CybeRelease: (OTC: TAKDF) Announces Merger Discussions with Chinese Sanyo Distributor
(CybeRelease, April 16, 2007) - Lake Harmony, PA - TransAKT Ltd. (OTC BB: TAKDF), a global Voice over Internet Protocol (“VoIP”) hardware and network provider for commercial and residential users, is pleased to announce that the Company has entered into merger discussions with the exclusive Sanyo distributor for telecommunication products in China. Sanyo is a well-known brand name for its telecommunication products worldwide, and is widely accepted by Chinese customers. Management is optimistic that this merger will enhance the market position of TransAKT’s new operations in China.
This Sanyo distributor has built up a profitable sales channel in China with annual revenues of approximately US$15 million. TransAKT and the distributor in China are both happy to see this merger will successfully go through in the near future. TransAKT together with Sanyo, has projects including a Wi-Fi phone, a dual mode GSM/WIFI phone and VOIP ready multi-line cordless phone systems and we believe this partnership will benefit both companies.
TransAKT expects operations in China will be started by the end May 2007. Staff and engineers have already been sent to China and the legal process to register a new company in China is under way. China’s buying power is increasing daily and its population of 1.3 billion will guarantee our move into this market is a wise decision for the company and management believes that China will become the main source of our company’s future revenue income.
“I commit that the management team will take care of all investors’ interests and do our best to make this company successful,” says James Wu, Chairman of TransAKT.
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.
To read the complete release, go to http://biz.yahoo.com/bw/070416/20070416005586.html?.v=1
For a Free News letter, go to http://www.OTCReporter.com
CybeRelease Gainers are Jones Soda Co. (Nasdaq: JSDA), Medis Technologies Ltd. (Nasdaq: MDTL), Novavax, Inc. (Nasdaq: NVAX), Nastech Pharmaceutical Company, Inc. (Nasdaq: NSTK), Alfacell Corporation (Nasdaq: ACEL), Cutter & Buck Inc. (Nasdaq: CBUK), NeuroMetrix, Inc. (Nasdaq: NURO) and Onstream Media Corporation (Nasdaq: ONSM).
CybeRelease Decliners are Silicon Motion Technology Corporation (Nasdaq: SIMO), Semitool, Inc. (Nasdaq: SMTL), GenVec, Inc. (Nasdaq: GNVC), QLT Inc. (Nasdaq: QLTI), Genelabs Technologies, Inc. (Nasdaq: GNLB), Cost Plus, Inc. (Nasdaq: CPWM), InPhonic, Inc. (Nasdaq: INPC) and Emageon Inc. (Nasdaq: EMAG).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for informational purposes only and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.