GreedorFear

[GreedorFear]

(OTCBB: FSTI)
Freestar Technologies, Inc.

USA Office
Freestar Technologies, Inc.
16130 Ventura Blvd.,
Encino, CA 91436.
Phone number [phone]
www.freestartech.com

In the Dominican Republic:
Calle Fantino Falco #24
Edificio J. Báez,
Ensanche Naco
Santo Domingo,
República Dominicana
Tels:(809)-732-5911
809)-732-0780
Fax:[phone]
[e-mail]">[e-mail], [e-mail]">[e-mail].
For general information please send an e-mail to [e-mail]">[e-mail].

IR Firm:
Coffin Communications Group
15300 Ventura Blvd., Suite 303
Sherman Oaks, CA 91403-5866
[phone]
[phone] fax
[e-mail]">[e-mail]

Do you feel safe when making online purchases? Probably not.

According to Forrester Research, two-thirds of Americans worry about the misuse of personal information submitted online. In fact, Forrester estimates that these fears caused Americans to spend an astounding $12 billion less online than they might have otherwise!

A recent article featured on CNET.com stated that:
Online retailers are losing nearly half of their potential sales because many consumers are simply afraid to shop on the Internet.

This article goes on to state that:
The good news for merchants is that the tools they need are available today. Now it's time to deploy them and market

Tonight we present to you a company doing just this. FSTI's Enhanced TransactionalSecure Software (ETSS) a cutting-edge software package that, when bundled with FSTI's PaySafeNow© system, allows internet users to make online purchases without having to worry.

You will be the one to directly swipe your card through a home-based device connected to your computer. Throughout each transaction,you will have complete comfort in the knowledge that your account data is neither seen nor stored by the merchant. Quicker and safer.

Businesses will no longer need to worry about eating the cost of fraudulent payments - since ETSS immediately links the customer's payment information to his/her bank, the merchant will know about any and all fraudulent transactions right away.

This revolutionary concept has caught the eye of the technology world. Read more about numerous exciting developments below.

Key Highlights

FSTI makes significant leaps forward: every one of
these developments has been annouced within just the past 30 days.

FSTI has teamed up with SSP Solutions (Nasdaq: SSPX),to create the first fully secure Internet ATM transaction solution available. SSP Solutions is currently demonstrating this productat COMDEX in Las Vegas, one of the world's largest technology shows. SSPX will also market and sell Freestar's ETSS software first in the United States and then in other parts ofthe world.

On October 23rd, FSTI announced that a cash deposit of US $900,000 has been transferred to the company. This will be used to pay part of the costs to produce 66,000 card readers, a key step in the implementation of the Company's PaySafeNow© System.The card reader hardware units will be distributed and resold to Freestar's clients pursuant to existing contracts in place.

This $900,000 payment will also allow FSTI to expedite the first phase of its contract with Banco Nacionalde Credito to distribute 30,000 PaySafeNow units into the marketplace.
FSTI’s PaySafeNow© with ETSS is endorsed and certified by Banco Nacional de Credito,a division of the National Financial Group (GFN), a principal financial institution in the Caribbean and Latin American region.

On October 30th, FSTIannounced the signing of a revenue-sharing contract with Credulus Systems International to market credit analysis systems and services to the financial services industry in Latin America.

On November 12th, FSTIwas approved for listing on the Frankfurt Stock Exchange.The stock is now trading in Europe under the ticker symbol FRX.FSE. All European investors now have access to Freestar Technologies, as stock may be purchased in Euroson the Frankfurt Exchange. The German-speaking market represents over 100,000,000 people, many of whom are active in the world financial markets. With the increasing number of international requests for its system, this represents a tremendous opportunity for FSTI to expand its global reach.

“Due to the explosive growth of e-commerce, it is only logical that fraudulent activity on the Internet will experience similar growth and today’s sophisticated consumer has a right to be concerned about issues such as security, fraud and privacy while online.”-USInternet Fraud Authority

The numbers don't lie. People are worried about making purchases online. Businesses worry about consumer fraud. FSTI's PaySafeNow© with ETSS offers the world a new, safer and more efficient wayto conduct transactions online. FSTI's most recent announcements have been nothing short of impressive.

With:
·Incoming cash flow
·A back log of purchase agreements
·Numerous marketing and distribution
·An international stock exchange listing
·And other impressive relationships...

For more information, visit www.ePayLatina.com

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