DUBLIN, Ireland, March 30 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (BULLETIN BOARD: FSRT) , an international card payments processor and technology company, today announced that its Rahaxi Processing Oy. subsidiary has named Paul Warren to be European Sales Director, a new position.
As European Sales Director, Warren will be responsible for marketing Rahaxi Processing's payment processing software to European banks and merchants, such as retail chains, in the Benelux and Nordic countries as well as Germany, the UK, France and Italy. Based in Dublin, he will report to FreeStar Technology president and CEO Paul Egan.
Paul Egan said, "We are pleased that Paul Warren is joining Rahaxi Processing to head up its Western European sales effort. With more than 18 years of experience in the payment software sector, superb relationships with major banks, IBM and Hewlett Packard, he has the perfect qualifications to communicate to prospective customers the superior features of our payment system."
Warren most recently held senior positions in two companies in the electronic funds payments industry -- Albany Software, one of the UK's leading developers and suppliers of eTransaction enabling software solutions, and eFunds, an industry leader in electronic payments and risk management. He was European Sales Manager at Albany for eight years and then European New Business Sales Director at eFunds for three years.
In addition, Warren worked in payments marketing software products the global banking industry, focusing on Europe, Canada, South Africa and the UK. He attended Leeds University and resides in Yorkshire, England.
About FreeStar Technology Corp.
FreeStar Technology Corp. is a payment processing company. Its wholly owned subsidiary Rahaxi Processing Oy., based in Helsinki, has a robust Northern European BASE24 credit card processing platform. Rahaxi currently processes in excess of 1.8 million card payments per month for such companies as Finnair, Ikea and Stockman. The company, based in Dublin, Ireland, maintains satellite offices in Santo Domingo, Dominican Republic, Helsinki and Geneva. For more information, please visit http://www.freestartech.com/
Forward Looking Statements:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The companies caution that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in FreeStar's Form 10-KSB filing and other filings with the U S. Securities and Exchange Commission (available at http://www.sec.gov/). FreeStar undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
For more information, please contact:
Investor Relations:
Arun Chakraborty
Stern & Co.
Telephone: 212-888-0044
