[April 03, 2007] TransAKT Ltd. Closes Private Placement Tweet CALGARY, Alberta --(Business Wire)-- TransAKT Ltd. (OTCBB: TAKDF) ("TransAKT") announced today that it has successfully closed the private placement previously announced on March 22, 2007, of 7,400,000 shares at US$0.12 per share for total proceeds of US$888,000. A commission of 10% equal to US$3,600 was paid in connection with a portion of the closing of this offering. Proceeds from this offering will be used by the company for the final payment of US$300,000 to Taiwan Halee International Co. Ltd. following TransAKT's acquisition of the company announced in November 2006, and marks the completion of the final post-closing condition of this acquisition. Proceeds will also be used to expand operations into the rapidly growing market for telecommunication products in China. TransAKT's focus in China will be on development of a mid to hi-end market for our multi-line cordless phone system, distribution of brand name consumer electronics products (fax machines, and digital cordless and multi-line phone systems from brands including Sanyo, Panasonic and Siemens), and to provide product designs to major telecommunications manufacturers including Siemens. 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 listing under the ticker TAKDF. Cautionary Note Regarding Forward-Looking Statements This press release contains certain forward-looking statements that 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. [ Back To TMCnet.com's Homepage ]