FreeStar Technology signs service agreement with Monex

Source: FreeStar Technology Corporation

FreeStar Technology Corp. (OTC Bulletin Board: FSRT) an international card payments processor and technology company, today announced that its has entered into a service agreement with Monex Financial Services Limited, a world leader in the provision of multi currency & card based acquiring solutions and particularly Dynamic Currency Conversion (DCC) solutions.

Under the terms of the agreement, FreeStar Technology will provide Monex with a fully multi- currency enabled cross-border technological platform for payments processing. Furthermore, Monex will enhance FreeStar Technology's product offering by providing a comprehensive treasury facility enabling dynamic currency conversion to both its existing and prospective client base.

Paul Egan, chief executive officer of FreeStar Technology, said, "By partnering with Monex, FreeStar Technology increases its value added service offerings in the market place. Monex is a world leader in the DCC arena and we are confident we can improve our product offerings and shareholder value as a result."

Egan added, "Monex client base which includes Ryanair, Hertz and Europcar will boost FreeStar Technology's profile in a highly competitive market place and we look forward to developing a mutually beneficial relationship with Monex moving forward."

Frank Murphy, managing director of Monex, said, "By having a proven technological partner in FreeStar Technology, we are enhancing our value to the market. By leveraging FreeStar Technology's proven technological platform and its business model, Monex's product offering has gained a reliable and future proof solution that can be of great benefit to our own revenue model and our clients alike."

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