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PRESS RELEASE

Year 2005 / Thursday November 3, 6:00 am ET

FreeStar Technology Moves Headquarters to Dublin, Ireland

DUBLIN, Ireland, Nov. 3 /PRNewswire-FirstCall/ -- In recognition of its growing European activities, FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that it has established the company headquarters in Dublin, Ireland.

The headquarters office is located at 60 Lower Baggot Street, Dublin 2, Ireland. It was formerly based in Santo Domingo, Dominican Republic.

In addition, the company announced that it has opened an office in Stockholm, Sweden. It is located at Birger Jarlsgatan 4a, 114 34, Stockholm.

CEO Paul Egan of FreeStar Technology said, "In 2006, we expect to have 90% of our operations in Europe. Moreover, in the next 12 months, we envision having terminals in nine European countries. Therefore, it has become essential to center our management in Europe."

ABOUT FREESTAR TECHNOLOGY CORPORATION

FreeStar Technology Corporation is a payment processing company. Its wholly owned subsidiary Rahaxi Processing Oy., based in Helsinki, is a robust Northern European BASE24 credit card processing platform. Rahaxi currently processes in excess of 1 million card payments per month for such companies as Finnair, Ikea, and Stockman. FreeStar is focused on exploiting a first-to- market advantage for its Enhanced Transactional Secure Software (ETSS), which is a software package that empowers consumers to consummate e-commerce transactions with a high level of security using credit, debit, ATM (with PIN) or smart cards. The company, based in Santo Domingo, Dominican Republic, maintains satellite offices in Dublin, Helsinki, and Geneva. For more information, please visit FreeStar's websites at http://www.freestartech.com, http://www.rahaxi.com.

SOURCE: FreeStar Technology Corporation.