Freestar Technologies Retains Coffin Communications Group As Investor Relations Counsel.

LOS ANGELES and SANTO DOMINGO, Dominican Republic, Aug. 27 /PRNewswire/ --

Freestar Technologies (OTC Bulletin Board: FSTI) announced today that it has retained Coffin Communications Group ("CCG") to implement and manage its investor relations program.

"With the purchase of the assets of EpayLatina, S.A., Freestar Technologies is now firmly positioned to take advantage of the worldwide convergence of electronic payment solutions, whether made through credit, debit, ATM or smart cards," said Paul Egan, President and Chief Executive Officer of Freestar Technologies. "We look forward to working with CCG to introduce our Company to the investment community and the media as we strive to capitalize on the tremendous potential of Pay Safe Now incorporating Enhanced Transactional Secure Software, especially in markets internationally where smart-card technology is an accepted and welcome method of making payments without the need for cash to change hands."

One of the country's respected investor relations firms, CCG provides investor relations for over 30 publicly traded and private companies throughout the country, including Integrated Business Systems & Services, The Sands Regent, North American Scientific and Quality Systems, Inc. The full-service investor relations agency has expertise in representing companies in the high-tech, Internet, semiconductor, medical device, biotech, retailing and leisure and entertainment sectors and maintains its corporate headquarters in Sherman Oaks (Los Angeles). For further information, contact CCG directly, or visit its Web site at http://www.coffincg.com.

About Freestar Technologies

Freestar Technologies owns the rights to Enhanced Transactional Secure Software ("ETSS"), a proprietary software package that enables consumers to consummate secure e-commerce transactions over the Internet using credit, debit, ATM (with PIN) or smart cards. The ETSS system integrates a consumer-side card-swipe terminal with a back-end host-processing center. It encrypts sensitive financial data at the consumer's personal computer, using powerful DES encryption and algorithms. It sends an authorization number to the e-commerce merchant, rather than the consumer's credit card information, to provide a maximum level of security. The Company plans to link several large, established smart card systems together on an ETSS-based standard to achieve economies of scale and further market penetration for this secure e-commerce payment system.

The Company cautions readers that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be deemed to have been made in this release or that are otherwise made by or on behalf of the Company. The Company believes that it is subject to a number of risk factors, including: the Company's ability to implement its product strategies to develop its business in emerging markets; competitive actions; and, general economic and business conditions. Any forward-looking statements in this release should be evaluated in light of these important risk factors. The Company is also subject to other risks detailed herein or set forth from time to time in the Company's filings with the Securities and Exchange Commission.

For further information please contact: Dominican Republic, Haydee Marquez, Investor Relations of Freestar Technologies, +1-809-732-5911, info@epaylatina.com, or hmarquez@epaylatina.com; or John Paul Salvador, Market Intelligence, or Sean Collins, Partner, both of Coffin Communications Group, +1-818-789-0100, for Freestar Technologies

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