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::: 09/12/2008
Rahaxi, Inc. Reports Consistent Growth in Its Core Transaction and Processing and Related Revenue
[Press Release]::: 03/12/2008
Rahaxi, Inc. Signs a Lucrative Service Agreement With Pure Commerce for Expansion of Business Within the Caribbean and Latin America
[Press Release]
| Symbol: | RHXI.OB | | Date: | 1/5/2009 | | Trade Time: | 3:42pm | | Last Trade: | 0.12 | | Change: | 0.00 | | High: | 0.12 | | Low: | 0.08 | | Volume: | 245180 |
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Press Release
Year 2008 / Thursday November 20, 3:30 pm ET
 FreeStar Announces Stockholder Approval of Name Change and Reverse Split
DUBLIN, Ireland, Nov. 20 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News) today announced that its stockholders have approved by written consent a name change of the Company to "Rahaxi, Inc." as well as a 1-for-3 reverse stock split of its common stock. The Company has filed an amendment to its Articles of Incorporation to implement these changes, which will become effective prior to the open of the markets on Friday, November 21, 2008.
In connection with the name change and reverse stock split, the Company has been assigned a new trading symbol "RHXI".
Paul Egan, FreeStar's Chief Executive Officer, stated, "I am pleased to announce the approval of the reverse stock split and name change. We believe that the Rahaxi brand has considerable goodwill, particularly in the European markets. The name change will allow the Company to more consistently promote a unified brand for our products and services, both in Europe and in the Latin America."
Holders of certificated shares will receive a letter from the Company's transfer agent, First American Stock Transfer, providing instructions on how to exchange their current stock certificates for new stock certificates reflecting the name change and the new CUSIP number that was also assigned. If a certificated holder does not receive such letter within 20 days, holders should contact the transfer agent directly.
Source: FreeStar Technology Corporation
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