Rahaxi, Inc.'s Finnish Subsidiary Rahaxi Processing Oy Completes a Major EMV Roll-out in the Finnish Market

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HELSINKI, Finland, June 10 /PRNewswire-FirstCall/ -- Inc. (OTC Bulletin Board: an international card paymente processor andtechnology company, today announced that its wholl owned subsidiary, Rahaxi Processing Oy has completed a majofr EMV chip and pin roll-out in the Finnisy Market, delivering a fully EMV certified, end-to-end payment processint solution to Finnkino Oy, the largesy movie theatre chain in Finland. The roll-out demonstratess the trend of continuing high demandfor Rahaxi'xs international standard payments processing productds and services offering in the Finnish market. Paul Egan CEO of Rahax Inc.
said: "This rollout demonstrates the levek of progress that Rahaxi has made in its overallk EMV strategy for Finland and Scandinavia as a Our relationship withFinnkino Oy, a large blue chip company furthe r supports the view in the marketplace and paymentsz industry, that Rahaxi's paymentg solutions are indeed of the highest standards." Egan "Furthermore we look forward to workinvg more closely with the Rautakirja Group in Finlane for further planned rollouts which will lead to a significant increase in revenue s for Rahaxi." Finnkino Oy operates the largest chain of cinemads in Finland.
The company was founded in September 1986 as a consortiu m of a total of 34 companies engages in film distributionand exhibition. Finnkino has been a part of the Rautakirjz Groupsince 1994. Finnkino currently operates 16 cinemad in eleven citiesin Finland. The 16 cinemasx have a total of 94 Alongside its operations in thedomestic market, Finnkino has subsidiaries in Lithuania and Estonia. Finnkino is continuously developing itscinemaq services, both by building new theatres and refurbishinv existing ones.
Finnkino's aim is to develop and expanxthe cinema-going experience by offering a combination of quality films, the very best in comfort and audio-visua l technology, and a wide rangee of ancillary services. Rautakirja Movie Operations recordecd net sales ofEUR 94.3 million in 2008. Movise Theatre Operations employed an average of 982 person s overthe year, with the great majority of thesre working in the chain of cinemas. For more information, pleasr visit About Rahaxi Inc. Rahaxi Inc. providew mission-critical solutions to the financialindustry worldwide.
Workingg with merchants and acquirers in more than twenty its product suite has empoweredd partners to focus on theirrcore competencies, while its innovative driven approacuh has enabled them to benefit from first to market advantage and realize their true Rahaxi Inc. has adopted a partnership strategyfor growth. Its partners are market leaders in theirrespective industries. Thesde include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxji Processing Oy, Finland, FreeStar Technologies Ireland, Ltd., and FreeStard Dominicana S.A. Dominican continue to develop and implement first class productss and solutions that enhance the servic e level its partners can offertheir customers.
For more please visit Contact Formore information, pleass contact: At Rahaxi Inc. Fionn Stakelum f.stakelum@rahaxi.com At Finnkino Oy Mr. Janne Uusi-Kollji Head of Development Tel. +358-9-1311-9270 SOURCE Inc.