NEW YORK--FreeStar Technology Corporation (OTCBB:FSRCE) announced today the hiring of Mr. Carl M. Hessel as Vice President of European Operations and Mr. Sandor Hantosi as Operations Manager.
Paul Egan, President and Chief Executive Officer of FreeStar, stated: "We are pleased to welcome Mr. Hessel and Mr. Hantosi on the team. Our historical association with these gentlemen has been positive and we feel confident that FreeStar stands to benefit from their experience in the operations and banking fields."
Mr. Hessel, who has been appointed to the position of VP of European Operations, most recently founded the Margaux Investment Management Group, Geneva, focusing on brokerage advisory and proprietary management services to international high-net-worth investors and their intermediaries. Prior to that, Mr. Hessel was Vice President at Merrill Lynch responsible for creating a global high-net-worth wealth management platform. Mr. Hessel began his career at Goldman Sachs International, where he was responsible for expanding its Scandinavian ultra high-net-worth market. Mr. Hessel received his MBA from Wharton Business School, University of Pennsylvania, with a degree in Finance and Management. He has also been awarded the Marcus Wallenberg Foundation Scholarship.
Mr. Hantosi, who has been appointed to the position of Operations Manager, has founded several international businesses and served as Executive Officer of banks through representative offices in Dublin, Ireland, and Luxembourg. Mr. Hantosi has also worked as project evaluation consultant to international banks and headed large scale power infrastructure projects world wide in the capacity of International Project Director.
About FreeStar Technology Corporation
FreeStar Technology is an international payment processing and technology company operating a robust Northern European BASE24 credit card processing platform based in Helsinki, Finland. FreeStar currently processes approximately 1,000,000 card payments per month for an established client base that comprises companies such as Finnair, Ikea and Stockman. FreeStar is focused on exploiting a first-to-market advantage for its Enhanced Transactional Secure Software (ETSS), which is a software package that empowers consumers to consummate e-commerce transactions with a high level of security using credit, debit, ATM (with PIN) or smart cards. The company maintains its corporate headquarters in Santo Domingo, Dominican Republic, and has offices in Dublin, Ireland and Helsinki, Finland. For more information, please visit FreeStar Technology's websites at http://www.freestartech.com, http://www.rahaxi.com and http://www.epaylatina.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. 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. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical and other complications that may arise could prevent the prompt implementation of any strategically significant plans outlined above.
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