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

iTokk, Inc.
440 North Wolfe Road
Sunnyvale, CA 94085
Telephone: 408-419-1719

News Release: February 2, 2010

Trading Symbol: IKTO:OTCBB

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

Sunnyvale, Calif., - Feb 02, 2010 - 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 This Letter of Intent (LOI) will be superseded and replaced, as soon as practicable, by a formal reseller agreement with standard terms that are consistent with the principal terms provided herein.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., is the evolution of IP telecom, the next-generation of telephony solutions for consumers and businesses. iTokk's flagship product the Npoints-Platform makes it simpler, cheaper and faster for businesses to build unique communications functionality into applications. The platform enables ISP providers, carriers and networks to introduce new, revenue-generating voice services in days. 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. When you see the "powered by iTokk" symbol you know that the Npoints-Platform has inspired further innovation. It is adaptable, flexible and as clever as you are.

ADDITIONAL INFORMATION about iTokk, Inc. can be viewed on the Company's Web site: www.itokk.com.

Capitalization and filings can be viewed at: www. 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.

Contact Information:

Kevin Penstock, CEO
Email: ir@itokk.com

Mr. John Karamitsos,
VP Research and Development and Director For business development information in Europe
Tel: 011-30-693-664-0593
Email: jkaramitsos@itokk.com

WebSite: http://www.itokk.com