Transakt Ltd Nev (OTC:TAKD)

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.

New description:

Effective July 26, 2012, we acquired all of the issued and outstanding shares of Vegfab Agricultural Technology Co. Ltd. (“Vegfab” or the “Company”), a Taiwanese corporation. We had entered into a Asset Purchase and Sale Agreement dated May 3, 2012 (the “Purchase Agreement”) 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.

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