CALGARY, April 16 /CNW/ - TransAKT Ltd. (OTCBB: TAKDF, "TransAKT"), a
global Voice over Internet Protocol ("VoIP") hardware and network provider for
commercial and residential users, is pleased to announce that the Company has
entered into merger discussions with the exclusive Sanyo distributor for
telecommunication products in China. Sanyo is a well known brand name for its
telecommunication products worldwide, and is widely accepted by Chinese
customers. Management is optimistic that this merger will enhance the market
position of TransAKT's new operations in China.
This Sanyo distributor has built up a profitable sales channel in China
with annual revenues of approximately US$15 million. TransAKT and the
distributor in China are both happy to see this merger will successfully go
through in the near future. TransAKT together with Sanyo, has projects
including a Wi-Fi phone, a dual mode GSM/WIFI phone and VOIP ready multi-line
cordless phone systems and we believe this partnership will benefit both
TransAKT expects operations in China will be started by the end May 2007.
Staff and engineers have already been sent to China and the legal process to
register a new company in China is under way. China's buying power is
increasing daily and its population of 1.3 billion will guarantee our move
into this market is a wise decision for the company and management believes
that China will become the main source of our company's future revenue income.
"I commit that the management team will take care of all investors'
interests and do our best to make this company successful," says James Wu,
Chairman of TransAKT.
TransAKT Ltd. is a global Voice over Internet Protocol ("VoIP") hardware
and network provider for commercial and residential users. The Company's
global corporate management team is based in Calgary and Taipei. Taiwan Halee
International Co. Ltd. ("HTT") is a wholly owned subsidiary of TransAKT Ltd.
The Company trades in the U.S. as an OTCBB foreign corporation listed under
the ticker TAKDF.
This press release contains certain forward-looking statements regarding
the Company's beliefs about HTT and its sales prospects, and regarding
TransAKT's ongoing ability to attract and acquire further complementary
businesses. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ, including but not
limited to, our limited operating history and history of losses, and our
inability to compete effectively in the marketplace, and such other risks as
identified in documents filed with the Securities and Exchange Commission. All
forward-looking statements in this press release are based on information
available to us as of the date hereof, and we undertake no obligation to
update forward-looking statements to reflect events or circumstances occurring
after the date of this press release.
For further information:
For further information: James Wu, President, (403) 290-1744; Christian
Nielsen, (403) 290-1744