SHANGHAI, China, Jan. 29 /Xinhua-PRNewswire/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT), an international card payments processor and technology company, announced that Jose Enrique Perez has been named managing director of Rahaxi Processing Oy., a wholly owned subsidiary, according to president and CEO Paul Egan.
As well as managing the day to day operations of Rahaxi Processing, in his new position, Perez' responsibilities include enhancing, developing and implementing the strategic plan for Rahaxi Processing in the most cost effective and time efficient manner. In addition Mr. Perez will be responsible for ensuring service quality, financial performance, managing new and existing client relationships and accelerating revenue growth. Perez will report directly to the Board of Directors of Freestar Technology. He was promoted from the position of chief technology officer.
Egan said, "Enrique's leadership, vision and contribution to the group in the past four months have enabled FreeStar Technology's Hypercom offerings to reach the marketplace in a timely fashion. As a result, we feel it appropriate to appoint him to this position to further enhance the growth of the company."
Prior to joining FreeStar Technology, Perez was senior vice president, chief of global offshore development and general manager of SIA Hypercom Latvia. He was responsible for driving Hypercom's global offshore software strategy, delivering competitive software products worldwide, managing its offshore development centers and managing the SIA Hypercom Latvia operations.
Mr. Perez is fluent in English, Russian, Spanish and Portuguese.
Perez said, "This is an opportunity and a challenge for which I have great enthusiasm, gratitude and commitment. I see tremendous opportunities for Rahaxi Processing. Its innovative technological approach and highly professional staff provide the best possible products to its clients and partners worldwide."
About FreeStar Technology Corp.
FreeStar Technology Corp. provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquires in more than twenty countries, our product suite has empowered partners to focus on their core competencies, while our 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. Our partners are market leaders in their respective industries. These include IKEA, Finnair and Stockman. Our 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 our partners can offer customers. For more information please visit http://www.freestartech.com or 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.
For more information, please contact:
Investor Relations
Arun Chakraborty
Stern & Co.
Tel: +1-212-888-0044
Email: achakrab@sternco.com
OR
Paul Egan
FreeStar Technology Corporation
Tel: +1-809-368-2001
Email: pegan@freestartech.com
OR
AGORACOM Investor Relations
Email: FSRT@agoracom.com
Web: www.agoracom.com/IR/Freestar
