Rahaxi Enters Agreement With Largest Jeweller Group in Scandinavia

• Press Release
• Source: Rahaxi, Inc.
• On 6:30 am EDT, Thursday October 8, 2009

HELSINKI, Oct. 8 /PRNewswire-FirstCall/ -- Rahaxi, Inc. (OTC Bulletin Board: RHXI - News) 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

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