U.S. SECURITIES AND EXCHANGE COMMISSION


                            Washington, D.C. 20549


                                   FORM 8-K


                                CURRENT REPORT


                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


                         Date of Report: April 6, 2005


                        TRANSAX INTERNATIONAL LIMITED
              __________________________________________________
       (Exact Name of Small Business Issuer as Specified in its Charter)


                                   COLORADO
                   ________________________________________
             (State or other Jurisdiction as Specified in Charter)


            00-27845                                    84-1304106
                  __________________________________________
    (Commission file number)           (I.R.S. Employer Identification No.)


                       8TH Floor 5201 Blue Lagoon Drive
                                Miami FL 33126
                        _______________________________
                   (Address of Principal Executive Offices)


                                 305-629-3090
                             ____________________
                          (Issuer's telephone number)

Check  the  appropriate  box  below  if  the  Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any  of
the following provisions:

[  ]  	Written communications pursuant to Rule 425 under the Securities Act
	(17 CFR 230.425)
[  ]  	Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act
	(17 CFR 240.14a-12)
[  ]  	Pre-commencement  communications pursuant to Rule 14d-2(b) under the
	Exchange Act (17 CFR 240.14d-2(b))
[  ]  	Pre-commencement  communications  pursuant  to Rule 13e-4{copyright}
	under the Exchange Act (17 CFR 240.13e-4(c))



ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ON APRIL 6, 2005, THE BOARD OF DIRECTORS OF TRANSAX INTERNATIONAL LIMITED, A
COLORADO  CORPORATION  (THE "COMPANY"), MADE A PUBLIC ANNOUNCEMENT AND PRESS
RELEASE  DISCLOSING  MATERIAL NON-PUBLIC INFORMATION REGARDING THE COMPANY'S
RESULTS OF OPERATIONS FOR THE FIRST -QUARTER ENDED MARCH 31, 2005.

THE PRESS RELEASE DATED APRIL 6, 2005 OF THE COMPANY IS FILED AS EXHIBIT 2.1
TO THIS CURRENT REPORT ON FORM 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

2.1 News Release of Transax International Limited dated APRIL 6, 2005.



SIGNATURES

In  accordance with the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.


                                  Transax International Limited


Date:  APRIL 6, 2005              By:/s/ Stephen Walters
                                  ------------------------
                                  Stephen Walters
                                  President and Chief Executive Officer