SOURCE: Transax International

July 11, 2007 09:13 ET

Transax International Reports Record Preliminary Second Quarter Results

- Record 2.16 Million Transactions Executed in Second Quarter 2007 -

MIAMI, FL--(Marketwire - July 11, 2007) - Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, today reported preliminary revenue and record transaction volume for the second quarter of 2007.

During the first half of 2007, Transax processed a record 4.25 million transactions, compared to 3.75 million for the first half of 2006, an increase of 14%. The Company anticipates reporting record net revenues for the second quarter of 2007.

The Company expects revenues will continue to increase for the remainder of 2007 as previously announced contracts are implemented. Based on its second quarter 2007 results, the company received an average of $0.57 per transaction with and its operations ran an EBITDA of 32%.

During the second quarter 2007, Transax Brazil subsidiary was certified by a number of leading health insurance companies in Brazil to undertake real time transactions in that country's newly implemented health standard protocol (TISS).

The Company currently has over 7,000 solutions operational in Brazil including 3,250 Point of Sale (POS) terminals and 3,400 Interactive Voice Response (IVR) solutions. During the quarter, the company installed a further 700 solutions. The company has seen a rapid increase of its proprietary Web solution for undertaking "real time" healthcare claims. Further installation of the Web solutions throughout 2007 is expected to improve bottom-line performance in reducing capital costs.

Stephen Walters, President & CEO of Transax, commented, "During the second quarter 2007, we continued to roll out previously announced contracts which resulted in a continued increase in transaction volume. The company intends to capitalize on it being one of the few companies in Brazil able to undertake real time healthcare claims under that country's newly implemented health protocol by undertaking an aggressive marketing campaign to generate new business."

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 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 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 Information