Business News • MarketWire • iTeknik Holding Corporation Reduces Outstanding Debt and Terminates Rights to Convert Notes into 255 million Common Shares

iTeknik Holding Corporation Reduces Outstanding Debt and Terminates Rights to Convert Notes into 255 million Common Shares

iTeknik Holding Corporation Reduces Outstanding Debt and Terminates Rights to Convert Notes into 255 million Common Shares

WEST PALM BEACH, FL--(Marketwired - Feb 6, 2017) - iTeknik Holding Corporation (OTC PINK: ITKH) announced today that it had strengthened its Balance Sheet by negotiating settlement agreements with a supplier and two Note Holders. The company settled three debts which consisted of two third party notes and a large trade debt. In all these debts amounted to $252,470. These debts were settled with payments by the Company of $60,490. This resulted in savings to the Company of $197,480. The Company's quarterly filing for the period ending March 31, 2017 will reflect these will reflect these transactions.

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