RHXI: Certified Platform

Banks, Third Party Processors and Independent Sales Organizations Offered Access to Rahaxi’s CUP Certified Platform

Initiative to Drive CUP Card Acceptance all over Europe

HELSINKI, Dec. 9 /PRNewswire-FirstCall/ — Rahaxi, Inc. (OTC Bulletin Board: RHXI – News), an international card payments processor and technology company announced today that it is set to offer its already certified platform for CUP debit card acceptance to banks, third party processors and independent sales organizations.

The move is designed to expand its CUP card acceptance service offering all over Europe and beyond. Rahaxi expects to derive additional revenue from the license and transaction fees it will generate from usage of its platform.

Paul Egan, CEO of Rahaxi stated: “From the positive responses we have had thus far, we believe this initiative will make the CUP card brand more attractive with the European merchant. The move is expected to bolster transaction volumes through the already certified gateway and enable Rahaxi to earn additional license and transaction fees. With the number of Chinese visitors to Europe at several million annually, the potential revenue opportunities are very attractive.”

Egan concluded: “This initiative is also designed with the view of the participants in mind by saving on setup, development and operational costs which have been a big barrier in the past.”

ABOUT RAHAXI INC

Rahaxi Incorporation 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 realize their true potential. Rahaxi Incorporation 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, FreeStar Technologies Ireland Limited and Rahaxi 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.rahaxi.com.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. When used in this press release, the words “expects,” “anticipates,” “believes,” “plans,” “will” and similar expressions are intended to identify forward-looking statements. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Rahaxi cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in Rahaxi’s Form 10-K filing and other filings with the U.S. Securities and Exchange Commission (available at www.sec.gov). Rahaxi undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. The summary financial information contained herein is qualified in its entirety by reference to the information contained in Rahaxi’s Form 10-K filing.

For additional information on Rahaxi, Inc. (OTCBB: RHXI) visit http://www.stockorange.com/rhxi

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