FreeStar Technology Corp’s Rahaxi Processing Oy Launches Multi-Currency Enabled IP Solution in Denmark



Major Milestone Achieved; Transactions and Deployment in Three Major
European Hubs: Spain, Iceland and Denmark

HELSINKI, Finland, May 7 /PRNewswire-FirstCall/—FreeStar Technology
Corp. (OTC Bulletin Board: FSRT), an international card payments processor
and technology company, today announced that its Finnish-based,
wholly-owned subsidiary, Rahaxi Processing Oy has successfully launched its
Multi-Currency cross border solution in Denmark. The current clients
benefiting from FreeStar’s cross border offering are Copenhagen Souvenirs,
B&O;and Gullachsen, which will expand Freestar’s cross border offering
roll-out to several hundred locations in Denmark. The IP solution is part
of FreeStar’s overall expansion and strategic investment strategy that
encompasses the wider European area and will serve to strengthen its
footmark as a genuine cross border payment solutions provider. Through its
partner in Denmark, CTcoin, FreeStar expects to maximise the revenue
potential to be earned in this lucrative market.

Paul Egan, CEO of FreeStar, says, “This opportunity represents our move
into the European payments landscape. Our cross border initiatives are
aggressive and continue to build on our success in Spain, Iceland and now
Denmark. CTcoin is a strategic partner for us, considering their vast
knowledge of the Scandinavian market, in particular the Danish market. They
are an established player in Denmark and by partnering with them,
FreeStar’s plans of expansion in the region are well supported as we move
forward.”

CTcoin said, “We are very pleased to be supporting FreeStar in the
Danish market and we will enjoy a fruitful relationship as we move forward
in other markets. We plan to grow with FreeStar not only in Denmark but in
other markets where we have a presence. All in all it is an exciting time
for CTCo to be partnering a global player such as FreeStar.”

About FreeStar Technology Corporation

FreeStar Technology Corp. provides mission-critical solutions to the
financial industry worldwide. Working with merchants and acquirers in more
than twenty countries, its product suite has empowered partners to focus on
their core competencies, while its innovative driven approach has enabled
them to benefit from first to market advantage and realize their true
potential. FreeStar Technology has adopted a partnership strategy for
growth. Its partners are market leaders in their respective industries.
These include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxi
Processing Oy., Finland, FreeStar Technologies Ireland, Ltd., and FreeStar
Dominicana S.A. Dominican Republic, continue to develop and implement first
class products and solutions that enhance the service level its partners
can offer their customers.

For more information, please visit http://www.freestartech.com and
http://www.rahaxi.com.

About CTcoin

CTcoin has evolved from a small family owned business in the seventies
to becoming one of today’s leading suppliers of cash handling products.
CTcoin is an established company with more than 70 employees and is
exporting through a network of distributors to more than 40 countries
around the world. In Denmark, CTcoin has evolved to becoming a large
competitor in the market of credit card terminals, paper rolls and other
cash handling products for the banking and financial sector, detail stores
and for the hotel and restaurant industry. CTcoin is the only company that
offers 24 hours countrywide service and support. For more information,
please visit http://www.ctcoin.com.

Forward Looking Statements

Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to
the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives of
the companies, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially
from those anticipated in such statements. Technical complications that may
arise could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The companies caution that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in FreeStar’s Form 10-KSB
filing and other filings with the U S. Securities and Exchange Commission
(available at http://www.sec.gov). FreeStar undertakes no obligation to
publicly update or revise any statements in this release, whether as a
result of new information, future events, or otherwise.

For more information, please contact:

FreeStar Technology Corporation
Dr. Jose Enrique Perez
Managing Director - Rahaxi Processing Oy
Tel. +358-50-532-1138
Email:

SOURCE FreeStar Technology Corp.