TransAKT Ltd. Announces Merger Discussions with Chinese Sanyo Distributor
16 Avril 2007 - 12:30PM
Business Wire
TransAKT Ltd. (OTCBB: 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. About 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. 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.
TransAKT (PK) (USOTC:TAKD)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
TransAKT (PK) (USOTC:TAKD)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024
Real-Time news about TransAKT Ltd (PK) (OTCMarkets): 0 recent articles
Plus d'articles sur TransAKT Ltd.