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Transax International: Transax International Sells 45% of Brazil Operations for U.S. $3.2 Million Plus Performance Bonus, With Option for 55% Balance
MIAMI, FL (MARKET WIRE) Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, announced today it has signed a stock purchase and option agreement to sell 45% of its Brazil operations for U.S. $3.2 million. The Company would also receive a performance bonus, depending on transaction volumes reached during 2008, which could be worth up to an additional U.S. $1.2 million.
Marketwire.com

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