$ITKH News! iTeknik Holding Corporation's Subsidiary Big Rhino Achieves Month-over-Month Revenue growth of 34% and 20% in First Three Mon...
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Iteknik Holding Corporation (PC) (USOTC:ITKH)
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Today : Tuesday 21 March 2017
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WEST PALM BEACH, FL-(Marketwired - Mar 21, 2017) - iTeknik Holding Corporation (OTC PINK: ITKH) announced today its Big Rhino subsidiary has experienced significant month-over-month revenue growth since the start-up of the full-service advertising and digital media agency on January 1, 2017. Big Rhino's revenues have increased from $131,000 in January, its initial month of operation, to $176,000 in February, a 34% increase. Big Rhino projects revenues to come in at about $210,000 for March, which would be a nearly a 20% increase. These increases represent cumulative monthly billings for retained existing clients plus new clients being added each month.
The Company's 3Q FY 2017 filings are due May 14th for the period ending March 31, 2017. However the Company decided to release some interim financial information in order to update the public on its new subsidiary operation.
Fred Wicks, the Company's Chairman and CEO said, "Our results so far represent a lot of hard work by our dedicated staff at Big Rhino. It is amazing what they have been able to accomplish since the January 1st startup. Big Rhino's ability to add new customers to its reoccurring customer revenues is an ideal growth model."
Kyle Eng, President of Big Rhino stated, "We have been able to secure some very large desirable accounts because of our fast product turnaround, great services and innovative creative marketing ideas. I am very proud of how our new company has come together in such a short time. Our staff is incredible."
Big Rhino is now working on completing a product that many car dealers will have access to and will allow Big Rhino to attract more automotive clients for small recurring monthly retainers that can grow into much larger accounts while providing instant value to its clients. Look for a launch of this new product by May1, 2017.
