Business
iTeknik Holding Corporation Subsidiary to Reduce Costs by Routing Calls to Asia through Jaina Systems Network Group
iTeknik Holding Corporation Subsidiary to Reduce Costs by Routing Calls to Asia through Jaina Systems Network Group.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"COMMERCE, MI- June 15, 2010 (MARKET WIRE)-iTeknik Holding Corporation (Other OTC:ITKH), a leader in the telecommunications industry, today announced that the Company’s Send Global subsidiary has entered into an interconnection agreement with Jaina Systems Network Group, an international telecom services provider with headquarters in New York and a presence in India, Singapore and the UK. Jaina Systems is one of the major Asian wholesale service providers maintaining interconnections to over 110 carriers in more than 45 countries and territories. “Jaina Systems is noted for providing cost effective, high quality service to Asia,” said Jeffrey Lauzon, President of iTeknik Holding Corporation. “We expect this agreement to improve the quality and significantly decrease our costs for international call termination to Asia. This is another step in our continued effort to improve profitability.” Recently, iTeknik Holding Corporation reported improved revenue, gross margin and net income in its financials for the nine months of FY 2010. These financials can be viewed at: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=32453About iTeknik Holding Corporation iTeknik Holding Corporation provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions. The company serves B2B carriers, telecom resellers, retail outlets and consumers direct through websites such as www.greatminutes.com and www.indiaminutes.com. iTeknik Holding Corporation was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 13 years of history in the telecommunications industry. For more information please visit website www.iteknik.com and www.sendglobal.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 cr...