Rahaxi Enters Agreement With Largest Jeweller Group in Scandinavia

HELSINKI, Oct. 8 /PRNewswire-FirstCall/ -- Rahaxi, Inc. (OTC Bulletin Board:
RHXI) an international card payments processor and technology company, today
announces that its subsidiary Rahaxi Processing Oy and jeweller chain giant
Kultajousi Oy have entered into an agreement to supply its OTI solution to
over 60 different stores in 27 different cities in Finland. Kultajousi is
owned by Golden Heights Group which has a significant presence in Sweden
through its subsidiary Golden Heights AB Group.

Fionn Stakelum, MD of Rahaxi, Inc. noted, "To team up with the largest high
end jewellers in Scandinavia is testament to the reputation of Rahaxi's OTI
solution in the marketplace. Enabling us to bring OTI to the Scandinavian
market is the first of many steps we will take in launching OTI across
Europe."

Niko Aaltola, Sales Director of Rahaxi concluded, "Kultajousi is a household
name in Finland and we are delighted to be associated with them at this time."

Kaj Wikstrom, MD of Kultajousi noted: "Rahaxi's platform is one of the most
future proof, robust compliant solutions in the marketplace. We chose Rahaxi
simply because it beats everyone on quality and price and particularly because
our customers and staff found it to be an innovative, reliable and user
friendly solution to use. Our business operates very much in a chain style
which requires a lot of flexibility and Rahaxi's solution came out a winner."

About Rahaxi, Inc.

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.

Contact

For more information, please contact:

At Rahaxi, Inc.
Fionn Stakelum
Managing Director f.stakelum@rahaxi.com
(09) 612 0730

About Kultajousi Oy

Kultajousi Oy is the leading jewellery chain in Finland with its headquarters
based in Helsinki, Finland. It has over 60 stores in 27 different cities in
Finland. Kultajousi's owner and parent company, Golden Heights Group also have
a significant presence in Scandinavia through its subsidiaries Golden Heights
AB Group and Kultajousi Oy Golden Heights Group has over 1400 employees and
its turnover is over 145 million euros annually.

More information please visit www.kultajousi.fi or please contact:

Kultajousi Oy
Kaj Wikstrom
Managing Director kaj.wikstrom@kultajousi.fi

SOURCE Rahaxi, Inc.

Fionn Stakelum, Managing Director of Rahaxi, Inc., (09) 612 0730,
f.stakelum@rahaxi.com; or Kaj Wikstrom, Managing Director of Kultajousi Oy,
kaj.wikstrom@kultajousi.fi, for Rahaxi, Inc.