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PRESS RELEASE

Year 2007 / Wednesday November 7, 6:30 am ET

FreeStar Technology Corp.'s Rahaxi Processing Oy Enters Into Distributor and Referral Agreement With SYSOPENDIGIA, the Leading Finnish ICT Services, Products and Technologies Provider

Major Finnish ICT Solutions Provider to Offer Rahaxi Processing's Secure Payments Interface, Rahaxi-OTI to Its Clients

HELSINKI, Finland, Nov. 7, 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 SYSOPENDIGIA Plc., the leading Finnish ICT products, services and technologies provider.

Mr. Jyrki Matikainen, Sales Director of Rahaxi Processing Oy, commented on the agreement: "We are delighted that a major player in the Finish ICT industry, SYSOPENDIGIA, has chosen Freestar as their EMV and PCI partner. SYSOPENDIGIA has a wide variety of different POS solutions for different business segments to which Rahaxi-OTI^(tm) will be integrated due to its high flexibility. We have already successfully completed first customer installations in the field. We are looking forward for a long and fruitful co-operation with SYSOPENDIGIA that will also have a positive impact on our revenue growth.''

About SYSOPENDIGIA Plc.

SYSOPENDIGIA Plc. is a modern and agile software company delivering ICT products, services and technologies for its customers to improve their competitive advantage -- solutions for the needs of the transforming world.

Solutions that are independent of used devices and technology give a true freedom and enable that the right information reaches the right people in the right place and at the right time -- that's real-time enterprise. As a comprehensive solution provider and systems integrator, SYSOPENDIGIA offers its customers an extensive range of IT products and services, strong mobile software expertise and business area knowledge in various sectors.

The company is based in Finland, operating globally and employing over 1,100 professionals. SYSOPENDIGIA is listed on the Nordic Exchange.

 -- Turnover: EUR 85.0 million (EUR 60.5 million in 2005)
 -- EBIT: EUR 8.4 million (EUR 4.2 million in 2005)
 -- Profitability (EBIT percentage): 9.8 percent (7.0 percent in 2005)
 -- Earnings per share: EUR 0.25 (EUR 0.14 in 2005)

For more information, please visit http://www.sysopendigia.com

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 organizations, namely the former Europay, and the international organizations 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.