Wed, 7 Jun 2006 6:18:00 PDT
MIAMI, FL -- (MARKET WIRE) -- 06/07/2006 -- Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, today announced the launch of its new corporate website. The new website is available for viewing at www.transax.com.
The website now offers visitors a new interface along with valuable tools and enhanced content. The site also offers an interactive feature highlighting the company's main products and services. Visitors now have the ability to view a demonstration of the company's flagship MedLink solutions directly from the new website. The new layout also includes an expanded investor relations section, including the ability for investors to receive e-mails alerts on news announcements and SEC filings as they are released.
Transax President and CEO Stephen Walters, commented, "Our new website is the fruition of our continuing commitment to create the most efficient means for communicating with our global users, partners, prospects, and investors. The new site features a wide array of resources, tools and interactive features for visitors to quickly and easily gather information about Transax and its product offerings. We have completely redesigned key website features, added new useful tools and made it easier to navigate."
About Transax International Limited
Transax International is an emerging network solutions provider for the healthcare sector. Utilizing its proprietary MedLink™ technology, Transax provides a service similar to a credit card processing for the health insurance industry. A Transax transaction consists of: approving eligibility, authorization, auto-adjudication of the health claim and generating the claim payable files -- provided instantaneously in "real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health insurance claim expenditures and healthcare provider costs. Based in Miami, FL, Transax maintains a major operations office in Rio de Janeiro, Brazil with approximately 35 staff. The Company has contracts in place with major health insurers in Brazil for up to 2,500,000 transactions per month and currently undertakes approximately 700,000 transactions per month, for which Transax receives approximately $0.55 cents per transaction.
SAFE HARBOR STATEMENT: "THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."
Contact: David Sasso Vice President - Investor Relations & Corporate Communications 305.629.3090 Email Contact http://www.transax.com John Tsemberides ROI Group Associates, Inc. 212-495-0743 Email Contact
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