iTeknik Holding Corporation (OTCPK:ITKH) is seeking acquisitions. The Board has authorized to seek up to $5 million in capital in order to provide acquisition capital to accelerate iTeknik's merger and acquisition strategy. Fredrick W. Wicks, Chairman and Chief Executive Officer of iTeknik, stated, "The Board has decided to renew our strategy as a holding company.

We are in discussions with a number of companies to implement a strategy of growth through merger or acquisition.