iTokk, Inc. (OTCPK:IKTO) signed a letter of intent to acquire Water Street Profile Services Inc. from Kevin Penstock and others for $4 million on December 18, 2018. As of July 12, 2019, - iTokk, Inc. (OTC PINK: IKTO) extended six months of extension of its previously executed Letter of Intent with Water Street Profile Services Inc. by mutual written agreement. The transaction is subject to all applicable regulatory approvals (including approvals of the BCSC, US SEC or any other regulatory body having jurisdiction), third-party consents, completion of due diligence, board of directors and shareholders of Water Street Profile Services and iTokk approving the transaction, execution of the definitive agreement, execution of all ancillary agreements, and iTokk applying for and receiving a full revocation of the Cease Trade Order of the British Columbia Securities Commission issued on October 8, 2010 under section 164(1) of the Securities Act, R.S.B.C. 1996, c. 418 (the “Act”) that all trading in the securities of iTokk cease until it files the required records referred to in the Cease Trade Order. iTokk, Inc. (OTCPK:IKTO) cancelled the acquisition of Water Street Profile Services Inc. from Kevin Penstock and others on December 18, 2019.