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ITKH iTeknik Holding Corporation Posts a 1Q FY 2015 Profit with Sales of more than $2 Million

PR Newswire

COMMERCE, Mich., Nov. 18, 2014

COMMERCE, Mich., Nov. 18, 2014 /PRNewswire/ -- iTeknik Holding Corporation (Other OTC:ITKH), a leader in the telecommunications industry through its Send Global subsidiary, has posted its first quarter, FY 2015 financial results. Sales for the first three months of fiscal year 2015, ending September 30, 2014, were $ 2,094,705. Gross profit was $257,625 with net income of $19,774.

Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "We are pleased that we returned to profitability this quarter. We continue to progress in a project that will allow Send Global to offer several new products for consumers. We expect to complete the launch of these products during the third quarter of our fiscal year. In addition to providing new products, this project will result in major technical improvements that will reduce our costs and improve our quality. In addition to these operational improvements, we are continuing discussions with third parties to evaluate potential mergers and acquisitions."

http://www.otcmarkets.com/stock/ITKH/news/iTeknik-Holding-Corporation-Posts-a-1Q-FY-2015--Profit-with-Sales-of-more-than--2-Million?id=91950&b=y