Business
iTeknik Holding Corporation Posts FY 2013 Sales of More than $11.4 million
iTeknik Holding Corporation Posts FY 2013 Sales of More than $11.4 million.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"\n\n\n\n\n\n\n\niTeknik Holding Corporation Posts FY 2013 Sales of More than $11.4 million\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\niTeknik Holding Corporation Posts FY 2013 Sales of More than $11.4 million\n\nPR Newswire\n\nCOMMERCE, Mich., Sept. 30, 2013\n\n\n\n\n\n\n\nCOMMERCE, Mich., Sept. 30, 2013 /PRNewswire/ -- iTeknik Holding Corporation (Other OTC: ITKH), a leader in the telecommunications industry through its Send Global subsidiary, today posted its unaudited Annual Report for FY 2013. Sales for Fiscal Year 2013 ending June 30, 2013 were $11,422,470. Net Income was $111,847. Other results included:\n\n\n\n\nTotal liabilities decreased 16.0% \n\nLong-term Debt decreased 36.8% \n\nStockholders' equity increased 24% \n\nOutstanding common shares were reduced from 477,614,987 to 277,614,987 \n\nOutstanding Preferred A shares (convertible to common stock at 1 for 100) were reduced from 3,441,550 to 1,229,000 \n\n\n\nFredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, \"There were a lot of positives for us this year despite heavy competition in the markets we serve. We were profitable for the third year in row. We continued to make significant improvements in our financials in terms of total liabilities, long-term debt and stockholder's equity. We also improved our capital structure by retiring shares.\" \n\n\nThe complete FY 2013 Financial Report and Continuing Disclosure Update can be viewed at:\n\n\n\nhttp://www.otcmarkets.com/stock/ITKH/financials \n\n\n\niTeknik 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.\n\n\n\nAbout iTeknik Holding Corporation\niTeknik Holding Corporation was formed to acquire start-up and growth companies involved in the development of new technology and products. iTeknik's Send Global subsidiary provides wholesale and retail telecommunications services, and...