SOURCE: TransAct Energy Corp.

TransAct Energy Corp.

November 30, 2010 06:00 ET

TransAct Energy Set to Enter Pakistan

Agreement Signed to Secure Power Projects in Pakistan

SAN ANTONIO, TX--(Marketwire - November 30, 2010) -  TransAct Energy Corp. (OTCBB: TEGY) announced today it has entered a consulting agreement with an Australian based company working with TransAct to secure power projects in Pakistan. Under the terms of the agreement the consultant will negotiate and secure power projects in Pakistan earning 2% of the projects capital cost as their fee. The consulting group is now preparing to present TransAct with a development agreement in Pakistan. The location and details of this first project and the consultant will be disclosed after the signing.

Pakistan struggles with an enormous energy deficit and the drastic need for economic growth. The country has large untapped energy resources and needs outside developers to realize its energy potential. Pakistan, despite the enormous potential of its energy resources, remains energy deficient and has to rely heavily on imports of hydrocarbon products to satisfy its needs. Moreover, a very large part of rural areas do not have the electrification facilities because they are either too remote and/or too expensive to connect to the national grid.

Pakistan has a wide spectrum of high potential renewable energy sources, conventional and as well non-conventional. Many of them have not been adequately explored, exploited and developed, geothermal energy being one of them. Pakistan may benefit by harnessing the geothermal option of energy generation as substitute energy in areas where sources exist. Dr. Mory Ghomshei, who heads up the geothermal division of TransAct, has reviewed Pakistan's geothermal prospects in the past and feels they are very strong for their energy future to come.

TransAct is well positioned to deliver on conventional, solar, biomass and geothermal power projects in Pakistan. "Being that we intend to position ourselves in neighboring India with technology licenses and manufacturing, it is natural to look for additional markets to flow our solar modules and fuel cells," commented TransActs' President Rod Bartlett. "There is a large population (180 Million) requiring affordable power in order to economically evolve. They have the resources, and we can provide the knowhow. "

About TransAct Energy Corp.

TransAct Energy Corp. is a Texas-based company. Our business is the development, production, management and conservation of electricity through sustainable electricity projects. Our focus is energy produced from geothermal, solar and municipal waste. Our power conservation technologies are centered on technology innovations including hydrogen fuel cells and low temperature geothermal. Please visit www.transactenergy.com

Forward-Looking Statements

The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

Contact Information