忍者ブログ

ニュースリリースのリリースコンテナ第一倉庫

ニュースサイトなど宛てに広く配信された、ニュースリリース(プレスリリース)、 開示情報、IPO企業情報の備忘録。 大手サイトが順次削除するリリースバックナンバーも、蓄積・無料公開していきます。 ※リリース文中の固有名詞は、発表社等の商標、登録商標です。 ※リリース文はニュースサイト等マスコミ向けに広く公開されたものですが、著作権は発表社に帰属しています。

2025'07.19.Sat
×

[PR]上記の広告は3ヶ月以上新規記事投稿のないブログに表示されています。新しい記事を書く事で広告が消えます。

2007'02.01.Thu
Freestar Technology Reports Revenue Rises 19% In Third Quarter Of 2006, Ended March 31
May 26, 2006

Transactions Processed Climbs 18% to 4.07 Million
    Highlights of Third Quarter, Ended March 31

    -- Revenue rose more than 19% to $494,296 from
third-quarter 2005

    -- Transactions processed climbed 18% to 4.07 million
from 3.45 million a year ago

    Highlights of Nine Months, Ended March 31

    -- Revenue increased more than 39% to $1.67 million
from $1.20 million in the same period a year ago

    -- Transactions processed advanced more than 15% to
13.3 million from 11.5 million in the prior nine-month
period
 

    SHANGHAI, China, May 26, /Xinhua-PRNewswire/ --
FreeStar Technology Corp. (OTC Bulletin Board: FSRT), an
international card payments processor and technology
company, reported earlier this week its financial results
for the third quarter of its 2006 fiscal year, ended March
31, 2006.  

    Revenue in the period rose more than 19% to $494,296
from $412,778 in the comparable period of fiscal 2005.  The
company explained that the revenue gains reflect an increase
in fees obtained from development and consulting services as
well as processing fees generated by the company's
subsidiary Rahaxi Processing Oy. 

    The number of transactions processed increased 18% to
4.07 million during the quarter from 3.45 million during
the comparable period of the prior year.

    Net loss for the period narrowed 65% to $2,216,696, or
$0.01 per share from $6,413,501 or $0.08 per share a year
ago. 

    FreeStar Technology President and CEO Paul Egan said,
"We are pleased to report another quarter of steady
progress in operations and in executing our business
strategy.  Operationally, sales and volume continue to
grow, and we reduced our quarterly losses by 65% compared
to the comparable quarter of last year."

    "Strategically," he added, "we
strengthened our balance sheet significantly during the
quarter.  Moreover, we achieved a significant technological
advance, when Rahaxi Processing obtained EMV-Certification
for its Rahaxi-OTM(TM) software."

    "To maintain our strong technological advantages,
we invested 29% more in product development in the quarter,
spending $457,000 on software development and acquisition,
up from $326,000 during the comparable quarter of the prior
year," he said. 

    For the nine months, ended March 31, 2006, revenue
increased more than 39% to $1.67 million from $1.20 million
reported for the nine months ended March 31, 2005.  The
number of transactions processed gained more than 15% to
13.3 million from 11.5 million recorded in the nine months
ended March 31, 2005.

    Egan said, "We are excited about the coming fiscal
year, believing that we are very well positioned to continue
to execute our business plan."  
 
    Other significant developments during the quarter:

    -- The Company agreed to terms for $9.2 million in
financing with a group of European investors;

    -- The Company signed a private placement agreement to
secure $10 million in financing from Svensk Kredit och
Finans AB,         based in Stockholm, Sweden; and
    -- The company's Rahaxi Processing Subsidiary achieved
EMV-Certification for its Rahaxi-OTI(TM) (Open Terminal
Interface)        Middleware Solution.

    About Freestar Technology Corp.                        
                                                            
                        
    FreeStar Technology Corp. is a payment processing
company. Its wholly owned subsidiary Rahaxi Processing Oy.,
based in Helsinki, has a robust Northern European BASE24
credit card processing platform. Rahaxi currently processes
in excess of 1.35 million card payments per month for such
companies as Finnair, Ikea and Stockman. The company, based
in Dublin, Ireland, maintains satellite offices in Santo
Domingo, Dominican Republic, Helsinki and Geneva. For more
information, please visit http://www.freestartech.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 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:
 
     Investor Relations:
     Arun Chakraborty
     Stern & Co. 
     Tel:   +1-212-888-0044
     Email: achakrab@sternco.com

     Paul Egan
     FreeStar Technology Corporation
     Tel:   +1-809-368-2001
     Email: pegan@freestartech.com

SOURCE  Freestar Technology Corp.


PR
Post your Comment
Name:
Title:
Mail:
URL:
Color:
Comment:
pass: emoji:Vodafone絵文字 i-mode絵文字 Ezweb絵文字
trackback
この記事のトラックバックURL:
[6808] [6807] [6806] [6805] [6804] [6803] [6802] [6801] [6800] [6799] [6798
«  BackHOME : Next »
広告
ブログ内検索
カウンター

忍者ブログ[PR]