CALGARY, April 11 /CNW/ - TransAKT Ltd. (OTCBB: TAKDF, "TransAKT"), a
global Voice over Internet Protocol ("VoIP") hardware and network provider for
commercial and residential users, today reported that unaudited net revenues
for Taiwan Halee International Co. Ltd ("HTT"), a wholly owned subsidiary of
the Company acquired in November 2006, reached US$2.37 million ($75.7 million
Taiwanese Dollars) for the first quarter of 2007.
According to James Wu, President of TransAKT, "I am pleased with the
results of the company's sales for the first quarter of 2007. Despite the
short first quarter due to both Western and Chinese New Year holidays, our
team is working very hard to achieve the company's goals. We are proud to
announce that we have moved past the days of unstable revenues, and we have
created a stable and steadily increasing revenue stream for the company."
Taiwan Halee, a wholly owned subsidiary of TransAKT, has signed a
distribution agreement with Panasonic for its telecommunication products in
Taiwan and we expect this new agreement will bring additional revenues of more
than US$10,000,000 per year to the company starting April 1st, 2007. The
company is working on several other projects together with Siemens, Sanyo and
other brand name companies and will keep you, all our faithful investors,
informed as soon as any of these projects become mature.
"I promise that our management team will endeavor to increase our
revenues and profit in every future quarter. Also we will continue to
strengthen our engineering team to develop the best products that will meet
our customers' needs," said James Wu.
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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements regarding
the Company's beliefs about the 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