SOURCE: TransAKT Ltd.

July 16, 2008 15:00 ET

TransAKT Ltd. Announces SAGM Results

CALGARY, AB--(Marketwire - July 16, 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 results of its Special and Annual General Meeting of shareholders (SAGM) held June 30, 2008.

The shareholders considered and approved the following matters at the SAGM, the particulars of which are set out in more detail in the Company's Information Circular, dated May 28, 2008:

1.  Messrs. James Wu, Cheng Chun-Chih, Dr. Shiau Tzong-Huei, Tseng
    Ming-Huang and Mark Fletcher were elected as directors of the Company
    for the ensuing year;
2.  Kabani & Company, Inc., Certified Public Accountants, were re-appointed
    the auditor of the Company for the ensuing year; and
3.  The special resolution for the continuance of the Company into the
    State of Nevada was approved by the shareholders, and the Board will be
    getting the continuance process underway in the near future.

The shareholders did not approve the proposed special resolutions to change the name of the Company and to consolidate the Company's common shares.

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