iTeknik Holding Corporation (ITKH)

[Millenium323]

ITKH had a 142% increase in wireless pin sales. $7.5 million in wireless pin sales alone over the last 12 months up from $3.1 million. ITKH provides wireless PINs for all the major domestic carriers such as AT&T, T-Mobile and Virgin and international carriers such as China Mobile, Digicel, and telcel. So this is a major growth engine for the company.

Overall revenues for ITKH were in excess of $6 million over the last 6 months alone. So they are tracking at over $12 million in annual revenues.

The market cap is derived from the number of shares outstanding and not from the float. So the float is inconsequential to me. What is of importance is the fact that they are growing revenues (via expansion in wireless pin sales), expanding revenue streams (with the new websites they have just launched), and their market cap is only around $2 million which is very low for a company tracking towards $12 million in trailing twelve month revenues.

SO ITKH is severly undervalued at this level and should go on a nice run shortly.