CALGARY, Alberta, June 16, 2011 (GLOBE NEWSWIRE) -- 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."
About TransAKT
TransAKT Ltd. (OTCQB:TAKD) 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.
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.