TransAKT Corp.
OTC Bulletin Board : TKTJF

TransAKT Corp.

June 05, 2006 16:55 ET

TransAKT Corp.: Correction of June 2, 2006 Press Release

CALGARY, ALBERTA--(CCNMatthews - June 5, 2006) - TransAKT Corp ("TransAKT" or the "Company") (OTCBB:TKTJF) wishes to correct a press release it issued on June 2, 2006.

In that release it was incorrectly stated that Mr. Riaz Sumar, who resigned as a director and as CFO on May 26th, had agreed to continue with the Company as interim CFO. Negotiations between Mr. Sumar and TransAKT for his interim services were in fact not successful, and on May 31st Mr. Sumar withdrew from those negotiations.

On June 2nd TransAKT appointed Ms. Rong Fitzgibbons as its CFO, as stated in the June 2nd press release announcing the appointment of various directors and officers, and the Company regrets the inadvertent inclusion of Mr. Sumar in that press release.

Mark Fletcher

Corporate Secretary

TransAKT Corporation is a global Voice over Internet Protocol ("VoIP") hardware and network provider for commercial and residential users. Its proprietary U&Me network already handles more than 25,000 calls daily with over 40,000 subscribers and provides users with telecom grade voice quality. The Company's global corporate management team is based in Taipei; additionally there are numerous branches and representative offices in Europe, America, Asia-Pacific and Australia. TransAKT™ Corp. is additionally a developer of mobile solutions and a leading developer of secure wireless electronic payment and communication solutions that add value at the point of sale for consumers, merchants and acquirers alike.

This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to operational risks identified in documents filed with the Securities and Exchange Commission.

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