Iteknik Holding Corp (OTCMKTS:ITKH) shares rose 17.97% to $0.00354 and were unchanged in after-hours trading on Tuesday. The company has a market cap of $598K at 214.83 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.
Iteknik Holding Corp is engaged in providing wholesale and retail telecommunications services and products. It is focused on acquiring companies in the telecommunications and digital marketing industries. It also provides marketing representative services to companies in the telecommunications and chemical industries that service business-to-business customers and consumers, respectively. The company’s subsidiary is Send Global Corporation.
In a press release, Iteknik Holding Corp 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. The company’s revenues have increased from $131,000 in January to $176,000 in February, representing a 34% gain. Big Rhino also projects its revenues to come in at $210,000 in March, which would mark roughly a 20% increase.
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,” remarked Iteknik Holding Corp CEO Fred Wicks.
Iteknik Holding Corp is set to release its 3Q FY 2017 on May 14, covering the period ending on March 31, 2017. For now, the company is releasing interim financial information in order to update the public on its new subsidiary operation.
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,” said Kyle Eng, President of Big Rhino.
Big Rhino is currently working on completing a product that many car dealers will have access to and will allow it to attract more automotive clients for small recurring monthly retainers that can grow into much larger accounts. It is a full service advertising and digital media agency that focuses on fast, precise and creating marketing solutions and is a wholly-owned subsidiary of Iteknik Holding Corp. It is looking to launch a new product by May, which could bring more revenue for the subsidiary and company. Back in February, the company launched a new website for Big Rhino Corporation.
We encourage our investors and shareholders to go to Big Rhino’s website to see its exciting Product offerings. Big Rhino uses some of the latest digital technology and produces very high quality videos. The web-site showcases some of the creative products that have been developed for our clients,” noted Wicks.
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