iTeknik Holding Corporation (OTC Pink: ITKH) said it has entered into a letter of intent to acquire privately held NSync Services, Inc. of Grand Prairie, TX for a cash and stock consideration.
The transaction is non-binding and subject to successful due diligence, definitive agreements and iTeknik securing new investment on or before the closing of the intended transaction.
Established in 1998, NSI is a Texas based company, specializing in the distribution and implementation of state-of-the-art, data networking and telecommunications technology to both corporate and government customers nationwide. Key products and services delivered by NSI are the design, implementation, and maintenance of Local and Wide Area Networks (LAN/WAN), mobile computing/wireless LANs, Distributed Antenna Systems (DAS), video teleconferencing and phone systems supply and integration.
iTeknik was founded in 2007. Its strategy is to grow through acquisition and merger, to acquire successful mature companies as well as incubate new start-up ventures.