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TransAKT appoints new board

Mar 13, 2015

LAS VEGAS, March 13, 2015 (GLOBE NEWSWIRE) - TransAKT Ltd. ("TransAKT", or the "Company") (OTCQB:TAKD) is pleased to announce the appointment of Mr. He Jingtian, Mr. He Jiaxian, and Ms. Tam Yuk Ching as its directors of the Company, effective immediately. Mr. He Jingtian has managed a multimillion dollar company specializing in the design and production of metal and wood mechanisms for more than 30 years. Mr. He Jiaxian holds a master's degree in business management and brings more than 12 years of executive level management experience. Ms. Tam Yuk Ching brings more than 20 years of experience in corporate finance and will assist the Company in all financing and capital raising activities in the future.

TransAKT Ltd. Appoints New Board Member

2013-07-31 1:59 PM ET

LAS VEGAS, NEVADA, July 31, 2013 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT", or the "Company") today announced the appointment of Mr. Ho Kang Wing, Eric, to its board of directors.

Mr. Ho currently serves and the managing director of Guang-Dong Metal Co., Ltd. ("Guang-Dong Metal Products"). Mr. Ho has managed Guang-Dong Metal Products for more than twenty years, and under his direction the company has achieved annual revenues in excess of USD$100,000,000. Mr. Ho has committed to help TransAKT to develop a market for Vegfab in China and other Asian countries.

"I have full confidence that Mr. Ho has the experience and expertise to ensure that TransAKT will soon play a significant role in China's agriculture industry, and I am very happy to have him on board." says James Wu, chairman of TransAKT.

The company also announces that due to personal obligations Tseng Ming-Huang has resigned from the Company's board of directors effective July 31, 2013. The remaining board members sincerely thank Mr. Tseng for his past contributions as a director of the Company and wish him the best in his future endeavors.

This press release contains certain forward-looking statements and 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.

2013-04-29 3:08 PM ET

LAS VEGAS, NEVADA, April 29, 2013 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT") today announced that it has launched its new line of stand-alone LED hydroponic systems for use by families, restaurants, and small retail operations. The company's engineers have designed several models to allow the production of a variety of vegetables, fruits, and flowers including lettuce, herbs, cruciferous vegetables, cucumbers, and strawberries with production capacity ranging from 6 to 300 plants.

"We have received a very positive response to our initial marketing research, and we expect to receive an order from a major Japanese company in the near future." explains James Wu, chairman of TransAKT. "Our expanded product line will provide an economical option for families and small retail and restaurant operations to grow their own safe, clean, pesticide free vegetables and fruits during the entire year regardless of their local climate. Our products are the subject of several patents, including ones for vertically wall-mounted LED lights and ventilation systems for grow boxes. We believe that TransAKT will become a world leader in hydroponic systems."

This press release contains certain forward-looking statements and 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.

2013-04-25 2:02 PM ET

LAS VEGAS, NEVADA, April 25, 2013 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT") today announced that it has completed construction of its 19,375 square foot (1,800 square meter) vegetable production factory located in Yangmei City, Taiwan, that can accommodate 600,000 edible green plants at once or 1,800,000 plants per month for a yield of approximately 75,000 kg of vegetables per month based on a 10 day growth cycle. The factory is expected to reach full operating capacity by the end of June 2013.

This revolutionary process for vegetable production relies on a combination of simulated sunlight from LED lamps, electronically controlled automation systems (up to 85% automated) and plant nutrition control systems. The vegetables produced have been tested by SGS Labs and certified to comply with or exceed European standards for nitrate, heavy metal, and bacteria content, and are proven pesticide free.

"Our staff includes experts in each related field, allowing us to produce extraordinary yields in a very small area." explains James Wu, chairman of TransAKT. "We have already provided samples to major retailers in Taiwan including local supermarkets, convenience stores, and wholesalers and have received a very positive response. We expect to receive formal orders soon. I believe that our proprietary technology will make TransAKT a very competitive source for safe, clean vegetables and allow scalable production to meet rapidly growing demand. We plan to expand our production capacity in Taiwan in the coming months."

This press release contains certain forward-looking statements and 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.

January 8, 2013 17:02 EDT

LAS VEGAS, NEVADA, January 8, 2013 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT") today announced that it has entered into a definitive agreement under which TransAKT will sell its wholly owned subsidiary Taiwan Halee International Corporation ("HTT"), for the sum of $1.8 million. The purchase price is being paid by the delivery to TransAKT of 45,000,000 common voting shares of TransAKT Ltd. previously issued in connection with the acquisition HTT in 2006, with a deemed value of US$0.04 per share.

James Wu, Chief Executive Officer and Chairman of TransAKT, stated "The sale of HTT strengthens TransAKT's strategic focus on Vegfab's innovative agricultural technology. While HTT has been a valuable asset, we no longer emphasize the distribution of telecommunication products."

This press release contains certain forward-looking statements and 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.

August 7, 2012 16:15 EDT

LAS VEGAS, NEVADA, August 7, 2012 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT") today announced that all conditions to close its previously announced proposed acquisition of Vegfab Agricultural Technology Co. Ltd. ("Vegfab") have been met and the formal closing in Taiwan was completed on July 26. TransAKT will start booking revenues immediately and investors will start seeing results this year.

"We acquired all of the issued and outstanding shares of Vegfab." explains James Wu, chairman of TransAKT. "We had entered into an Asset Purchase and Sale Agreement dated May 3, 2012 among our company and Vegfab, however the parties elected at closing to instead proceed with an acquisition of the issued and outstanding shares of Vegfab."

This press release contains certain forward-looking statements and 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.

May 8, 2012 10:42 EDT

LAS VEGAS, NEVADA, May 8, 2012 – TransAKT Ltd. (OTCQB: TAKD, "TransAKT") and Vegfab Agricultural Co. Ltd. ("Vegfab") today announced that they have entered into a definitive agreement under which TransAKT will acquire Vegfab, a Taiwanese company, for the sum of US$5,500,000. The purchase price is being paid by the delivery to Vegfab of: (i) US$1,000,000 in cash; and (ii) 150,000,000 common voting shares issued by TransAKT Ltd., with a deemed value of US$0.03 per share.

A final agreement, contingent on the outcome of TransAKT's due diligence, is expected to be approved by the board of directors of both companies and be completed rather speedily--sometime in the next few weeks.

Vegfab is a manufacturer of highly innovative agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in proprietary a hydroponic system. Vegfab's product line includes systems for commercial production, and a new home growing system which allows families to grow safe, clean vegetables and fruit in their own homes.

"Vegfab's technology allows home and commercial users to grow vegetables and fruit using simulated sunlight produced by highly efficient LED lamps," explains James Wu, chairman of TransAKT. "Produce grown hydroponically using Vegfab's system grows faster than vegetables grown in soil and requires no chemical fertilizers or pesticides; you can trust that vegetables grown with Vegfab are clean and safe for your family."

This press release contains certain forward-looking statements and 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.

October 6, 2011 18:18

TransAKT Ltd. (OTCQB: TAKD, "TransAKT") is proud to announce the opening of its new showroom in Las Vegas to demonstrate innovative LED lighting and ZigBee smart lighting adapters in a real-life application, providing a space for customers to learn about and purchase a variety of LED products.

"Our high quality LED lighting products produce true light for accurate color reproduction and consume only a fraction of the electricity used by traditional light sources," explains James Wu, chairman of TransAKT. "Our showroom will offer customers a first-hand experience of how we can help them with their lighting needs."

TransAKT is also proud to announce that samples of its LED lighting products are currently being tested by some of the most famous resorts in Las Vegas. "The hospitality industry in Las Vegas can benefit greatly from the use of LED lighting," says James Wu. "In addition to energy savings of up to 70%, the operational life of LED lamps is approximately fifteen times that of halogen and incandescent lamps, virtually eliminating the need for routine bulb replacement."

This press release contains certain forward-looking statements and 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.

Thursday June 16, 2011 09:35

TransAKT Ltd. (OTCQB: TAKD, "TransAKT") announces that TransAKT has relocated its corporate headquarters to Las Vegas, Nevada, from Calgary, Alberta. Accordingly, TransAKT will relocate a variety of other global business functions to Las Vegas including finance, accounting, sales, marketing, corporate communications and customer care. "We are excited to announce that we have leased office space in Las Vegas, and will be setting up a showroom as we prepare to introduce new and innovative products in the United States." says James Wu, chairman of TransAKT, "Relocating to Las Vegas will help dramatically reduce our operating costs as we execute our strategic initiatives."

This press release contains certain forward-looking statements and 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.

We have called a special and annual meeting of our shareholders to be held at the offices of the company's legal counsel in Vancouver, Canada on November 17, 2010 at 10:00 a.m. PST. Click here to download a copy of the proxy materials.

May 15, 2009

TransAKT Ltd. (OTCBB: TAKDF, "TransAKT" or the "Corporation") announces that Kabani & Company, Inc., Certified Public Accountants ("Kabani"), former auditors of TransAKT has resigned as independent auditors of the Corporation. In place of Kabani the board of directors of the Corporation proposes the appointment of KCCW Accountancy Corp., as successor auditor in their place.

May 1, 2009

TransAKT Ltd. (OTCBB: TAKDF, "TransAKT" or the "Company") announces that due to changes being implemented at his law firm Mark Fletcher has resigned from the Company's board of directors and from his position as an officer of the corporation effective April 28, 2009. The remaining board members sincerely thank Mr. Fletcher for his involvement with the Company and wish him the best in his future endeavors.