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PRESS RELEASE

Year 2007 / Wednesday January 17, 5:30 am ET

FreeStar Technology Corp.'s Project Life Cycle Partners Completes First Stage of Contract to Supply Engineers to O2 Ireland

DUBLIN, Ireland, Jan. 17 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that its 50% owned, Project Life Cycle Partners, Ltd. a niche project consulting firm with clients such as O2, Danske Bank, Chambers Ireland, Ivax and CR2 Limited, has completed the first stage of an 18-month contract with O2 Ireland, a wholly owned subsidiary of Telefonica S.A. The contract was initially awarded to PLC Partners in May 2006. Under the contract, PLC Partners supplies telecommunications engineers to engineer and manage O2 Ireland's core mobile telephone network.

PLC Partners are the exclusive vendor in providing O2 Ireland with qualified resources to work primarily on O2 Ireland's Nortel Circuit & Packet Core network, signaling, interconnect and supporting IP network.

Paul Egan, chief executive officer of FreeStar Technology, said, "PLC Partners is pleased to announce the successful completion of the first stage of its contract to supply engineers to O2 Ireland. This contract, together with recently signed client contacts is expected to produce revenue in excess of 1.5 million Euros for PLC Partners."

Managing Director Neil McGrory of Project Life Cycle Partners said: "Since gaining a reputation for successful project delivery in O2 Ireland through our project management specialists, we tendered for and won the engineering contract to supply specialist telecom resources during O2 Ireland's key technology transformation project."

"We are committed to providing quality resources and managed services to this program of work, which is expected to continue throughout this year," he added.

ABOUT Project Life Cycle Partners Ltd.

PLC Partners is a niche project consulting firm specialising in the management and implementation of Information Systems projects. PLC Partners work closely with its clients, on both new and existing projects, focusing on business strategies and objectives to achieve a successful outcome. PLC Partners was founded by internationally experienced project consultants who have built their reputations through successful project delivery in the financial services sector. Each partner has more than twenty years industry experience managing and implementing projects. PLC Partners provides delivery service in the following sectors: Banking, Telecommunications, Software Vendors, Government and Educational Institutions. For more information, please visit www.plcpartners.com

ABOUT FREESTAR TECHNOLOGY CORPORATION

FreeStar Technology Corp. provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquires in more than twenty countries, our product suite has empowered partners to focus on their core competencies, while our 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. Our partners are market leaders in their respective industries. These include IKEA, Finnair and Stockman. Our 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 our partners can offer customers. For more information, please visit http://www.freestartech.com or http://www.rahaxi.com.

SOURCE: FreeStar Technology Corporation.