SOURCE: Transact Energy, Inc.

Transact Energy, Inc.

September 30, 2010 06:00 ET

TransAct Energy Engages Delphina Group to Provide Financial Services

SAN ANTONIO, TX--(Marketwire - September 30, 2010) - TransAct Energy Corp. (OTCBB: TEGY) today announced that it has engaged the services of Delphina Group Corp. for the last quarter of 2010 to provide general investor relations, corporate finance, mergers and acquisitions and business development services. 

These services will include providing advice and assisting TransAct in its current financing activities; development of a concept for TransAct's corporate investor relations website; advice regarding various additional supportive public relations services; analyzing and reporting on proposed business opportunities; disseminating client investor packages and building investor interest to targeted audiences, utilizing various databases and newsletters. Delphina is providing these services to TransAct at a cost of one million shares of the company's common stock.

"We believe we can provide a professional service to TransAct Energy and its shareholders," said Delphina Group's President Nick Plessas. "Our company is very selective in terms of whom we provide services to and TransAct Energy is the type of Company we can support."

"We have looked for several months to find an agency that could support our investors/shareholders in a professional manner leaving us free to concentrate on operations and the business fundamentals that will provide our shareholders with future earnings," said Rod Bartlett, TransAct's President and CEO. "We have found this agency in Delphina Group."

About Delphina

Delphina Group is an Ontario corporation that provides financial services including business development, investor relations, mergers and acquisitions, and is headed by Nick Plessas, an experienced business developer with knowledge in the public markets.

About TransAct

TransAct Energy Corp. is a Texas based company whose business is the development, production, management and conservation of electricity through sustainable electricity projects. Our focus is energy produced from geothermal, solar and municipal waste. Our power conservation technologies are centered on technology innovations including hydrogen fuel cells and low temperature geothermal. Please visit www.transactenergy.com.

Safe Harbor

The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

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