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PRESS RELEASE

Year 2007 / Friday June 22, 6:30 am ET

FreeStar to Seek Listing On London Stock Exchange's AIM Market

DUBLIN, Ireland, June 22, 2007 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News) an international card payments processor and technology company today announced that its Board of Directors passed a resolution for the company to be listed on the AIM Market for smaller growing companies on the London Stock Exchange, United Kingdom.

FreeStar will be appointing investment banks, investor relation firms and NOMAD brokers to help the company through the listing process. A definitive timeline as to when the listing will take place has not been established but it is the company's intention for the listing to be completed later this year.

FreeStar President Paul Egan felt it was time to take the company to the next level. He added, ''With our core business in Europe, it only makes sense to get maximum European market exposure through AIM. This is a win-win scenario. Our company will get greater access to capital to move our Business Plan forward and our shareholders will benefit from the increased visibility and ultimately increased value.''

The AIM Market was launched in 1995. Since that time over 2,500 companies have joined the AIM Market raising more than 34 billion pounds ($68 billion USD) in the process through IPOs and other capital raisings to fund their development.

FreeStar currently has a market capitalization of over $40 million. The company's last quarterly report saw its revenues increase a record 128 percent to just over $1.1 million.

SOURCE: FreeStar Technology Corporation.