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PRESS RELEASE

Year 2008 / Monday July 7, 2:48 pm ET

Update on FreeStar Technology Conference Call

DUBLIN, Ireland, July 7 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that its scheduled conference call with Investors has been canceled until further notice due to heavy travel and rescheduled meetings for CEO Paul Egan.

Mr. Egan stated, "Due to the last minute rescheduling of my meeting commitments with various partnering banks throughout Europe, I regretfully have to cancel tomorrow's conference call. This has been a very busy month for business development and the schedule required has been quite heavy. Whilst the company is focused and committed to open discussion with its shareholders, I must give priority to the current client meeting agenda and facilitate their late change of schedule request. I am sure our shareholders will agree and understand that the client always comes first and we can rearrange the call for a later date. As always, I appreciate our shareholders' patience and understanding."

As a temporary alternative, FreeStar has set up an email to address all investors. Please feel free to email comments to investor@freeestartech.com.

SOURCE: FreeStar Technology Corporation.