iTeknik's Subsidiary TeleCents Communications Expects Carrier Agreement With Global Crossing to Provide $3.2 Million in Annual Revenue

Market Wire, February, 2008

iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide communication services, announced today that the company's wholesale carrier agreement with Global Crossing is estimated to be worth $3.2 million per year to its subsidiary, TeleCents Communications. Global Crossing is a leading global Internet Protocol (IP) and voice solutions provider for domestic origination, termination and international calling services. TeleCents will realize these revenues through Origination and Termination wholesale and retail service charges. iTeknik's revenue estimate is based on its experience in utilizing Global Crossing's expansive network since it secured the contract.

"Working with one of the leading providers in the communications industry gives us an excellent opportunity in establishing a nationwide footprint as well as the ability to offer an array of high quality services to our more than 140,000 active customers," said Jeffrey Lauzon, CEO and President of TeleCents Communications, Inc. "We anticipate the relationship with Global Crossing to be a profitable one for both involved and look forward to utilizing their expansive network."

About Global Crossing:

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Solutions and Global Crossing VoIP services, to 36 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Global Crossing has annual revenues estimated at $1.85 billion with a market cap of approximately $966 million. Its core network connects more than 300 cities in 29 countries worldwide, and delivers services to more than 600 cities in 60 countries and 6 continents around the globe.

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. TeleCents Communications, Inc. (TCC) and Send Global Corporation www.sendglobal.com are wholly owned subsidiaries of ITKH. Together they have been offering cutting edge retail and wholesale telecommunications products and services for more than eleven years including International and Domestic gateway services through Tier-1 carriers. Through VoIP, data, and traditional communications platforms, iTeknik provides custom calling solutions and a proprietary ANI gateway solution. Send Global provides high quality, value priced international calls from the convenience of a mobile phone. For more information please visit our website www.iteknik.com .

Safe Harbor: This letter 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 without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, 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 included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

Contact: iTeknik Holding Corporation Investor Relations David Donlin 407-475-9966 http://www.iTeknik.com

 

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