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PRESS RELEASE

Year 2007 / Tuesday April 10, 6:30 am ET

FreeStar Technology Awarded Temporary Restraining Order and Preliminary Injunction

DUBLIN, Ireland, April 10, 2007 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, announced that a Nevada District Court has granted a temporary restraining order and preliminary injunction in the company's favor.

On April 2, 2007, the Court ruled that a block of FreeStar shares cannot be sold, assigned, transferred or otherwise disposed of in any way pending the outcome of a court case initiated by FreeStar March 14, 2007. The shares are represented by 50 stock certificates for 500,000 shares each, numbered 2840 through 2889 in the name of Svensk Kredit & Finans AB issued on May 5, 2006.

This ruling follows a similar order brought down by the courts on March 20, 2007 also preventing the defendants from disposing of those same shares.

On March 14, 2007, FreeStar Technology Corporation, through its counsel Corrigan & Morris LLP, initiated legal action in the District of Nevada. Named as defendants are K2 Svensk Kredit Finans, AB, dba Svensk, Kredit and Finans, Soren Moberg, Moberge Group, Magnus Erneving, and First American Stock Transfer, Inc. FreeStar is asserting claims against those individuals and entities, except First American Stock Transfer, for fraud, conversion, unjust enrichment and negligent misrepresentation. It is seeking unspecified damages and $5 million in punitive damages.

FreeStar President and CEO Paul Egan said, ``Since the matter is before the courts it would be inappropriate for me to comment, but FreeStar will certainly take the necessary steps to act in the best interest of our shareholders.''

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 or http://www.rahaxi.com.

SOURCE: FreeStar Technology Corporation.