Rahaxi Oy Delivers in Excess of 1300 Terminals in Its Most Recent Rollout to Its Loyal and Ever Growing Customer Base as Its EMV Deployment Gathers Pace in Finland

Potential Revenue of $4,500 per year per terminal

HELSINKI, July 2 /PRNewswire-FirstCall/ -- Rahaxi, Inc. (OTC Bulletin Board: RHXI), an international card payments processor and technology company, today announced that its wholly owned subsidiary, Rahaxi Processing has delivered in excess of 1300 new installations of POS terminals to various clients earlier this calendar year in Finland alone.

Fionn Stakelum, MD of Rahaxi Oy said, "These latest rollouts translate into a revenue model already in motion and could potentially yield in excess of $4,500 per terminal per year to Rahaxi's revenue model . Our charges and fee structure is such that we aim to maximize revenue from our continued high quality of product and service." Stakelum continued, "With several other opportunities in our pipeline this figure is likely to be enhanced as the year wears on. We envisage the trend to continue at an even faster pace for the rest of the year."

Ciaran Egan, CFO of Rahaxi commented, "Rahaxi not only derives revenue from the sale of each terminal but depending on the client also from annual and monthly maintenance and support fees as well as transaction fees. The expected life span of each terminal is 3 to 5 years. With this significant deployment in the first part of the calendar year, coupled with projected ongoing growth, Rahaxi is now delivering on its heavy investment in Software applications and Hardware technology."

About Rahaxi Incorporation

Rahaxi, Inc. 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. Rahaxi, Inc. 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.rahaxi.com

SOURCE Rahaxi, Inc.