Freestar Technology's Rahaxi Processing oy. Names Paul Warren as European Sales Director

Freestar Technology's Rahaxi Processing oy. Names Paul Warren as European Sales Director

April 06, 2006

    SHANGHAI, China, April 6 /Xinhua-PRNewswire/ --
FreeStar Technology Corp. (OTCBB: FSRT), an international
card payments processor and technology company, today
announced that its Rahaxi Processing Oy. subsidiary has
named Paul Warren to be European Sales Director, a new
position. 

    As European Sales Director, Warren will be responsible
for marketing Rahaxi Processing's payment processing
software to European banks and merchants, such as retail
chains, in the Benelux and Nordic countries as well as
Germany, the UK, France and Italy.  Based in Dublin, he
will report to FreeStar Technology president and CEO Paul
Egan.

    Paul Egan said, "We are pleased that Paul Warren
is joining Rahaxi Processing to head up its Western
European sales effort.  With more than 18 years of
experience in the payment software sector, superb
relationships with major banks, IBM and Hewlett Packard, he
has the perfect qualifications to communicate to prospective
customers the superior features of our payment
system."

    Warren most recently held senior positions in two
companies in the electronic funds payments industry-Albany
Software, one of the UK's leading developers and suppliers
of eTransaction enabling software solutions, and eFunds, an
industry leader in electronic payments and risk management. 
He was European Sales Manager at Albany for eight years and
then European New Business Sales Director at eFunds for
three years.

    In addition, Warren specialized in payments marketing
software products of the global banking industry, focusing
on Europe, Canada, South Africa and the UK.  He attended
Leeds University and resides in Yorkshire, England.

    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 1.3 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 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.


    For more information, please contact:
 
     Investor Relations:
     Arun Chakraborty
     Stern & Co. 
     Tel:    [phone]
     Email:  [e-mail]

     Paul Egan
     FreeStar Technology Corporation
     Tel:    [phone]
     Email:  [e-mail]

SOURCE  FreeStar Technology Corp.