Press Release

Year 2008 / Wednesday January 30, 12:07 pm ET

FreeStar Technology Corporation Reaffirms Commitment to Growth Agenda

DUBLIN, Jan. 30, 2008 (PRIME NEWSWIRE) -- FreeStar Technology Corporation (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today reiterated its plans to grow the company, in response to numerous inquiries surrounding its January 23 announcement.

''We are committed to growing our business by developing new products and services, and increasing our client base, while also increasing revenue from existing product lines,'' said Paul Egan, CEO of FreeStar Technology Corporation. ''We are seeing increased interest in our international card processing business and are encouraged by ongoing discussions with strategic business partners in the form of new contract relationships and investment opportunities. As these contracts and other agreements are completed, we will announce them immediately.''

He continued to explain, ''FreeStar has been working on several different contracts for the past two years expanding its reach to international markets. We are on the verge of rolling out new products that will increase our revenue model. Our partners are blue chip clients and FreeStar respects their request for confidentiality during project implementation and will inform investors once current projects are completed. We expect to anounce these milestones sooner rather than later and we appreciate our investor support and understanding.''

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

Source: FreeStar Technology Corporation