Subsidiary's
Assets is Delayed
COMMERCE, Mich., July 23, 2013 /PRNewswire/ -- iTeknik Holding
Corporation (Other OTC:ITKH), announced today that the scheduled
closing of the agreement with Ceelox, Inc. of Overland Park, Kansas (OTCBB Symbol:CELO) to
sell the assets of iTeknik's wholly owned subsidiary, Send Global
Corporation, has been delayed. The original closing date for
the transaction had been April 25,
2013. On April 24, 2013 the
Parties agreed to reschedule the closing date until May 25, 2013. Ceelox, Inc. did not complete
the Buyer's requirements of the Asset Purchase Agreement by the
rescheduled date. No new closing date has been established.
Fredrick W. Wicks, Chairman and CEO
of iTeknik Holding Corporation, stated, "We have been in constant
discussions with Ceelox management since the extended closing date
passed. As soon as we are informed by Ceelox management when
they will complete the terms of the agreement we will provide
further information."
iTeknik Holding Corporation (OTC Pink: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.
SOURCE iTeknik Holding Corporation