TransAKT Ltd. Announces Registration of New Subsidiaries in China and Hong Kong
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CALGARY, AB, Aug 05 (MARKET WIRE) --
TransAKT Ltd. (OTCBB: TAKDF) (the "Company" or "TransAKT"), a global
manufacturer and distributor of telecommunications hardware for
commercial and residential users, is pleased to announce that it has
registered TransAKT (Guangzhou) Ltd. in China, and TransAKT (Hong Kong)
Ltd., both wholly-owned subsidiaries of TransAKT Ltd.
"We are working together with companies in China to build up our
distribution channel. This is a big move for TransAKT," says James Wu,
Chairman of TransAKT. "We are ready to share in the economic growth in
this region, and I believe our distribution of major brand name
telecommunication products together with TransAKT's own unique products
will be well suited to this market and will be a significant source of
revenue and profits for the Company."
TransAKT will introduce its 4-LINE cordless phone system (EZDECT 416) and
2-LINE PSTN/VOIP combo (EZDECT 209), these unique products are targeted
toward SOHO and private home users with functions including intercom, call
waiting, call transfer and 3-way conference calling. TransAKT will
primarily focus its marketing efforts on China, the world's fastest
growing market for telecommunication products. "We have already received
inquiries for these products from various companies in China," says J.T.
WANG, V.P. of sales and marketing of TransAKT. "We will begin delivery of
products to China by the end of this year following approval from local
telecommunication regulators."
About TransAKT:
TransAKT Ltd. is a global manufacturer and distributor of
telecommunications 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 or http://www.sedar.com.
This press release contains certain forward-looking statements and 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
James Wu
President
(403) 290-1744
Christian Nielsen
(403) 290-1744
Email Contact
Copyright 2008, Market Wire, All rights reserved.
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