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iTeknik Holding Corporation Reports Sales of $2,897,117 Million for Q3 FY 2013 and $8,733,842 for the first 9 Months of FY 2013
iTeknik Holding Corporation Reports Sales of $2,897,117 Million for Q3 FY 2013 and $8,733,842 for the first 9 Months of FY 2013.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"\n\n\n\n\n\n\n\niTeknik Holding Corporation Reports Sales of $2,897,117 Million for Q3 FY 2013 and $8,733,842 for the first 9 Months of FY 2013\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 Reports Sales of $2,897,117 Million for Q3 FY 2013 and $8,733,842 for the first 9 Months of FY 2013\n\nPR Newswire\n\nCOMMERCE, Mich., May 17, 2013\n\n\n\n\n\n\n\n \n\n\n \n \n\n\nCOMMERCE, Mich., May 17, 2013 /PRNewswire/ -- iTeknik Holding Corporation (Other OTC:ITKH), today posted its third quarter and nine month financial results for FY 2013. Sales for the third quarter of FY 2013 were $2,897,117. The company posted a loss of ($37, 843) for the period. Sales for the 9 month period ending March 31, 2013 were $8,733,842 compared to $9,333,109 in the prior year. There was a net loss of ($47,603), for the nine-month period compared to a profit of $142,256 during the first nine months of FY 2012. \n\n\n\nFredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, \"The third quarter was very difficult. Our financial results were directly related to the TV marketing efforts of large competitors and their dramatic price reductions for international calls. In addition, the growth of free international calling on the internet has affected our bottom line. Our operations team is working very hard to improve performance by diversifying into new products such as SIM cards and cutting expenses wherever possible.\"\n\n\nThe complete FY 2013 3Q Report and Continuing Disclosure Update can be viewed at: http://www.otcmarkets.com/stock/ITKH/financials. iTeknik Holding Corporation is classified as \"Current Information\" and trades on the Pink tier of the OTC Market. For market information on the company, visit http://www.otcmarkets.com/stock/ITKH/company-info.\n\n\n\nAbout iTeknik Holding Corporation iTeknik Holding Corporation was formed to develop and launch new technology and products. Through its Send Global subsidiary, iTeknik provides wholesale and retail tel...