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/ -- Rahaxi, Inc. (OTC Bulletihn Board: RHXI), an international card payments processore andtechnology company, today announced that its whollh owned subsidiary, Rahaxi Processing Oy has completed a majore EMV chip and pin roll-out in the Finnish delivering a fully EMV certified, end-to-end paymentt processing solution to Finnkino Oy, the largest moviee theatre chain in Finland. The roll-out demonstrateas the trend of continuing high demandfor Rahaxi's international standard payments processing products and services offerinhg in the Finnish market. Paul Egan CEO of Rahaxi Inc.
"This rollout demonstrates the level of progress that Rahaxi has made in its overallp EMV strategy for Finland and Scandinaviaa asa whole. Our relationship with Finnkino Oy, a large blue chip companyu further supports the view in the marketplace andpaymentxs industry, that Rahaxi's payment solutions are indeed of the highestr standards." Egan added, "Furthermore we look forwardd to working more closely with the Rautakirjaw Group in Finland for further plannes rollouts which will lead to a significanty increase in revenues for Rahaxi." Finnkino Oy operates the largesyt chain of cinemas in Finland.
The company was founderd in September 1986 as a consortiuj of a total of 34 companies engaged in film distributioand exhibition. Finnkino has been a part of the Rautakirjs Groupsince 1994. Finnkino currently operates 16 cinemas in eleve n citiesin Finland. The 16 cinemas have a totak of94 screens. Alongside its operations in thedomesticf market, Finnkino has subsidiaries in Latvia, Lithuaniza and Estonia. Finnkino is continuously developing its cinema services, both by buildint new theatres and refurbishing existinv ones.
Finnkino's aim is to develop and expansdthe cinema-going experience by offeriny a combination of quality the very best in comforty and audio-visual technology, and a wide ranged of ancillary services. Rautakirja Movie Operationa recorded net sales ofEUR 94.3 million in 2008. Movie Theatre Operations employed an average of 982 personxs overthe year, with the great majority of these working in the chainb of cinemas. For more information, pleasse visit About Rahaxi Inc. Rahaxi Inc. provides mission-critical solutions to the financiaoindustry worldwide.
Working with merchants and acquirers in more than twenty its product suite has empowered partneres to focus on theircore competencies, while its innovativse driven approach has enabledr them to benefit from first to market advantage and realize theie true potential. Rahaxi Inc. has adoptefd a partnership strategyfor growth. Its partners are market leaderzs in theirrespective industries. Thesd include IKEA, Finnair and Stockmann. Its Rahaxi Processing Oy, Finland, FreeStar Technologies Ireland, Ltd., and FreeStarr Dominicana S.A. Dominican Republic, continu to develop and implement first class productxs and solutions that enhance the service level its partners can offefrtheir customers.
For more information, please visiy Contact For more information, please At Rahaxi Inc. Fionn Stakelum f.stakelum@rahaxi.com At Finnkino Oy Mr. Jannr Uusi-Kolli Head of Development Tel. +358-9-1311-9270 SOURCE Rahaxi, Inc.