TransAKT Ltd.
OTC Bulletin Board : TAKDF

November 15, 2006 17:46 ET

TransAKT Retains iCapital as Investment Banking Firm

Publicly traded Alberta, Canada telecommunications company to work with California based investment bank

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2006) - TransAKT (OTCBB:TAKDF), a publicly traded telecommunications equipment manufacturer and distributor, headquartered in Calgary, Canada, has engaged California investment bank iCapital Finance, Inc. to reposition the company. The new TransAKT will acquire, commercialize, deploy and develop new technologies in numerous sectors, starting with telecommunications. The company will develop new businesses, joint ventures, and distribution agreements to diversify product, client and geographic base of revenue streams. TransAKT has a new management team in place and is in the final process of closing its first acquisition, with a leading Taiwanese telecommunications company Taiwan Halee International Co. Ltd.

"We are very excited to be working with iCapital," said TransAKT president James Wu. "iCapital has extensive relationships and experience in dealing with Canadian and international companies and is expected to be an asset to the company as an investment banking consultant and as a resource for business development and acquisitions."

"We are very happy to be working with TransAKT. TransAKT has an outstanding management team and is well-positioned to take advantage of a rapidly changing telecom environment," said iCapital Managing Director Randall Letcavage. "We are looking forward to developing our relationship and assisting TransAKT in its plans to launch cutting edge products to a ready and waiting market."

As the corporate banking firm for TransAKT, iCapital will provide a wide range of financial advisory services to TransAKT, to maximize shareholder value.

About TransAKT

TransAKT Ltd. is a technology company focusing on Voice over Internet Protocol ("VoIP") hardware and network applications for commercial and residential users. The Company's global corporate management team is based in Calgary and Taipei. The company has recently secured and developed software and technology that may be released in Asia and in North America as early as the First Quarter of 2007. The Company is listed on the OTCBB (TAKDF).

About iCapital Finance

iCapital is a leading investment bank specializing in the Micro and Small Cap Public Companies and Middle Market Private Companies offering a wide range of financial advisory services, including M&A, equity and debt financing, strategic advisory services, and financial and industry specific consulting. iCapital's industry experience and financial resources enables it to assist high growth companies meet their corporate objectives. In addition to working with public and private companies, iCapital is also a certified national Community Development Entity and represents the state of New Jersey, the National Conference of Black Mayors, and numerous municipalities.

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