iTokk Inc. Signs Letter of Intent (LOI) With Pantum International B.V., of The Netherlands

  iTokk Inc. (OTCBB: IKTO) iTokk Inc. announced today from its offices in London, England, that it signed a Letter of Intent (LOI) for a strategic distribution partnership with Pantum International B.V. of The Netherlands. Pantum International is a global provider of new surplus and de-installed telecom voice and data network equipment to wireless network operators, wireline carriers, and Internet Service Providers around the world.

The company is headed by Mr. Hans Op de Laak who has Over 20 years of international working experience within the fields of telecom, CE, and satellite DTH business.

According to the Agreement, Pantum International will begin by creating custom co-branded solutions built with the iTokk Platform and will become a reseller of iTokk products within the Dutch market. Pantum will utilize their existing distribution network and diversify their current product range with this exciting new venture. "This is just another vertical application for iTokk's Npoints Platform" said Mr. Carmelo D'Anzi, VP of Business Development for iTokk Inc. "With every new partnership we illustrate the application flexibility of our telephony software products".

The two organizations are negotiating the final terms and conditions of a reseller arrangement that would give Pantum access to iTokk's IP services platform in exchange for yet to be disclosed terms of revenue share and local pricing models. This Letter of Intent (LOI) will be superseded and replaced, as soon as practicable, by a formal reseller agreement with standard terms that are consistent with the principal terms provided herein.

About iTokk

iTokk, Inc., the world's most innovative communications company, offers flexible, next-generation telephony solutions for consumers and businesses. iTokk's flagship product Npoints-Framework and developers platform make it simpler, cheaper and faster to build communications functionality into applications, enabling carriers and networks to introduce new revenue-generating voice services in days, rather than months. By combining the iTokk platform and innovative products with carriers across the globe, iTokk has the potential to deliver the industries most explosive growth of innovation and in IP telephony. The worlds newest leading global IP telephony company is headquartered in Sunnyvale, California with offices in Canada, UK and India.

About Pantum International B.V.

Pantum International B.V. is a global provider of telecommunications asset management services, based in the Netherlands. We mainly specialize in wireless equipment of Siemens, Nokia, Ericsson, and Motorola, and many others. Pantum International works with various leading wireless network operators, managing their excess network equipment inventory, and also offer new surplus and de-installed equipment at a fraction of the initial OEM prices. By working with Pantum International, operators can make fast, multi-vendor equipment purchase decisions from a single cost-effective source and for the best value.

ADDITIONAL INFORMATION about iTokk, Inc. can be viewed on the Company's Web site: www.itokk.com. Capitalization and filings can be viewed at: http://www.otcbb.com.

SAFE HARBOR

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by iTokk, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of iTokk, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. SOURCE iTokk, Inc.

Contacts: iTokk Inc. - For business development information in Europe Mr. Carmelo D'Anzi VP of Business Development 44-790-088-7405 [e-mail] www.itokk.com