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PRESS RELEASE
Year 2007 / Thursday February 15, 11:31 am ET
Strenuus Capital Issues Report on Freestar Technology Updating Investors on Company Progress
LONDON, Feb. 15 /PRNewswire/ -- Strenuus Capital Ltd. announced today the publication of a six-page research report on FreeStar Technology Corp., Dublin, (OTC Bulletin Board: FSRT - News).
An international card payments processor and technology company, FreeStar Technology Corp. works with merchants and acquirers in ten European countries. Its wholly owned subsidiary, Finnish-based Rahaxi Processing Oy, operates a electronic payment processing platform for domestic as well as international clients and transactions. Rahaxi is also an exclusive reseller of Hypercom and Thyron Point of Sales terminals in Finland. Further, a high profile agreement was just announced with China UnionPay (CUP), the world's largest issuer of debit and/or credit cards to enable Chinese travelers to use their domestic cards when traveling in Europe. This landmark agreement will allow Rahaxi to expand its footprint in Europe via the acquiring bank relationships it has won on the back of the CUP agreement.
Strenuus' report reviews recent company developments and its progress in extending its network and expanding its business operations. They have set a target stock price of US$1.18.
To see the entire report, please go to the Discussion Board on the FreeStar investor relations hub with AGORACOM Investor Relations, click on "INDUSTRY REPORT - Strenuus Capital Reports on FreeStar" at http://www.agoracom.com/ir/freestar/messages. Copies of the report are also available by contacting Strenuus Capital at +44-(0)20-7038-3581 Facsimile: +44-(0)20-7038-3580.
SOURCE: Strenuus Capital Ltd.
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