SOURCE: TransAKT Ltd.

August 22, 2007 08:30 ET

TransAKT Ltd. Retains OTC Financial Network for Investor Relations Services

CALGARY, AB--(Marketwire - August 22, 2007) - TransAKT Ltd. (OTCBB: TAKDF), a global Voice over Internet Protocol ("VoIP") hardware and network provider for commercial and residential users, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp. (NFC), for comprehensive investor relations services.

NFC President Geoffrey Eiten said, "VoIP represents one of the fastest growing segments of today's global telecommunications industries. TransAKT is strategically positioned to build on its success as an established distributor by growing as a leading provider of VoIP products and services in China and other expanding international markets. In 2006, total VoIP subscribers reached about 38 million users worldwide, representing an annual growth rate of 80%. TransAKT, through its subsidiary Taiwan Halee International (HTT), is readily capitalizing on this explosive market through exclusive distribution agreements with leading manufacturers including Brother, Panasonic, Sanyo, Siemens and Vito."

Eiten continued, "By year end 2007, TransAKT expects to merge with Lang Sheng LTD, a profitable China-based company with annual revenues of approximately US $15 million that owns the exclusive distribution rights of Sanyo telecommunication products in China. With the close of the acquisition, TransAKT expects to grow revenues dramatically over its total revenues of US $8.3 million reported in 2006 and to reach profitability. We look forward to communicating TransAKT's dynamic business plan to investors and shareholders seeking attractive opportunities for growth."

James Wu, President of TransAKT, stated, "The professional staff at OTC Financial Network are well versed in emerging growth companies such as ours, and will help us maximize our awareness in the North American financial community."

About OTC Financial Network

OTC Financial Network (OTCFN) has carved its niche as the nation's leading small/micro-cap investor relations and financial communications firm. OTCFN provides full-service investor relations, consulting services and customized marketing campaigns designed to maximize investor awareness for small/micro-cap publicly traded companies. Since its inception in 1992, OTCFN has represented over 500 clients. To view a current client list or for more information, visit http://www.otcfn.com. OTCFN is a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, MA.

Disclaimer: OTC Financial Network (OTCFN) serves as special advisor to the featured Company and has received fees for services, including a monthly retainer of five thousand dollars, plus an option to purchase five million shares at an exercise price of sixty-percent of the share price at the time of transaction, plus expenses, for the creation and distribution of materials. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Additional compensation information and a full disclaimer can be found online by visiting http://www.otcfn.com/takdf/disclaimer.html.

About TransAKT Ltd.

TransAKT Ltd. is a global Voice over Internet Protocol ("VoIP") hardware and network provider 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.

This press release contains certain forward-looking statements regarding the Company's beliefs about HTT and its sales prospects, and regarding TransAKT's ongoing ability to attract and acquire further complementary businesses. 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.

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