OTCBB: TAKDF News Release
CALGARY, April 3 /CNW/ - TransAKT Ltd. (OTCBB: TAKDF, "TransAKT")
announced today that it has successfully closed the private placement
previously announced on March 22, 2007 of 7,400,000 shares at US$0.12 per
share for total proceeds of US$888,000. A commission of 10% equal to US$3,600
was paid in connection with a portion of the closing of this offering.
Proceeds from this offering will be used by the company for the final
payment of US$300,000 to Taiwan Halee International Co. Ltd. following
TransAKT's acquisition of the company announced in November 2006, and marks
the completion of the final post-closing condition of this acquisition.
Proceeds will also be used to expand operations into the rapidly growing
market for telecommunication products in China. TransAKT's focus in China will
be on development of a mid to hi-end market for our multi-line cordless phone
system, distribution of brand name consumer electronics products (fax
machines, and digital cordless and multi-line phone systems from brands
including Sanyo, Panasonic and Siemens), and to provide product designs to
major telecommunications manufacturers including Siemens.
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 listing under
the ticker TAKDF.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that
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, Email: firstname.lastname@example.org