SOURCE: Transax International

April 10, 2007 08:25 ET

Transax International Provides Preliminary 2006 Revenue Results and Record Transaction Volume for March 2007

MIAMI, FL -- (MARKET WIRE) -- April 10, 2007 -- Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, today provided preliminary revenue results for 2006 and announced record transaction volume for March 2007. The company anticipates filing its 10-K on or about April 16, 2007 with the Securities and Exchange Commission (SEC).

Transax expects to report annual 2006 revenues of approximately $4.2 million, a 23% increase as compared to annual revenues of $3.4 million reported in 2005. For the second consecutive year the Company's Brazil operations remained profitable.

For the year ended 2006, the company recorded approximately 7.7 million real-time transactions, a 20% increase from 6.5 million transactions executed in 2005. Of the 7.7 million transactions, 4.9 million consisted of POS (Point of Sale) transactions, 2.0 million transactions from Servers and PC, and 0.8 million transactions via the company's proprietary Interactive Voice Response (IVR) solution. The Company began 2007 with over 6,000 solutions installed and operating in more than 5,000 medical provider locations in Brazil including 3,000 POS solutions.

Additionally, during March 2007, the company executed a record 800,000 transactions from its Brazil operations including more than 500,000 transactions from POS devices. The continued increase in transaction volume has resulted in strong positive cash flows for the company, with EBITDA above 25% for its operations.

Mr. Walters, President & CEO, commented, "As indicated by the preliminary results stated above, we are pleased with how our core business has grown during 2006. Recently, we filed an extension with respect to our 10-K filing with the SEC. They delay was due in part to the LOI signed on January 17, 2007 and the associated due diligence process which has not been finalized. As a result, we plan to file our 10-K within the time extension allowed."

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 credit card processing for the health insurance and providers industries. 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 and currently undertakes approximately 700,000 transactions per month, for which Transax receives on average approximately $0.60 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."

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