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iTeknik Holding Corporation Posts Profit in 3Q FY 2015 Financial Report; Secures Funding to Start New Expansion Program
iTeknik Holding Corporation Posts Profit in 3Q FY 2015 Financial Report; Secures Funding to Start New Expansion Program.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"\n\n\n\niTeknik Holding Corporation Posts Profit in 3Q FY 2015 Financial Report; Secures Funding to Start New Expansion Program\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\niTeknik Holding Corporation Posts Profit in 3Q FY 2015 Financial Report; Secures Funding to Start New Expansion Program\nPR Newswire\nCOMMERCE, Mich., May 19, 2015\n\n\n\nCOMMERCE, Mich., May 19, 2015 /PRNewswire/ -- iTeknik Holding Corporation (Other OTC:ITKH), a leader in the telecommunications industry through its Send Global subsidiary, today reported 3Q FY 2015 financials.\n\n\nSales for the nine months ending March 31, 2015 were $5,347,402 \nNet Income for the period was $36,872\nThe Company also reported that it had obtained funding from Merchant's Cash and Capital of New York to pursue its newly defined expansion program. The program includes:\n\n\nThe design and development of new marketing materials to use with independent retail store locations \nNew products and web-site updates to gain additional retail and consumer business \nAddition of sales management executives in various cities to drive the expansion of the sales in regions such as California, New York and Texas \nExpansion of Send Global's  independent network of sales agents\nFredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, \"The Board has redefined iTeknik's strategy.  We are no longer looking to divest Send Global at this time.  Instead we are investing capital in Send Global in order to create major competitive advantages in the retail and consumer market segments.  We are in the process of developing and launching new products for use on smart phones.  We believe that adding some experienced telecom executives will help us build our independent sales network.  The additional sales agents will be \"feet-in-the street\" we need to gain new wireless stores and increase our sales in current stores.  This is just a start of some major changes we are planning.\"\n\niTeknik Holding Corporation (OTC Pink:ITKH) is classified as \"Current Information\" and t...