FreeStar Technology Corporation (OTCBB:FSRT), an international card payments processor and technology company, today announced that its wholly owned subsidiary, Rahaxi Processing Oy (Rahaxi), has entered in to an agreement with FuturSoft Oy, (FuturSoft) a leading provider of information technology and software solutions for the automotive industry in Finland.
The agreement enables Rahaxi to provide FuturSoft's client base with its wide variety of international standard services, including fast, secure and reliable on-line card payment processing. The agreement will allow Rahaxi access to new merchants and will increase its established merchant base substantially. With its ongoing commitments to EMV compliance and services development, Rahaxi will be well on its way to occupying a unique niche in the Finnish, Scandinavian and the Baltic markets.
Mr. Fionn Stakelum, Operations Director of Rahaxi, said, "This is a significant development for Rahaxi; the agreement with FuturSoft will enable Rahaxi to access a merchant base that includes such household names as AD and Biltema. Together with Futursoft, we plan to deliver the highest possible services to our merchants and continue to drive our growing domestic operations in Finland."
Mr. Mikko Pohjanharju, Managing Director of FuturSoft Oy, states, "We are delighted with the Rahaxi agreement, after a long and arduous search we are now able to offer our clients the value added feature of online processing utilizing Rahaxi's electronic payment processing services."
About FuturSoft
Based in, Helsinki, Finland, FuturSoft Oy, founded in 1998, is a leading software company specializing in providing information technology and software solutions to the automotive industry in Finland. Futursoft currently has a customer base of over 700 companies in Finland, Sweden and Estonia. FuturSofts clients include amongst others hardware stores, automotive workshops and, spare part dealers. FuturSoft's customers include companies such as Biltema http://www.biltema.com, Bosch Car Service, AD workshop chain, Osaset spare part chain and the largest bicycle retailer in Finland, Suomen Polkupyoratukku. For more information, please visit FuturSoft Oy's website at http://www.futursoft.fi.
About FreeStar Technology Corporation
FreeStar Technology is a payment processing and Technology Company with its main operations coming through its wholly owned subsidiary Rahaxi Processing Oy, a robust Northern European BASE24(R) credit card processing platform based in Helsinki, Finland. Rahaxi Processing OY currently processes in excess of 1,000,000 card payments per month for an established client base that comprises companies such as Finnair, Ikea, and Stockmann. FreeStar is focused on exploiting a first-to-market advantage for its Enhanced Transactional Secure Software (ETSS), which is a software package that empowers consumers to consummate e-commerce transactions with a high level of security using credit, debit, ATM (with PIN) or smart cards. The company, based in Santo Domingo, Dominican Republic, maintains satellites offices in Dublin, Ireland, Helsinki, Finland, and Geneva, Switzerland. For more information, please visit FreeStar Technology's websites at http://www.freestartech.com and http://www.rahaxi.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.
SOURCE: FreeStar Technology Corporation
FreeStar Technology Corporation, Santo Domingo, Dominican Republic Mr. Fionn Stakelum, +353-1-602-4757 fstakelum@freestartech.com or FuturSoft Oy Mr. Mikko Pohjanharju, +358-50-305-2261 mikko.pohjanharju@futursoft.fi Copyright Business Wire 2005
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you. Posts: 551 | From: Wisconsinite | Registered: Oct 2003
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