IRVINE, Calif., Sept. 1 /PRNewswire-FirstCall/ -- Transax International Limited ("Transax") (OTC Bulletin Board: TNSX; Frankfurt/Berlin: TX6) announced today that it has retained Mirador Consulting, Inc. ("Mirador"), a Florida-based corporate consulting firm, to establish a nationwide investor relations program.
Working in conjunction with the Transax management team, Mirador will implement a five-pronged investor relations campaign, including outreach initiatives targeting retail stockbrokers, business press, existing shareholders, and online investor sites. The campaign will emphasize Transax competitive advantages in the marketplace for "On Line and Real Time" healthcare transactions and the Company's strategies to increase its revenue and cash flow and expansion to the USA market.
Stephen Walters, President & CEO of Transax, stated: "Transax intends to shortly establish a pilot operation of its solution specifically for the USA market. This program undertaken by Mirador will emphasize the unique technology solutions developed by the company and its progress in 2004." Walters further stated: "As part of the company's expansion, Transax is in discussions with a number of groups and other interested parties in the USA regarding joint ventures and potential partnerships for the USA expansion of its business."
Mirador Consulting Inc. is a full-service corporate consulting firm specializing in micro-cap and middle market NASDAQ-listed companies. Mirador helps to provide nationwide representation to members of the investment community.
Contact: Mirador Consulting Inc. Casey Burt 877/MIRADOR - +1-877-647-2367 cb@miradorconsulting.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 300,000 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.
Web Site : http://www.transax.com/ Email : info@transax.com Investor Relations Inquiries Empire Relations Group, Jericho, New York Contact Kenneth Maciora, Tel: (516) 750-9719 Email: Empirerelations@aol.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 LimitedCONTACT: Investors Relations, Kenneth Maciora of Empire Relations Group,+1-516-750-9719, Empirerelations@aol.com, for Transax International Limited
Web site: http://www.transax.com/
