MIAMI, Sept. 9 /PRNewswire-FirstCall/ -- Transax International Limited , a transaction solutions company, announced today that it will attend the Arch Investment Conference, September 13, 2005 at the Hotel Plaza Athenee in New York.
Stephen Walters, Transax CEO, will present on September 13, 2005 to discuss the Company’s current operations, proprietary technology, including its new cost-saving software, MedLink, and Company growth strategies.
Tobin Smith of ChangeWave is the featured guest panelist at the Arch Investment Conference. Thom Waye, Managing Partner, Sigma Capital Partners, will deliver the luncheon keynote address at the event. Co-sponsors of the conference include: Tobin Smith and ChangeWave, BusinessWire, Investrend Research, Market-Harmonics, Hawk Associates and The Seasoned Speculator, and attendance at the event is by invitation only.
For additional information, contact James Dryer, Investor Relations for Transax, at: Jamie@otcfn.com or (561) 837-8057. To request an invitation or for detailed information, interested parties may contact: German de la Roche at german@archconferences.com or (212) 937-0636.
Transax CEO Stephen Walters said, “Investment conferences are an important opportunity to connect with investors and the financial community in a way that allows them to appreciate the benefits of our software solutions up close. We look forward to fielding questions from Wall Street and demonstrating our proprietary MedLink -- software that is poised to transform the healthcare-related billing and provide substantial cost savings to medical facilities, insurers and payors alike.”
MedLink is Transax’s “Total Connectivity” solution, linking insurers and providers seamlessly and allowing healthcare providers to easily capture, route, authorize and adjudicate medical, hospital and dental claims. Transax’s proprietary MedLink solutions provide a universal, virtual link between healthcare providers and insurers, tailored to the needs of healthcare providers, insurers and payors, significantly increasing operating efficiencies while lowering costs as compared to traditional billing and reimbursement strategies.
About Arch Investment Conferences
Arch Investment Conferences, Inc. is an investment conference company providing services to small-cap and micro-cap companies from around the world.
Based in New York, Arch is a premier sponsor of investment conferences reaching the institutional and retail investor community in New York. Arch is a bridge between companies and investors, helping public companies reach the investment community. Arch helps companies reach investors by hosting exclusive events for companies looking to build market support, raise capital, and increase awareness in their stories. Arch is dedicated to bridging the gap between companies and fund managers, analysts, investment bankers, brokers and the rest of the financial community in New York. For more information, visit: http://www.archinvestmentconferences.com .
About Transax International Limited
Transax International Ltd. provides network solutions to healthcare providers and health insurance companies. Utilizing its proprietary technology, Transax provides a service similar to 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 30 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 about US50 cents 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 that could cause actual results to differ materially from those in the forward-looking statements contained herein.”
Transax International Limited
CONTACT: Jamie Dryer, OTC Financial Network, +1-561-837-8057, orjamie@otcfn.com, for Transax International