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| | Business Summary: Itokk, Inc. offers telephony solutions for consumers and businesses. It has acquired a license to use, sell, market, distribute and/or sublicense various products and services, including the Npoints Framework, an application programming interface, and certain VOIP applications. | | | Address
440 North Wolfe Road
Sunnyvale
, CA 94085
Phone: 408-419-1719
Website: http://www.itokk.com
| | Auditor |
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Michael T. Studer
, New York | | Transfer Agent |
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Island Stock Transfer
| Employees: 4
ShareHolders: 17 | Founded: 2003
Domicile: Nevada | | | |
| | Itokk, Inc., in the development stage as of Sept. 30, 2009, offers telephony solutions for consumers and businesses. On Oct. 28, 2009, Itokk completed the acquisition of a license to use, sell, market, distribute and/or sublicense various products and services owned by Packetera Communications Inc. These products consist of the Npoints Framework, an application programming interface; and click-to-talk and mobile voice-over-Internet protocol (VOIP) applications under the trade names itokk.com, itokk.mobi and Itokk wireless.
The company also acquired the licensing rights to various products that Packetera is developing, including Softphone products under the trade name itokksoft.com, which will allow users to make voice and video calls over the Internet; virtual calling card products; and social VOIP for web communities.
The Npoints Framework is an application programming interface (API) that allows a customer to utilize VOIP for voice and video communications. Resellers can install the Npoints Framework in order to provide their customers with access to VOIP technology and related Itokk products, namely click-to-talk and Itokk wireless applications.
In order to add value to the Npoints Framework, Itokk has developed additional products that customers using their platform can utilize: click-to-talk and Itokk wireless. Click-to-talk allows owners to install a button on their websites for communications with customers. When someone accesses a business website and wants to speak directly with a representative of the company, he or she clicks on a button on the webpage and Itokk connects the customer to the business by VOIP.
Itokk wireless allows cellular phone users to make outgoing calls without incurring charges from their cellular phone service provider. In order to use the feature, a mobile phone caller dials the number of the intended call recipient using Itokk software. Itokk then contacts the caller's cellular phone and connects the caller with the recipient through its VOIP network. As a result, all outgoing calls are received as incoming, which typically avoids any charges on most cellular phone plans. Itokk offers pay-as-you-go and minute purchase plans for its wireless VOIP product with prices that vary depending on expected use.
Packetera's products in development include the Softphone suite, virtual calling call products and social VOIP. Pursuant to the company's licensing agreement with Packetera, Itokk's license will extend to all future telecommunications products and services that Packetera develops. | | History: INCORPORATED in Nevada Sept. 19, 2003, as Shadow Marketing Inc.; name changed to Itokk, Inc. Oct. 5, 2009. | | | | Subsidiaries: |
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Itokk Communications, Inc.
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Management
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| Officers | Position |
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| Kevin Penstock | Secretary, Treasurer & Chief Executive Officer | | Angelo Soukas | President | | Angelo Soukas | Investor Relations Contact |
| | Directors |
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| Ioannis Karamitsos | | Kevin Penstock | | | |
| | | | Capitalization as of 09/30/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 1,000,000 | None | | Common $0.001 par | 200,000,000 | 59,882,500 |
| | | | LONG TERM DEBT: None.
NOTE: The above Capitalization reflects an 8.5-for-1 split of the Common stock, the acquisition of a license, and the cancellation of certain Common shares, all on Oct. 28, 2009. | | | | Common $0.001 par | | | |
Stockholders:
09/09/2009,
17.
| | PRINCIPAL STOCKHOLDERS: October 28, 2009, Kevin Penstock owned 51.1% of the Common. | | | |
Transfer Agent: Island Stock Transfer
St. Petersburg
, FL | | | | OTC Bulletin Board( Primary): IKTO | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.6200 | 0.2000 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 8.5-for-1, Oct. 28, 2009.
Common $0.001 par was split 17-for-2, ex-Oct. 28, 2009. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| General & Admin. exps. | 14 | 21 | | Net income | (14) | (21) | | Share earns. basic | Nil | Nil | | Share earns. diluted | Nil | Nil | | Avge. com. shs. (Thou.) | 7,445 | 7,445 |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| Assets: |
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| | Cash & equiv. | Nil | 1 | | Tot. curr assets | Nil | 1 | | Total assets | Nil | 1 | | Liabilities: |
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| | Accts. pay. & accruals | 13 | 13 | | Due to related party | 43 | 30 | | Tot. curr. liabs. | 56 | 43 | | Com. stk. | 7 | 7 | | Paid-in cap. | 17 | 17 | | Retained earns. | (80) | (67) | | Total liabs. and equity | Nil | 1 | | Common Shares | 7,445 | 7,445 |
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* On September 14, 2009, the Company entered into a licensing agreement with Packetera Communications Inc. whereby the Company agreed to issue 30,600,000 post forward-split shares of their common stock in exchange for Packetera granting to the Company an exclusive worldwide 75 year license to use, sell, market, distribute and sublicense various products and services owned by Packetera. The acquisition was effective on October 28, 2009 and the results of the transaction have been presented in the pro forma balance sheet. | | | |
| | Interim Report
07/01/2009 - 09/30/2009 |
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| | | Income Statement | |
| 2009 |
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| General & Admin. exps. | 12 | | Net income | (12) | | Share earns. basic | Nil | | Share earns. diluted | Nil | | Avge. com. shs. (Thou.) | 7,445 |
| | | | Balance Sheet | |
| 2009 |
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| Assets: |
| | Cash & equiv. | 3 | | Tot. curr assets | 3 | | Total assets | 3 | | Liabilities: |
| | Accts. pay. & accruals | 7 | | Due to related party | 64 | | Tot. curr. liabs. | 71 | | Com. stk. | 7 | | Paid-in cap. | 17 | | Retained earns. | (92) | | Total liabs. and equity | 3 | | Common Shares | 7,445 |
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* On September 14, 2009, the Company entered into a licensing agreement with Packetera Communications Inc. whereby the Company agreed to issue 30,600,000 post forward-split shares of their common stock in exchange for Packetera granting to the Company an exclusive worldwide 75 year license to use, sell, market, distribute and sublicense various products and services owned by Packetera. The acquisition was effective on October 28, 2009 and the results of the transaction have been presented in the pro forma balance sheet. | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil |
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