itm is still is business, but they no longer make the one and only model in their line.
while i suspect you have stumbled across a parts kit rifle that is built up on an itm/oow receiver, you may have found one of itm's first projects...a custom built ak clone from about 1998/1999.
i remember seeing those at the ogca show.
it was supposed to sell for...over $1000!!!!!
it was to feature a drop in/removable trigger pack, ala the dragunov svd. the receiver was custom and some of the ak parts appeared to be from mak-90 kits.
it was a truely unique design. somewhere around this mess, i have a pamphlet on it.
afaik, only a handful were made. i don't know why they didn't sell....perhaps the high asking price and really odd features?
if you have found one, you may have stumbled across the ultimate ak collectible.