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PRESS RELEASE

Year 2007 / Thursday June 14, 5:30 am ET

FreeStar's Subsidiary Signs Deal with Leading Finnish Point of Sale Vendor

Suomen Kassajarjestelmat Oy has a Client Portfolio of Over 1500 Retail, Hospitality and Restaurant Merchants in the Finnish Market

HELSINKI, Finland, June 14, 2007 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that its wholly owned subsidiary Rahaxi Processing Oy (''Rahaxi'') has entered into a distributor and referral agreement with Suomen Kassajarjestelmat Oy (''SKJ''), the leading independent Point-of-Sale Software and Hardware Vendor in Finland. Under the terms of the agreement, SKJ will migrate their existing and new merchant clients to meet the requirements of the EMV and PCI-standards in Finland using Rahaxi-OTI™ (Open Terminal Interface) card payments processing software and Hypercom(r) Optimum Point-of Sale products.

Mr. Jyrki Matikainen, Sales Director of Rahaxi Processing Oy said: ''We at Rahaxi are delighted that a powerful partner like SKJ is joining our growing distributor network in Finland. SKJ has successfully integrated our Rahaxi-OTI™ software to their Point-of-Sale solution.'' Mr. Matikainen also added: ''SKJ will also offer to its existing and new merchants through its network of more than 25 Finnish distributor partners Rahaxi's international standard payments processing products, including the Hypercom® Optimum payment terminal family and the Thyron PayCell mobile payment terminal, which will have an added positive impact to our revenue growth.''

Mr. Aarno Hartikainen, Managing Director of SKJ Oy commented on the agreement: ''We are looking forward for a fruitful, long-term partnership with Rahaxi Processing Oy. We feel that Rahaxi's long experience and presence in the payments industry, in addition to its wide range of international standard payments processing products and services, including the Rahaxi-OTI™ (Open Terminal Interface), will greatly benefit our existing and new merchant clients as the migration to EMV- and PCI standards rapidly gains pace in the Finnish market.''

ABOUT Suomen Kassajarjestelmat Oy

Suomen Kassajarjestelmat (''SKJ''), founded in 1991, is the leading independent Point-of-Sale software and hardware vendor in Finland specializing in retail solutions including e.g. sales and logistics process management. SKJ has a client portfolio of over 1500 merchants in retail, hospitality, restaurant and wholesale industries in the Finnish market.

For more information, please visit http://www.skj.fi

ABOUT EMV and PCI

EMV is an international standard, developed in response to certain types of bank card fraud. In time, EMV will replace the magnetic strip with a chip all over the world, on both credit cards and other bank cards. This will change some payment transactions. The name EMV stands for the initiating organisations, namely the former Europay, and the international organisations MasterCard and Visa.

PCI/DSS is a set of industry-wide requirements and processes (instituted by Visa, MasterCard, Diners, AMEX, JCB and Discover) that ensure the security of valuable cardholder account data. PCI DSS includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.

SOURCE: FreeStar Technology Corporation.