Transax International Ltd. Interviewed by Traders Nation(TM)
Transax International Ltd. Interviewed by Traders Nation(TM)
MIAMI, Nov. 22 /PRNewswire-FirstCall/ -- Transax International Limited (BULLETIN BOARD: TNSX) , a network solutions company for healthcare providers and health insurance companies, announced today that on Friday, November 18, 2005, President Stephen Walters was interviewed by Kurt Schemers on Traders Nation(TM), a popular syndicated investment-oriented radio and television talk show airing "live" five days per week. To listen to a rebroadcast of the interview, visit: http://www.otcfn.com/tnsx .
During the Traders Nation interview, Walters discussed Transax's aggressive growth strategies, recent developments, and future growth prospects of the Company. With only 25% of existing contracts rolled out to-date, the Company expects revenue to be in the range of $3.5-3.6 million for fiscal 2005. Continuous roll out of solutions to current customers during 2006 and beyond will generate up to $15 million annually in revenues.
The majority of Transax's current operations are underway in Brazil, the largest country in South America, with contracts for 2.5 million transactions per month currently in place when fully rolled out. Additionally, Transax is marketing its network solutions outside of Brazil, including in the United States, where a pilot testing program with a Florida-based dental group is currently being finalized. Transax's proprietary solutions streamline the adjudication process, providing seamless eligibility approvals, authorization and auto-adjudication of the health claim.
About Traders Nation(TM)
Traders Nation Television broadcasts through partner Streetcast Television, which is currently seen four days each week on America One Cable, a 24-hour broadcast network that provides programming to over 30 million households via 127 broadcast affiliate stations located in 40 states. Traders Nation broadcasts are fed on the New York ABC's Starguide Satellite System, which can be received by over 4,000 radio stations across the United States. The Company's station affiliates capture Traders Nation for either a simulcast or rebroadcast of the show.
Traders Nation is heard by tens of thousands of end users via QuoteStream online financial software and is Apple's iTunes only pre-select financial talk show listed. Multiple segments make up the "live" hour-long Traders Nation program where listeners hear the latest small cap news of the day and scheduled guests, from industry experts and CEOs. Traders also share investing, trading strategies and potential hot stock plays throughout the call-in portion of the show. For more information, visit: http://www.tradersnation.com/ . For full disclaimer information, visit http://www.tradersnation.com/disclaimer.shtml .
About Transax International Limited
Transax provides network solutions to healthcare providers and health insurance companies. Utilizing its proprietary 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 -- all instantaneously in "real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health insurance claim expenditures. Based in Miami, 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 for up to 2,500,000 transactions per month and currently undertakes approximately 600,000 transactions per month. Transax receives approximately US55cents per transaction.
Web Site: http://www.transax.com/ or http://www.otcfn.com/tnsx
Email: info@transax.com
Investor Relations Inquiries
OTC Financial Network
300 Chestnut St, Suite 200
Needham, MA 02492 USA
Tel: 561-837-8057
Jamie Dryer
Email: jamie@otcfn.com
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."
Source: Transax International Limited
CONTACT: Investor Relations, Jamie Dryer, OTC Financial Network,
+1-561-837-8057, or jamie@otcfn.com, for Transax International Limited
Web site: http://www.transax.com/
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