SOURCE: Transax International

September 19, 2007 08:45 ET

Transax International Subsidiary Medlink Signs Contract With Caixa Cubatão in Brazil

MIAMI, FL--(Marketwire - September 19, 2007) - Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, announced today that its wholly owned Brazilian subsidiary, Medlink Conectividade em Saúde Ltda (Medlink), has signed a contract to provide healthcare connectivity services to Caixa de Previdência dos Servidores Municipais de Cubatão (Caixa Cubatão), a regional municipality in São Paulo state, Brazil.

Caixa de Previdência dos Servidores Municipais de Cubatão is a self-managed healthcare company based in the city of Cubatão, São Paulo state, Brazil providing coverage for 13,000 lives. It offers medical assistance through a network of hospitals, dentists, psychologists and speech therapists.

Snr Luiz Carlos Oliveira, Caixa Cubatão's superintendent stated, "Our company chose Medlink as the connectivity solutions provider because it fulfills our expectations concerning integration between the procedures and billing authorization online and in real-time. In addition, Medlink reduces the operational costs for Caixa Cubatão and eliminates rejection of claims to medical providers." Snr Luiz Carlos Oliveira continued, "Caixa Cubatão will adopt the entire suite of Medlink´s solutions, from Point of Sale (POS) to its cost efficient web solutions."

Américo de Castro, Medlink´s president in Brazil stated, "The connectivity service provided by Medlink respects the pre-existing benefits offered by Caixa Cubatão´s healthcare plans. It is a precious tool for the regulation of medical bills and eliminates the errors associated with data input at a medical provider's location. Medlink has a wide, diverse group of solutions that were developed to operate in any kind of medical provider´s environment. MedLink´s connectivity captures 100% of medical procedures and allows the previous authorization of each one of the services. Thus, the healthcare company receives 100% of connectivity's benefits."

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 750,000 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."

Contact Information