IT Group Holdings (fka ITGL)

[TechKim]

IT Group Holdings, Inc. Invites You to Join Its Investor Update Conference Call on Monday, October 29, 2007, 10:00 a.m. Eastern
Thursday October 25, 2:45 pm ET


LONDON, Oct. 25, 2007 (PRIME NEWSWIRE) -- IT Group Holdings, Inc. (OTC BB:ITGL.OB - News) announced today that Fred Verkroost, Chairman of IT Group Holdings with his Executive Team will host a conference call on Monday, October 29, 2007 beginning at 10:00 a.m. EDT (7:00 a.m. PDT) to provide an investor update. The call will be open to any interested persons and may contain forward-looking information.

What: IT Group Holdings, Inc. Investor Update Conference Call

When: Monday, October 29, 2007 at 10:00 a.m. ET, 7:00 a.m. PT

How: Domestic Dial: 1.866.225.8729
International Dial: 1.480.629.9564
Conference ID: 3799671
Participants are asked to call the assigned number
approximately 10 minutes before the conference call
begins.

To access the live webcast please visit: http://viavid.net/dce.aspx?sid=0000479F


The webcast will be archived after the call and will be available at the original webcast link for thirty days thereafter.

A replay of the conference call will be available two hours after the call and for five business days thereafter (November 5, 2007) by dialing domestically: 800-406-7325 or internationally: 303-590-3030 and entering the following pass code: 3799671.

About IT Group Holdings, Inc.

IT Group Holdings, Inc. trades through its wholly owned UK subsidiary Internet Telecommunications Plc (IT). IT is a provider of telecommunications services in the UK. IT Group Holdings is now established as a carrier-operator supplying resellers (in the UK: service providers) with wholesale access to competitively priced telecommunications lines and high-quality telephone call services including voice, data, value-added services and carrier services such as Voice-over-Internet Protocol (VoIP). IT also offers residential and business subscribers retail access to selected telecommunications services.

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.



Contact:
IT Group Holdings Inc.
c/o Internet Telecommunications Plc
[e-mail]

Investor Relations:
RedChip Companies, Inc.
Robert Rehse
1-800-REDCHIP (733-2447) - ext 111
www.redchip.com


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Source: IT Group Holdings Inc.


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