FreeStar Technology Corp., Paul Egan,

Business Information

The group's principal activity is to develop hardware and software solutions to secure e-commerce and payment transactions. The group operates in two business segments: paysafe system, which sells epaypad and related services and rahaxi payment processing, which generates fees from processing online point of sale terminal transactions in Finland. The group provides online connectivity to all finnish banks, including nordea sampo and oko and the domestic bank credit card company, luottokunta and provides processing services for over 1,300 merchants. The e-payments and e-commerce market is comprised of debit and credit card issuers, switch interchanges, transaction acquirers and generators, including automated teller machine networks, retail merchant locations and the Internet. On 26-Sep-2002 and 15-10-2003, the group acquired rahaxi processing oy and 87% of interest in transaxis inc. The group's operations are principally in Dominican Republic and helsinki Finland.

Executive Information
Name	Title	Email
Ciaran Egan	Dir., CFO, Sec., Treasurer	Available
Jose Perez	CTO	N/A
Carl Hessel	Dir., VP - International Investor Relations	N/A
Fionn Stakelum	Dir, Dir. - European Operations	Available
Paul Egan	Dir., CEO, Pres.	N/A

Financial Information ( All figures in $ '000 )
Year	Sales	Net Income
2006	2,098	(14,000)
2005	1,603	(22,102)
2004	1,334	(6,335)

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