CALGARY, April 2 /CNW/ -
As the first quarter of the 2007 draws to a close I would like to take
this opportunity to update our loyal shareholders on what the company has
accomplished since the current management team assumed control of TransAKT and
share our plans for the future.
TransAKT is a technology oriented company, and it is our mission to
introduce high quality products that will meet the demands of small and medium
size SOHO users to the market and maximize profits for the company. We know
this is not an easy job, but we have accepted this mission as a challenge and
we are prepared to work hard to make it a success.
Since the change of management in June 2006 the company has:
1.) Restructured the organization of the company
2.) Reformed the financial structure and implemented a healthy budget
3.) Successfully acquired Taiwan Halee International Co. Ltd. in November
4.) Shown a steady improvement in monthly revenues and profit
5.) Regained the confidence of the company's shareholders
I am very proud to share some of our exciting plans for the company that
will be implemented over the next few months:
1.) Our 4 line IPBX cordless phone system is now ready to ship to
customers. The company has received trial orders from Malaysian
Telecom and Vietnam Hoi-Noi Telecom, and we expect much larger orders
for SOHO users worldwide.
2.) TransAKT has formed a partnership with Sanyo to develop a Wi-Fi phone
and a GSM/Wi-Fi dual mode phone both of which we believe will be very
successful products in the market and are expected to be available
within the next three months.
3.) TransAKT has recently signed an agreement with Panasonic to be their
official distributor of telecommunication products in Taiwan
4.) The company is currently in the process of expanding our operations
to China which will provide us with opportunities to approach the
world's fastest growing market for telecommunication products and
assure that we will be a major player in this market for the next ten
to twenty years.
5.) Management expects a steady increase in revenues starting in April;
sales revenues in the second quarter of 2007 are forecast to exceed
7 million Dollars US.
I hope that I have answered most of your questions. We intend to keep
working hard and we will continue our effort to communicate with you, our most
loyal investors as we will be issuing press releases more frequently in the
future to keep you apprised of our current activities.
Thank you for your continued support,
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 involving
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: email@example.com