Press Release

Year 2009 / Thursday February 19, 4:30 am EST

Update: ChinaPay and Rahaxi Platform to Leverage Hotels, Airlines and Car Hire in European Market in Its First Phase

HELSINKI, FINLAND--(MARKET WIRE)--Feb 19, 2009 -- Rahaxi Inc. (OTC BB: RHXI.OB - News), an international card payments processor and technology company, today announced that it has signed up the Irish based Hotel Group Carlton Hotels to its Ecommerce ChinaPay program. The program is designed to enable suitable merchants based in the EU region, to gain access to the previously inaccessible but lucrative Chinese online market.

The Agreement allows Carlton Hotels and its partner programs to gain access to millions of Chinese tourists wishing to book their visits to Europe and Ireland. Rahaxi and China Pay plan to offer the online program to selected merchants in the hospitality industry and expanding to other online services such as high street retail and others.

Paul Egan, CEO and President of Rahaxi Inc., said, "This is a significant moment in Rahaxi's history. By teaming up with Carlton hotels we prove that our ChinaPay offering is of a significant commercial interest to EU entities wishing to leverage the Chinese Online Market." Egan continued, "The significant investment to date is reaping rewards and this trend is set to continue well into the future. Rahaxi is planning to boost its revenue significantly in 2009 as a result of its online and retail offering of CUP Cards acceptances to Chinese tourists and business travellers visiting European destinations and Merchants."

Kevin O'Driscoll, Managing Director of the Carlton Hotel group, said, "We are pleased to avail of Rahaxi's ChinaPay program today. One of our aims for this year is to boost traffic through our hotels and this is certainly a positive step to this end. The Chinese online community is a substantial market and one which Carlton Hotel group wishes to maximise the potential of as much as possible."

About Carlton Hotel Group

The Carlton Hotel Group is an Irish owned company with 8 luxury four star properties in stunning locations throughout Ireland.

Carlton hotels are renowned for quality and service and with locations from Dublin to Donegal, Westport to Wexford, Kildare to Kinsale, Galway and the newly acquired Carlton hotel in Castletroy in Limerick. They offer a venue to suit every occasion.

For more information, please visit http://www.carlton.ie

About ChinaPay

Founded in 1999, ChinaPay, the online payment subsidiary of China UnionPay, is a government-backed, cross-bank bank card information switch network and professional internet payment service provider. Supported by People's Bank of China and China UnionPay, combining advanced electronic payment technology and professional financial service, ChinaPay is able to provide all cardholders and merchants with safe bank card payment and fund settlement services. Based on new channel such as internet, ChinaPay, which has a unified national payment platform, engages in online e-payment service, telephone payment, inter-bank transfer, online fund trade, self-service terminal and other alternative online payment methods and value-added services. http://www.chinaunionpay.com/

Source: Rahaxi, Inc.