Iteknik Holding Corp (OTCMKTS:ITKH) shares were up 17.97% to $0.00354 on Tuesday and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $589K at 214.83 million shares outstanding.
In a press release, Iteknik Holding Corp announced that 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. It raked in revenues of $131,000 in January to $176,000 in February, which is a 34% increase, and is projecting revenues of $210,000 in March, which would mark a 20% gain.
“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,” said Iteknik Holding Corp Chairman and CEO Fred Wicks.
“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,” added Kyle Eng, President of Big Rhino.
The company is currently working on completing a product that many car dealers will have access to and will allow them to attract more automotive clients for small recurring monthly retainers. These can then grow into much larger accounts and provide value to clients. Last month, Iteknik Holding Corp launched a new website for Big Rhino so that clients, prospective clients and shareholders can get more information about Big Rhino’s products and services.
“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,” remarked Wicks.
“Being part of iTeknik has really provided us with the resources to start building an exciting operating company. We have already signed twenty-four clients to use our services and we have several more prospects we are pursuing,” said Eng.
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. The company provides marketing representative services to companies in the telecommunications and chemical industries that service business-to-business customers and consumers, respectively. Its subsidiary is Send Global Corporation.