RHXI: Record Number of Transactions

RHXI: Record Number of Transactions

posted in: Profile Updates by On April 14th, 2010

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Gain of Additional New Clients and Increased Terminal Deployment Leads to Record Number of Transactions Processed by Rahaxi Processing Oy

Breaks the 20 million and 6 million barriers for nine months and three months period ended 31st March 2010

HELSINKI, April 14 /PRNewswire-FirstCall/ — Rahaxi, Inc. (OTC Bulletin Board:RHXI.ob – News), an international card payments processor and technology company, today announced that its subsidiary Rahaxi Processing Oy in Helsinki has achieved its own record increases in the volume of transactions processed during the three month and nine month period ended 31st March 2010 as compared to the same periods in 2009.

For the nine month period ended 31st March 2010 Rahaxi surpassed the 20 million barrier by processing 20,409,200 transactions .This represented an increase of 4,403,250 or 27% over the 16,005,950 transactions processed in the comparable period in 2009. The significant increase in transactions is primarily due to the gaining of additional clients and the resulting increase in the deployment of our product range of POS terminals.

Transaction numbers surpassed the 6 million mark for the three month period ended 31st March 2010. During this period Rahaxi processed 6,380,356 transactions which is an increase of 1,446,228 or approximately 29% over the 4,934,128 transactions that were processed during the comparable three month period ending 31st March 2009.

The continued increase in our transaction processing together with the growth from our Hardware related revenue particularly in the quarter ending the 31st December 2009 demonstrates the strong demand for our products and services in the marketplace. Rahaxi believes this strong demand will allow it to continue increasing the number of transactions processed and the rate of deployment in the coming months to further strengthen its core revenue models and our position within the marketplace.

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

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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