Transax Technologies Inc. announce new investments totaling two hundred fifty thousand dollars to develop the KwikX Interactive(TM) module



    VARENNES, QC, March 6 /CNW Telbec/ - Transax Technologies Inc., a
Canadian leader of payment processing applications, announce new investments
of two hundred fifty thousand dollars (250,000$) to develop the KwikX
Interactive(TM) module. These investments are added to the half a million
dollars (500,000$) already invested in the KwikX(TM) platform in 2006.
    "Since we have proven the effectiveness and stability of our payment
platform, processing over twelve million (12,000,000) transactions last year
with peaks of sixteen (16) simultaneous transactions per second over the
Christmas period, we were ready to add more features to KwikX(TM). The KwikX
Interactive(TM) module will enable us or the retailer to download advertising
on a flat screen facing the customers at the point of sale. The innovations
reside in the interaction with the consumer selecting its ad & coupon and our
capacity to manage this interaction in real time by the power of our proven
platforms", mentioned Alain Boucher, chief technology officer of Transax
Technologies.
    These investments would have not been possible without the contribution
of CLD de Lajemmerais and the "Fonds d'expérimentation en multimédia", a
Canada Economic Development program managed by Alliance numeriQC". "Without
the implication of these various partners, it would have been almost
impossible to further the development of our innovations" mentioned Alain
Boucher.

    About Transax Technologies

    Transax Technologies is a Canadian company specializing in the sale and
service of ATMs (Automatic Teller Machines) and point-of-sale terminals (POS
terminals). Through its KwikX(TM) proprietary interconnection platform,
Transax Technologies is able to aggregate all type of transactions sending
them for real time authorizations to the appropriate host. This platform also
provides for the rapid integration of any point-of-sale system to any type of
payment method.




For further information:

For further information: M. Alain Boucher, Chef des technologies,
Transax Technologies, 1 866 322 0221, alain.boucher@transax.net;
www.transax.net

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TRANSAX TECHNOLOGIES INC.

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