CybeRelease: (OTC: TAKDF) Announces Unaudited Revenues of $2.37 Million for the First Quarter
(CybeRelease, April 12, 2007) - Lake Harmony, PA - TransAKT Ltd. (OTC BB: TAKDF; “TransAKT”), a global Voice over Internet Protocol (“VoIP”) hardware and network provider for commercial and residential users, today reported that unaudited net revenues for Taiwan Halee International Co. Ltd (“HTT”), a wholly owned subsidiary of the Company acquired in November 2006, reached US$2.37 million ($75.7 million Taiwanese Dollars) for the first quarter of 2007.
According to James Wu, President of TransAKT, “I am pleased with the results of the company’s sales for the first quarter of 2007. Despite the short first quarter due to both Western and Chinese New Year holidays, our team is working very hard to achieve the company’s goals. We are proud to announce that we have moved past the days of unstable revenues, and we have created a stable and steadily increasing revenue stream for the company.”
Taiwan Halee, a wholly owned subsidiary of TransAKT, has signed a distribution agreement with Panasonic for its telecommunication products in Taiwan and we expect this new agreement will bring additional revenues of more than US$10,000,000 per year to the company starting April 1st, 2007. The company is working on several other projects together with Siemens, Sanyo and other brand name companies and will keep you, all our faithful investors, informed as soon as any of these projects become mature.
“I promise that our management team will endeavor to increase our revenues and profit in every future quarter. Also we will continue to strengthen our engineering team to develop the best products that will meet our customers’ needs,” Said James Wu.
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. Taiwan Halee International Co. Ltd. (“HTT”) is a wholly owned subsidiary of TransAKT Ltd. The Company trades in the U.S. as an OTCBB foreign corporation listed under the ticker TAKDF.
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