TransAKT Ltd.
OTC Bulletin Board : TAKDF

November 16, 2006 09:30 ET

TransAKT's Acquisition of Taiwan Halee International is Now Closed

CALGARY, ALBERTA--(CCNMatthews - Nov. 16, 2006) - TransAKT (OTCBB:TAKDF) is pleased to announce that all conditions to close its previously announced proposed acquisition of Taiwan Halee International Co. Ltd.( HTT) have been met and the formal closing in Taiwan was completed on November 15. TransAKT will start booking revenues immediately and investors will start seeing results this quarter. This is the first step in transforming TransAKT into a global industry leader in the telecommunications industry.

"We are happy to have this merger completed", says Mr. Peter Pam, the Managing Director of HTT. "Through this merger HTT will fully utilize its resources in all respect to make TransAKT a competitive player in the global market. HTT already has a significant presence in Asia and our merger with TransAKT will help us expand into the North American market." HTT is a registered brand for Taiwan Halee International and will be used as a global brand in the international expansion of HTT. All of the management team and employees of HTT will remain with TransAKT and will add to TransAKT's capabilities.

The Board of Directors of TransAKT has appointed Dr. Shiau Tzong Huei, Engineering Director of HTT, as the new chairman of TransAKT Taiwan. Dr. Shiau is a specialist in digital cordless switching and has directed the engineering team at the HSINCHU SCIENCE PARK (HSP) for more than 15 years. Established in December 1980, HSP leads the high tech industry as the most respected science park created by the Taiwanese government. The Board of TransAKT Ltd. believes the development of TransAKT Taiwan under Mr. Shiau's management team will be fruitful for the company in near future.

According to Mr. James Wu, Chairman of TransAKT Ltd., "This is a turning point for TransAKT, through this merger TransAKT will have solid revenue and profit streams. The company will build up into a much bigger and profitable organization through this solid foundation."

About TransAKT:

TransAKT Ltd. is a global Voice over Internet Protocol ("VoIP") hardware and network provider for commercial and residential users. The Company's global corporate management team is based in Calgary and Taipei. The Company trades in the U.S. as an OTCBB foreign corporation listing under the ticker TAKDF.

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