TransAKT Ltd. Announces Distribution Agreement With Senao Telecom
CALGARY, AB, Sep 11, 2007 (MARKET WIRE via COMTEX News Network) -- 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 entered into a distribution agreement with Senao Telecom, a subsidiary of Chung-Hua Telecom.
Senao Telecom is a well known publicly traded telecommunications company in Taiwan with total revenues projected to exceed $500 million USD in 2007. Senao Telecom has more than 200 retail outlets in Taiwan.
"Through TransAKT's solid sales channel, this distribution agreement will enhance our current market share in Taiwan and will create a potential opportunity for future collaboration between our two companies," said James Wu, chairman of TransAKT Ltd. "I am excited to offer Senao Telecom's products to our customers. We believe the addition of complementary products, such as Senao Telecom's, will generate increased revenues and profits in the future."
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.
CONTACT For Investors Relations: Jamie Dryer Flagler Communications 561-837-8057 Email Contact http://www.otcfn.com/takdf OR William Welsome Satellite Enterprise Trading 858-952-1141 Email Contact OR At TransAKT Ltd. James Wu President or Christian Nielsen 403-290-1744
Chris this stock will eventually rise someday with its own merit no doubt but for now the new IR will need to put some extra effort to let the investment community aware of..
Wow nice news...The most volume since I started following this stock..
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