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

WEST PALM BEACH, FL — (Marketwired) — 02/06/17 — 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

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