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PRESS RELEASE

Year 2007 / Monday January 29, 5:30 am ET

FreeStar Technology Corporation Strategy Focused on Revenue Growth

Expects Triple Digit Revenue Growth with the introduction of new products and sales strategies

DUBLIN, Ireland, Jan. 29 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), said today the Company is now aggressively focused on expanding and growing its transaction processing solutions both domestically in Finland and globally. Having invested significant capital to deliver new innovative world class products and services for its growing customer base, FreeStar now expects to deliver significant increases in sales in calendar year 2007.

The Company believes that the recent hiring of industry veterans combined with substantial investment to date in our technical infrastructure and our acquisition strategy, is designed to position FreeStar to drive revenue growth in both our core and new vertical markets.

Paul Egan, Chief Executive Officer, said, "Major milestones such as PCI compliance and EMV certifications have been met for 2006. It is encouraging to see that our strategic focus on investing in our processing platform is beginning to have a significant impact on sales. Our 2007 results will be determined by our success with initiatives to further penetrate our markets, integrate acquisitions, and establish new standards of customer satisfaction."

He said goals for 2007, beside business partnerships, include the Company's major lines of revenue including transaction processing and terminal sales.

After a long and arduous certification processes in 2006 the Company successfully achieved certifications for its suite of Hypercom and Thyron point of sale terminals, meaning that the Company is beginning to distribute terminals to its new and existing client's. Terminal sales will derive additional revenue for the company in addition to its core processing fees. The momentum builds from the increasing demand for our products in our domestic Finnish market.

"Relationships built in 2006 with acquiring banks across Europe will build on this momentum throughout this year, as the banks provide their merchant client bases with attractive new services," concluded Egan.

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.