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PR Newswire; 1/12/2006


-- Full Year (Unaudited) 2005 Revenues Increase +210% -- 2005 Transaction Volume Up +130% -- 6.5 Million "Real Time" Transactions undertaken in 2005 -- Over 5,350 Solutions Installed and Operating

MIAMI, Jan. 12 /PRNewswire-FirstCall/ -- Transax International Limited (BULLETIN BOARD: TNSX) , a network solutions company for healthcare providers and health insurance companies, is pleased to announce that it recorded approximately 6.5 million "real time" transactions during all of 2005, representing a 130% increase from the 2.8 million transactions undertaken in 2004.

At the end of 2005, Transax had approximately 5,350 solutions installed and operating throughout Brazil. This includes the installation during 2005 of over 1800 new solutions into medical care provider locations along with over 1060 new POS installations where a single POS is being used by multiple clients for "real time" adjudication of health claims. Also during the year, the company integrated all of the major medical laboratories in Brazil, which are undertaking "real time" transactions using the company's proprietary server solution on behalf of its clients.

Transax expects to report annual 2005 revenues of US$3.4 million, a 210% increase as compared to annual revenues reported in 2004.

Commenting on the preliminary annual results for 2005, Stephen Walters, President & CEO of Transax, stated, "With our Brazil unit now experiencing positive cash flow, the company's focus in 2006 is to expand business into new markets. We are currently in discussion with a number of major insurers who realize the many benefits of undertaking 'real time' authorization and adjudication of medical claims that can save a significant amount in administrative costs and claims processing. During the first quarter 2006, Transax expects to announce a number of significant pilot projects with potential new clients."

Walters further commented, "New business in 2006 will be augmented by positive transaction volume and revenue growth as our roll out continues on current contracts."

At the end of 2005, Transax Directors and Officers retired some US$51,000 of short-term debt by conversion to restricted common stock of the corporation. Directors and Officers currently hold some 8.5 million shares of Transax or about 27% of the company's issued capital.

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 US 55cents per transaction.


Web Site : http://www.transax.com/ or http://www.otcfn.com/tnsx
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