CybeRelease: (OTC: TAKDF) Issues Shareholders Update
(CybeRelease, April 2, 2007) - Lake Harmony, PA - As the first quarter of the 2007 draws to a close the company wants to update their shareholders on what the company has accomplished since the current management team assumed control of TransAKT and share our plans for the future.
TransAKT is a technology-oriented company, and it is our mission to introduce high quality products that will meet the demands of small and medium size SOHO users to the market and maximize profits for the company. We know this is not an easy job, but we have accepted this mission as a challenge and we are prepared to work hard to make it a success.
Since the change of management in June 2006 the company has:
1.) Restructured the organization of the company
2.) Reformed the financial structure and implemented a healthy budget control system
3.) Successfully acquired Taiwan Halee International Co. Ltd. in November 2006
4.) Shown a steady improvement in monthly revenues and profit
5.) Regained the confidence of the company’s shareholders
I am very proud to share some of our exciting plans for the company that will be implemented over the next few months:
Our 4 line IPBX cordless phone system is now ready to ship to customers. The company has received trial orders from Malaysian Telecom and Vietnam Hoi-Noi Telecom, and we expect much larger orders for SOHO users worldwide.
2.) TransAKT has formed a partnership with Sanyo to develop a Wi-Fi phone and a GSM/Wi-Fi dual mode phone both of which we believe will be very successful products in the market and are expected to be available within the next three months.
3.) TransAKT has recently signed an agreement with Panasonic to be their official distributor of telecommunication products in Taiwan
4.) The company is currently in the process of expanding our operations to China which will provide us with opportunities to approach the world’s fastest growing market for telecommunication products and assure that we will be a major player in this market for the next ten to twenty years.
5.) Management expects a steady increase in revenues starting in April; sales revenues in the second quarter of 2007 are forecast to exceed 7 million Dollars US.
I hope that I have answered most of your questions. We intend to keep working hard and we will continue our effort to communicate with you, our most loyal investors as we will be issuing press releases more frequently in the future to keep you apprised of our current activities.
Thank you for your continued support,
To read the complete release, go to http://biz.yahoo.com/bw/070402/20070402005515.html?.v=1
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