FSRT.OB...Sector: Technology...Industry: Software & Programming

[setravis]

Profile :


31 Mespil Road
Ballsbridge
Dublin, 4
Phone: 35316185060
Fax: 35316024777
Sector: Technology
Industry: Software & Programming
Employees: 34 
Complete Financials: 06/30/2006
Earnings Announcements: 
Last Updated: Jun 30, 2007 


About FreeStar Technology Corporation

FreeStar Technology Corporation provides mission critical solutions to the financial industry worldwide. Working with merchants and acquires in over twenty countries, our product suite has empowered partners to focus on their core competencies, while our innovative driven approach has allowed them to benefit from first to market advantage and realise their true potential. FreeStar Technology Corporation has adopted a partnership strategy for growth. Our partners are market leaders in their respective industries. These include IKEA, Finnair and Stockmann. Our Subsidiaries Rahaxi Processing Oy Finland, FreeStar Technologies Ireland Limited and FreeStar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level our partners can offer customers.

For more information, please visit http://www.freestartech.com and http://www.rahaxi.com.

[setravis]

Let's see what's cooking...
Got a move shaping up here.......Closed above the 13-day MA
Placed a small Double Bottom (reversal) Pattern in,
Buy on the pullback...came back for a retest, I say buy on this retest...JMHO of course.

Support @ 0.19...0.18...0.17
Resistance @ 0.20...0.21...0.24

52wk Range: 0.13 - 0.58
Volume: 923,458
Avg Vol (3m): 610,595

Technicals
Percentage Gainer

Last Price Quote is:
15.87%above 13-day EMA
-5.34%below 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $32.09 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Press Release Source: FreeStar Technology Corp.


FreeStar Technology Wins Following Final Court Ruling
Monday August 27, 6:30 am ET
Judge Orders 25 Million FreeStar Shares Issued to Svensk KretitFinans AB Cancelled


DUBLIN, Ireland, Aug. 27, 2007 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTC BB:FSRT.OB - News), an international card payments processor and technology company, announced that a United States District Court in Nevada has issued a final ruling favoring the company. United States District Court Judge Jones issued a final order canceling the entire 25 million shares of FreeStar Technology common stock issued to Svensk Kretit Finans. The Court further ordered that Svensk Kreitit Finans was never a shareholder of Freestar and that those 25 million shares are not to be counted as having ever been issued and outstanding.


FreeStar Technology Corporation has remaining claims against Soren Moberg, Moberge Group, Magnus Erneving asserting claims for fraud, conversion, unjust enrichment and negligent misrepresentation, seeking unspecified damages and $5 million in punitive damages. The Court had previously enjoined those individuals from selling, assigning, transferring or otherwise encumbering any of the 25 million shares, which have now been cancelled.

Paul Egan, CEO of FreeStar Technology Corporation stated, ``We are pleased with the court's final decision and we will aggressively pursue through all available means any individuals who attempt to defraud and manipulate the company and its shareholders. We look forward to concentrating on bringing shareholder value in the form of increased revenue and business opportunities.''

About FreeStar Technology Corporation

FreeStar Technology Corp. provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquirers in more than twenty countries, its product suite has empowered partners to focus on their core competencies, while its innovative driven approach has enabled them to benefit from first to market advantage and realize their true potential. FreeStar Technology has adopted a partnership strategy for growth. Its partners are market leaders in their respective industries. These include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxi Processing Oy., Finland; FreeStar Technologies Ireland, Ltd.; and FreeStar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level its partners can offer their customers. For more information, please visit http://www.freestartech.com and http://www.rahaxi.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. When used in this press release, the words ``expects,'' ``anticipates,'' ``believes,'' ``plans,'' ``will'' and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. 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. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under ``Factors That May Affect Our Results.'' These forward-looking statements speak only as of the date hereof. 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.


Contact:
          FreeStar Technology Corp.
          Company Communications
          Cynthia Aadal
          [email protected]

          AGORACOM Investor Relations
          [email protected]
          http://www.agoracom.com/IR/Freestar


--------------------------------------------------------------------------------
Source: FreeStar Technology Corp.

[setravis]

 

52wk Range: 0.13 - 0.49
Volume: 1,104,892
Avg Vol (3m): 622,220

Technicals
Percentage Gainer

Last Price Quote is:
16.96%above 13-day MA
7.25%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $37.40 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Watching Volume.......
The longer the base the bigger the race.......

FreeStar Technology Corporation Reports Revenue Increase in the Second Quarter Ended December 31, 2007
PrimeNewswire(Wed, Feb 20)


FreeStar Technology Corporation Announces Quarterly Sales of $1.3 Million, Record Growth of 193 Percent
PrimeNewswire(Tue, Nov 20)

52wk Range: 0.04 - 0.32
Volume: 1,703,700
Avg Vol (3m): 801,856

Technicals
Percentage Gainer

Last Price Quote is:
15.81%above 13-day MA
-15.94%below 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $17.87 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Press Release Source: FreeStar Technology Corp.


Rahaxi Processing Oy Brings PCI Approved, Palm-Sized Mobile Payments to Finland
Wednesday April 2, 11:44 am ET 
Gains Full EMV Certification for Hypercom Optimum M4100 Blade; Commences Rollout to Merchants


HELSINKI, Finland, April 2, 2008 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that its Rahaxi Processing Oy. subsidiary will immediately commence sales of Hypercom's (NYSE: HYC - News) PCI-approved, mobile credit/debit terminal in Finland. The action follows Finnish EMV Level 1 & 2 Chip and Pin certification of the palm-sized, 32-bit wireless signature capture device.


"The demand for EMV-certified payment products is escalating sharply in Finland; we have achieved that security standard with the M4100 Blade, and we intend to quickly introduce this innovative and truly mobile payment device to our merchant base," said Dr. Jose Enrique Perez, Managing Director, Rahaxi Processing Oy.

Weighing in at just over 200g and measuring 12.67cm (4.9 inches) long, 6.93cm (2.7 inches wide), and 2.92cm (1.15 inches) deep, the M4100 Blade is a fraction of the size of competitive models, is battery operated, and requires no external battery or modem. These features eliminate size and weight problems that make other wireless units impractical for use in mobile scenarios. The M4100 Blade is also a rugged terminal that incorporates a top-of-the-line high-contrast color touch screen, accepts magnetic stripe and smart cards, and offers a contactless reader, clip-on printer and docking station.

"This marks yet another achievement in our continued success with EMV-certified payment options. Rahaxi continues to be on the forefront of this technology with successful certification in partnership with Hypercom products," said Paul Egan, CEO of Rahaxi parent company FreeStar Technologies. He added, "This certification allows us to continue to expand our offerings to our core merchant base and allows us to expand that base greatly."

For more information on the Hypercom® Optimum M4100 (the "Blade"), please visit www.hypercom.com.

About FreeStar Technology Corporation

FreeStar Technology Corporation provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquirers in more than twenty countries, its product suite has empowered partners to focus on their core competencies, while its innovative driven approach has enabled them to benefit from first to market advantage and realize their true potential. FreeStar Technology has adopted a partnership strategy for growth. Its partners are market leaders in their respective industries. These include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxi Processing Oy., Finland, FreeStar Technologies Ireland, Ltd., and FreeStar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level its partners can offer their customers. For more information please visit www.freestartech.com and www.rahaxi.com.

About EMV

EMV certifications ensure that card payment devices can accept the EMV-compliant smart cards that are being deployed around the world to increase security and combat credit card fraud at the point of sale. The interoperability specifications and test requirements were established by EMVCo LLC, an organization currently governed by JCB Co., Ltd, MasterCard Worldwide and Visa Inc.

Hypercom and Optimum & Design are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

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. When used in this press release, the words "expects," "anticipates," "believes," "plans," "will" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. 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. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under "Factors That May Affect Our Results." These forward-looking statements speak only as of the date hereof. 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 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:
     FreeStar Technology Corp.
     Cynthia Aadal -Company Communications
     [email protected]

     Investor Relations:
     AGORACOM Investor Relations
     [email protected]
     www.agoracom.com/IR/Freestar




--------------------------------------------------------------------------------
Source: FreeStar Technology Corp.

[setravis]

 


52wk Range: 0.04 - 0.31
Volume: 3,336,906
Avg Vol (3m): 825,914

Technicals
Percentage Gainer

Last Price Quote is:
92.24%above 13-day MA
65.18%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $22.72 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A