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TransAKT and Global Telecom Enter Into Distribution Agreement for 30,000 Units of Voice Over Internet Protocol Products
CALGARY, Alberta, Aug. 12 /PRNewswire-FirstCall/ -- TransAKT Corp ("TransAKT") (OTC Bulletin Board: TKTJF; TSX Venture Exchange: TKT) announces today that it has entered into a distribution agreement with Global Telecom Unlimited Inc. ("GTC"). Canadian National Corporation, having its Head Quarter in Calgary, Alberta, technical Support Centre -- Call Centre in Vancouver British Columbia with company operated ("GTC") sales office/store across Canada. The Company's Voice Over Internet Protocol (VoIP) products and its proprietary network armed with the 21st century technology, is now serving the communities in your neighborhood.
Under the terms of the agreement GTC will be given exclusivity for the distribution of the Company's VoIP products in Canada provided that GTC orders a minimum of 7,500 units in every three month period of the two year renewable agreement. TransAKT has agreed to brand the TaiChi line of products under the GTC name in Canada. In addition to the hardware sales TransAKT will receive a monthly fee per client for every unit that is active on the network. As agreed with GTC, the Company can still sell its products directly to larger retail clients in Canada who will then activate phone services on the GTC branded network, which is maintained and supported by TransAKT.
GTC has retail stores across Canada that is strictly focusing on VoIP product sales.
GTC has placed an initial purchase order for product and it is anticipated that another order will be placed next week to meet the heavy demand in its retail outlets. GTC will also be marketing VoIP products in India, Pakistan and some European countries.
Dan Pomerleau, President of TransAKT Corp. stated, "The conclusion of this agreement is the first major step that TransAKT Corporation has made in the VOIP Industry outside of Asia and the Middle East. We are now truly a Global VOIP company with customers in Taiwan, Korea, Malaysia, Israel, and now Canada. Further, this agreement frees TransAKT Corporation to focus on continued product development of the VOIP product line as well as continuing to build the U&Me Network which is the real cornerstone of the revenue model for this industry. We are confident that GTC will provide the product consumption we need to grow the business at an acceptable rate in Canada.
Contact Information:
Rick Martens 1-800-266-4484 or e-mail rickm@transaktcorp.com
Jeff Stone 1-212-509-3060 or e-mail crescentfund@crescentfund.com
About GTC: (http://www.connectgtc.com/)
GTC is self-supported, independent Canadian corporation with 55 key employees on staff, including engineers, computer technicians, R&D div., marketing experts, sales managers, administrators and technical support staff to handle customer enquiries.
GTC centers towards ethnic groups in Canada who can take advantage of such an opportunity to stay connected with loved ones located all over the world. VoIP is a technology that transmits ordinary telephone calls over the Internet without having to worry about by-the-minute phone charges to all the countries within the system. Before VoIP technology the public were very limited to being free to talk as long as they want.
About TransAKT(TM) Corp. (http://www.transaktcorp.com/)
TransAKT Corporation through it's wholly subsidiary IP Mental is a Global Voice over Internet Protocol ("VoIP") hardware and network provider for commercial and residential users. IP Mental's proprietary U&Me network already handles more than 23,000 calls daily with over 38,000 subscribers and provides users with telecom grade voice quality. IP Mental was established in 2000 and conducts product research, design, development, as well as marketing, sales, distribution and customer service. The company's global corporate management team is based in Taipei; additionally there are numerous branches and representative offices in Europe, America, Asia-Pacific and Australia.
TransAKT(TM) Corp. is additionally a developer of mobile solutions and a leading developer of secure wireless electronic payment and communication solutions that add value at the point of sale for consumers, merchants and acquirers alike. The TransAKT(TM) wireless terminal is an integrated PIN Pad secured Point-of-Sale device that attaches to a cellular phone without impacting its normal operation. The TransAKT(TM) terminals currently attach to Motorola's StarTAC(R)/Timeport(TM) PCS and iDEN(R) family of mobile phones, giving merchants the ability to easily and securely accept multiple methods of electronic payment in the field. TransAKT(TM) Corp. is trading on the TSX Venture Exchange under the symbol "TKT" and additionally listed on the U.S. OTC:BB exchange under the symbol "TKTJF". For more information please visit http://www.transaktcorp.com/ and http://www.transaktusa.com/.
This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to operational risks identified in documents filed with the Securities and Exchange Commission.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
This release was issued through Major Newswire (http://www.majornewswire.com/)
TransAKT Corporation
CONTACT: Rick Martens of TransAKT Corp, +1-800-266-4484,rickm@transaktcorp.com; or Jeff Stone of Crescent Fund, +1-212-509-3060,crescentfund@crescentfund.com, for TransAKT Corp
Web site: http://www.majornewswire.com/
Web site: http://www.connectgtc.com/
Web site: http://www.transaktusa.com/
Web site: http://www.transaktcorp.com/
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