IRVINE, Calif., April 5 /PRNewswire-FirstCall/ -- Transax International Limited (“Transax”), (OTC Bulletin Board: TNSX; Frankfurt/Berlin: TX6) is pleased to advise that following appointment of Transfer Online Inc. as the new transfer agent the company has now re-entered the Depository Trust Company’s (“DTC”) electronic trading system.
Previously, the Company traded as “Certificate Only”, as all share certificates were stamped with the following legend: “Not to be registered in Cede & Co or any depository nominee”, effectively rendering the certificates ineligible for electronic trading. Brokers and the DTC will not accept the current certificates with the legend as it is.
All of Transax’s current certificates and predecessor company (Vega Atlantic Corporation) certificates must be exchanged for new “DTC” eligible certificates in order to qualify for transfer.
Detailed information, along with exchange instructions have been forwarded to every shareholder of record. Included is the package is a Letter of Transmittal to be completed and forwarded to the Company’s new Transfer Agent, Transfer Online Inc.
Both the Shareholder Letter and Letter of Transmittal can be viewed and downloaded from the Investor Relations section of the Company’s website, at the following address: http://www.transax.com/
About Transax International Limited: Transax is a premier international provider of information network solutions for healthcare providers and health insurance companies, enabling the “real-time” automation of routine patient eligibility verifications, authorization, claims processing and payment functions that are currently performed manually. The technology has been proven to significantly decrease health insurance claim expenditure and provides additional operational efficiencies for the health insurer. Transax “MedLink” solution has been specifically designed for the healthcare and health insurance industry to allow insurance companies, Health Maintenance Organizations, and other industry concerns to connect to healthcare providers and electronically undertake eligibility, authorization and processing of health claims in “real-time”. MedLink has been developed as a “Total Connectivity” solution where Transax is able to provide an insurer with the ability to cost effectively process all of the transactions generated in “real time” regardless of location or method of generation. Presently operational in Brazil, Transax currently undertakes approximately 200,000 transactions per month, has contracts in place for in excess of 2,500,000 transactions per month, and other potential contracts in various stages of negotiation.
For further information: Contact: Stephen Walters (President & CEO) or Nathalie Pilon (CFO) Phone: (1) 949.623.8316 Fax: (1) 949.623.8305 Web Site : http://www.transax.com/ Email : info@transax.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.”
Transax International Limited
CONTACT: Stephen Walters, President & CEO, or Nathalie Pilon, CFO, bothof Transax International Limited, +1-949-623-8316, or Fax, +1-949-623-8305
Web site: http://www.transax.com/
