Press Release

Year 2006 / Tuesday November 21, 10:02 am ET

FreeStar Technology Corporation Retains AGORACOM Investor Relations

DUBLIN, Ireland, Nov. 21 /PRNewswire-FirstCall/ -- FreeStar Technology Corporation (OTC Bulletin Board: FSRT - News) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") to provide investor relations services.

The objective of this agreement is two-fold. First, to create effective communication between FreeStar, its shareholders and the investment community through AGORACOM's internet based investor relations system. Effective immediately, a customized and monitored Freestar (http://www.agoracom.com/IR/Freestar) will allow both FreeStar and AGORACOM to communicate with all investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB will also provide one-click access to all critical FreeStar IR information, as well as, an executive audio address. In addition, the IR HUB provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing, hyping and profanity.

Second, AGORACOM will be responsible for raising Freestar awareness amongst retail investors for the purposes of attracting new and prospective shareholders. As an exclusive small-cap content provider to every Blackberry device on the planet, as well as, network traffic that reaches over 1.2 million investors per month and ranking amongst the top 1% in the world, AGORACOM will provide Tier-1 financial coverage of all meaningful FreeStar press releases.

AGORACOM will be fully responsible for creating, implementing and executing an investor relations strategy, the consolidation of which will save management a considerable amount of time, effort and expense, allowing them to focus on core business operations, while significantly improving shareholder communications.

FreeStar President Paul Egan said, "I believe the time has now come to significantly increase our communications with existing shareholders and the investment community. The solution provided by AGORACOM provides our management team with the ability to focus on executing the business plan during this very important phase of our development. Our shareholders and Company will benefit greatly from near real-time communications, regularly planned updates and increased exposure."

For all future FreeStar investor relations needs, investors are asked to visit the FreeStar IR hub at http://www.agoracom.com/IR/Freestar where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to FSRT@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This agreement is a twelve month contract and has been negotiated entirely at arm's length.

About AGORACOM Investor Relations Corp.

AGORACOM Investor Relations is North America's leading outsourced investor relations firm for small-cap companies. AGORACOM's exclusive IR HUB delivers two-way investor relations and communications that provides 100% transparency, accessibility, equality and near real-time communications for all shareholders and the investment community.

AGORACOM has specialized in small-cap investor relations since 1997 and is the exclusive provider of all small-cap content to every Blackberry device on the planet, Yahoo Finance Canada and The AOL Small Cap Channel.

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 Stockman. Our Subsidiaries Rahaxi Processing Oy Finland, Rahaxi Processing AB Sweden, 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 or http://www.rahaxi.com.

Source: FreeStar Technology Corporation