SOURCE: TransAKT Ltd.

August 05, 2008 15:00 ET

TransAKT Ltd. Announces Registration of New Subsidiaries in China and Hong Kong

CALGARY, AB--(Marketwire - August 5, 2008) - TransAKT Ltd. (OTCBB: TAKDF) (the "Company" or "TransAKT"), a global manufacturer and distributor of telecommunications hardware for commercial and residential users, is pleased to announce that it has registered TransAKT (Guangzhou) Ltd. in China, and TransAKT (Hong Kong) Ltd., both wholly-owned subsidiaries of TransAKT Ltd.

"We are working together with companies in China to build up our distribution channel. This is a big move for TransAKT," says James Wu, Chairman of TransAKT. "We are ready to share in the economic growth in this region, and I believe our distribution of major brand name telecommunication products together with TransAKT's own unique products will be well suited to this market and will be a significant source of revenue and profits for the Company."

TransAKT will introduce its 4-LINE cordless phone system (EZDECT 416) and 2-LINE PSTN/VOIP combo (EZDECT 209), these unique products are targeted toward SOHO and private home users with functions including intercom, call waiting, call transfer and 3-way conference calling. TransAKT will primarily focus its marketing efforts on China, the world's fastest growing market for telecommunication products. "We have already received inquiries for these products from various companies in China," says J.T. WANG, V.P. of sales and marketing of TransAKT. "We will begin delivery of products to China by the end of this year following approval from local telecommunication regulators."

About TransAKT:

TransAKT Ltd. is a global manufacturer and distributor of telecommunications based in Calgary, Alberta with main operations in Taipei, Taiwan. Through its wholly-owned subsidiary Taiwan Halee International (HTT), TransAKT is one of the largest distributors of telecommunications equipment for the Small Office-Home Office market, with more than 650 distribution outlets in Taiwan. TransAKT also designs, manufactures and sells its own products that combine the latest technologies in voice communications, voice over IP, GSM and Wi-Fi technologies. The Company has exclusive distribution agreements for Taiwan with the world's leading brands in telecommunications: Panasonic, Sanyo, Siemens and Vito. For more information, visit http://www.transaktltd.com. To access the Company's latest filings, including Form 20F, visit http://www.sec.gov or http://www.sedar.com.

This press release contains certain forward-looking statements and 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.

Contact Information

  • CONTACT

    James Wu
    President
    (403) 290-1744

    Christian Nielsen
    (403) 290-1744
    Email Contact