iTeknik Holding Corporation Expands Market Potential with the Acquisition of a Second Advertising Agency, Blender Company
MarketwiredAugust 29, 2017
WEST PALM BEACH, FL--(Marketwired - Aug 29, 2017) - iTeknik Holding Corporation ( OTC PINK : ITKH ) announced today that it has completed the acquisition of The Blender Company LLC ("Blender" , an Arizona based multi-cultural focused advertising and digital media firm with long standing clients in state and local government agencies. The acquisition is a purchase of 100% of the membership interests of Blender.
Fred Wicks, Chairman and CEO of iTeknik commented, "This acquisition allows us to utilize Blender's minority business enterprise ("MBE" experience. In addition, Blender holds government contracts that will enable us to expand business within state and local government agencies in Arizona. This is the second acquisition we have completed since focusing in this the marketing, advertising and digital marketing space. We will continue to look for additional acquisition opportunities as we continue our expansion plans."
David Sandoval, Managing Member of Blender said "What attracted us to iTeknik is the close working relationship that we have previously enjoyed with Kyle Eng, President of Big Rhino agency and his exceptional team. Big Rhino's expertise in digital and social media marketing will be very valuable to our combined efforts going forward, and allow us to take on bigger projects." Sandoval continued, "Fred and the whole iTeknik team are building an exciting company. I believe that the resources iTeknik can provide will help us to gain additional clients, not only within state and local governments, but in other areas such as health and wellness."
Sandoval, 50, a native Phoenician sits on the governing boards of the Peoria Unified School District, Phoenix Union Foundation for Education, Peoria Chamber of Commerce and Peoria Historical Society. In addition, Sandoval is the chairman of the board of trustees for Maryvale Hospital, part of the Abrazo Health Network (and owned by Tenent Healthcare Corporation). Sandoval will continue in his leadership role with Blender.
iTeknik Holding Corporation ( OTC PINK : ITKH ) trades on the OTC Pink tier of the OTC Market For quotes and market information on the company, visit otcmarkets.com.