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TransAKT, Global Telecom ink distribution agreement

Posted: 18 Aug 2004 ?? ?Print Version ?Bookmark and Share

Keywords:transakt? global telecom unlimited? voip?

TransAKT Corp. has entered into a distribution agreement with Global Telecom Unlimited Inc. (GTC). 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.

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