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iTeknik Holding Corporation Posts Q1 FY 2014 Sales of more than $2.4 Million; Operating Income Exceeds $45,000
iTeknik Holding Corporation Posts Q1 FY 2014 Sales of more than $2.4 Million; Operating Income Exceeds $45,000.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"\n\n\n\niTeknik Holding Corporation Posts Q1 FY 2014 Sales of more than $2.4 Million; Operating Income Exceeds $45,000\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 Q1 FY 2014 Sales of more than $2.4 Million; Operating Income Exceeds $45,000\nPR Newswire\nCOMMERCE, Mich., Nov. 21, 2013\n\n\n\nCOMMERCE, Mich., Nov. 21, 2013 /PRNewswire/ -- iTeknik Holding Corporation (Other OTC:ITKH), a leader in the telecommunications industry through its Send Global subsidiary, today posted its First Quarter FY 2014 financial results.  Sales for the first three months of fiscal year 2014, ending September 30, 2013, were $2,407,322 compared to $3,014,262 for the same period in FY 2013.  Operating Income for the first three months of FY 2014 was $45,582 compared to $12,175 during the first three months of FY 2013.  \n\nFredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, \"We are pleased with our start on FY 2014, especially in terms of increasing our operating income. We accomplished a significant positive turnaround from the fourth quarter of FY 2013 results.  These results indicate that we are recovering from the effects of waiting for the purchase Send Global assets to be completed. The transaction was first scheduled to close in April 2013 but is still pending. This delay made FY 2013 difficult for us. However our first quarter results are a big step forward.\"\n\nThe complete FY 2014 First Quarter Report and Continuing Disclosure Update can be viewed at:\n\nhttp://www.otcmarkets.com/stock/ITKH/financials \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\nAbout iTeknik Holding CorporationiTeknik 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 telec...