iTeknik Holding Corporation Starts New Growth Strategy with LOI to Acquire NSync Services, Inc., a Leading Systems Integrator in Texas

COMMERCE, Mich., Sept. 21, 2015 /PRNewswire/ -- iTeknik Holding Corporation (OTC Pink:ITKH), announced today that it has entered into a Letter of Intent to acquire privately held NSync Services, Inc. ("NSI") of Grand Prairie, TX for a cash and stock consideration. The transaction is non-binding and subject to successful due diligence, definitive agreements and iTeknik securing new investment on or before the closing of the intended transaction.

Established in 1998, NSI is a Texas based company, specializing in the distribution and implementation of state-of-the-art, data networking and telecommunications technology to both corporate and government customers nationwide. Key products and services delivered by NSI are the design, implementation, and maintenance of Local and Wide Area Networks (LAN/WAN), mobile computing/wireless LANs, Distributed Antenna Systems (DAS), video teleconferencing and phone systems supply and integration. NSI is projecting approximately $7 million in Revenues for FY 2015.

Greg Wright, President of NSync Services, Inc., commented, "Prospects for growing our business are excellent.  We were looking for a partner to help us get our business to the next level. We are excited to become part of iTeknik and work with its management team."

Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "This is very exciting time for iTeknik as we see the first acquisition under our new growth strategy. NSI is operationally profitable with a brand that is well-known and respected in its industry. Its personnel are extremely knowledgeable in their area of expertise with a combined experience of over 60 years. Customers include sections of the U.S. Navy and the State of Texas DIR. We expect that NSI will bring profitable revenues to ITKH and operations in a new market. We look forward to working with Greg and his team to help grow NSI in the years ahead."

iTeknik 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.

About iTeknik Holding Corporation
iTeknik was founded in 2007.  iTeknik's strategy is to grow through acquisition and merger.  iTeknik seeks to acquire successful mature companies as well as incubate new start-up ventures.  Through its Send Global subsidiary, iTeknik provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; and wholesale carrier routing services; Web-based reseller solutions; prepaid calling solutions; international cellular calling; and retail point of sale solutions. The company serves B2B carriers, telecom resellers, retail outlets and consumers through websites such as www.idirectdial.com, www.GreatMinutes.com, www.AloBilady.com, www.IndiaMinutes.com and www.MexicoMinutes.com. For more information visit website www.iteknik.com and www.sendglobal.com.
Safe Harbor: This document 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 created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

SOURCE iTeknik Holding Corporation

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