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: July 27, 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.) 5201 Blue Lagoon Drive, 8th Floor 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 JULY 27, 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 SECOND-QUARTER ENDED JUNE 30, 2005. THE PRESS RELEASE DATED JULY 27, 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 JULY 27, 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: JULY 27, 2005 By:/s/ Stephen Walters ------------------------ Stephen Walters President and Chief Executive Officer