8-K

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported)
                                                 -------------------------------


                              TRANSNET CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


     DELAWARE                            0-8693                  22-1982295
- --------------------------------------------------------------------------------
(State or other jurisdiction          (Commission              (IRS Employer
of incorporation)                     File Number)           Identification No.)


         45 COLUMBIA ROAD, SOMERVILLE, NJ                          08876
- --------------------------------------------------------------------------------
     (Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code   (908) 253-0500
                                                   -----------------------------


- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

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 (see General Instruction A.2. below):

[ ] 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(c) under the Exchange
Act (17 CFR 240.13e-4(c))



ITEM 9.  REGULATION FD DISCLOSURE


On September 2, 2004, TransNet Corporation issued a press release announcing the
results of the fiscal year ended June 30, 2004. A copy of the press release is
attached as Exhibit 99.1.





                                   SIGNATURES


Pursuant to the requirement 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.

                                           TransNet Corporation
                                           (Registrant)

Date  September 3, 2004
    --------------------------
                                           /s/ Steven J. Wilk
                                           -------------------------------------
                                           Steven J. Wilk
                                           President and Chief Executive Officer

EX-99.1

                                                                    Exhibit 99.1

                  TRANSNET CORPORATION REPORTS YEAR END RESULTS



/FOR IMMEDIATE RELEASE/                                  CONTACT: Steven J. Wilk
                                                                  (908) 253-0500


Branchburg, New Jersey, September 2, 2004: TRANSNET CORPORATION (OTCBB: TRNT)
announced its results for the fiscal year ended June 30, 2004.

For the fiscal year ended June 30, 2004, TransNet reported a net loss of
$1,128,549 or $0.24 per share, on revenues of $30,599,664, as compared with a
net loss of $1,212,629 or $0.25 per share, on revenues of $32,799,020 for the
fiscal year ended June 30, 2003.

Steven J Wilk, President, stated, "Fiscal 2004 presented opportunities that were
a mirror image of the previous year. As a result, our performance was indeed
similar. The continuation of slow IT spending was persistent throughout our
industry.


"In the last quarter of fiscal 2004, however, we experienced a significant
increase in interest and quoting activity for our internet telephony and network
solutions from both commercial and educational clients. Based on recent
activity, we are confident that we will return to profitability for the
September quarter. In addition, our existing clients have requested our
assistance in enhancing their help desk support solutions. We believe many of
these clients are preparing to increase their budgets for long-term support
contracts. In this regard, we are pleased to announce that we have recently been
awarded a contract with a global personal care client for over $2,000,000 per
year in support services starting in the second half of fiscal 2005.

"During the past three years, TransNet has been at the forefront of investing in
and developing our skills in providing internet telephony solutions. We believe
we are entering a period in which this investment will benefit our shareholders
and clients alike. We continue to direct our focus to those technologies and
solutions that our clients have asked us to provide and that represent solid
long-term opportunities - not what seems to be the "technology of the day."

 "We are optimistic about our future, having combined the best technology with
the best people, and we thank our shareholders for their support. In June 2004,
we paid a special dividend of $.07 per share. We look forward to renewed success
and the possibility of future special dividends."



ABOUT TRANSNET

TransNet Corporation is a leading IT support organization for corporate and
educational clients. TransNet provides sophisticated solutions, including system
design and integration, help-desk support services and end-user training. Its
clients include Fortune 100 organizations, primarily in the pharmaceutical, oil
and gas, finance and communications industries, as well as educational and
governmental institutions.

"SAFE HARBOR"  STATEMENT UNDER THE PRIVATE  SECURITIES  LITIGATION REFORM ACT OF
1995:  THE STATEMENTS  CONTAINED IN THIS PRESS RELEASE THAT ARE  FORWARD-LOOKING
STATEMENTS ARE BASED ON CURRENT  MANAGEMENT  EXPECTATIONS  THAT INVOLVE RISK AND
UNCERTAINTIES.  POTENTIAL RISKS AND UNCERTAINTIES  INCLUDE,  WITHOUT LIMITATION:
THE  IMPACT  OF  ECONOMIC   CONDITIONS   GENERALLY   AND  IN  THE  INDUSTRY  FOR
MICROCOMPUTER  PRODUCTS  AND  SERVICES;  DEPENDENCE  ON KEY  VENDORS;  CONTINUED
COMPETITIVE  AND PRICING  PRESSURES IN THE INDUSTRY;  PRODUCT SUPPLY  SHORTAGES;
OPEN-SOURCING   OF  PRODUCTS  OF  VENDORS;   RAPID   PRODUCT   IMPROVEMENT   AND
TECHNOLOGICAL  CHANGE,  SHORT  PRODUCT  LIFE CYCLES AND  RESULTING  OBSOLESCENCE
RISKS; LEGAL PROCEEDINGS;  CAPITAL AND FINANCING  AVAILABILITY;  AND OTHER RISKS
SET FORTH IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

                                 (Table follows)

                       TRANSNET CORPORATION AND SUBSIDIARY

                                                        Twelve Months Ended
                                                             June 30,
                                                      2004              2003
                                                      ----------------------

Revenue                                            $$30,599,664     $32,799,020
Pre-Tax (loss)                                      ($1,128,549)    ($1,212,629)
Net (loss)                                          ($1,128,549)    ($1,212,629)
Basic and diluted net loss per share                     ($0.24)         ($0.25)
Weighted average shares outstanding:
   Basic                                              4,779,973       4,774,804
   Diluted                                            4,779,973       4,927,225


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