The IR firm is presently working on assembling preliminary material and has commissioned a report on the Company to be written. What will take a few days is the overseas transfer of initial consideration needed to fulfill the terms of the contract. The IR firm is comfortable enough with Mr. Wu and Transakt to proceed with this preparatory work pending receipt of their contract fees.
I do not know if it is a requirement to issue a News Release on this contract but I suspect one will be done in the next several days or, at the latest, when the contract is finalized by payment of fees.
The Company will have a position on the IR firm's website, brokers will be brought in and the IR firm's database will be contacted to introduce the Company.
My best guess is that this will probably start in the next ten days and will be in full force by the first week of September.
When the campaign gets underway in earnest we will see a lot more trading on the buy side which should give much needed relief and liquidity to the shareholders. It is my understanding that both the Company and the IR firm are hopeful that this agreement will become more expansive in tandem with Transakt's growth and success.
(I have played a role in the making of these arrangements so I am pretty much on the front lines with this particular issue.)
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