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new pick is Freestar Technologies, Inc.
Current Price: $0.36
Day Target Price: $1.00
Do you feel safe when making online purchases? Probably
According to Forrester Research, two-thirds
of Americans worry about the misuse of personal
information submitted online.
fact, Forrester estimates that these fears caused Americans to
spend an astounding $12 billion less online than
they might have otherwise!
article featured on CNET.com stated that:
"Online retailers are losing nearly half of their
potential sales because many consumers are simply afraid to shop
on the Internet. Half!"
This article goes on to state that:
"The good news for merchants is that the tools they
need are available today. Now it's time to deploy them and market
we present to you a company doing just this. FSTI's
Transactional Secure Software (ETSS) a cutting-edge software
package that, when bundled with FSTI's PaySafeNowÿFFFFA9 system,
allows internet users to make online purchases without having to
You will be the one to directly swipe your card
through a home-based device connected to your computer. Throughout
each transaction, you will have complete comfort in the knowledge
that your account data is neither seen nor stored by the merchant. Quicker
Businesses will no longer need to worry about eating the cost
of fraudulent payments - since ETSS
immediately links the customer's payment information to his/her
bank, the merchant will know about any and all fraudulent
transactions right away.
revolutionary concept has caught the eye of the technology
world. Read more about numerous exciting developments
makes significant leaps forward: every
these developments has been annouced within just the
past 30 days.
has teamed up with SSP Solutions (Nasdaq:
to create the first fully secure Internet ATM transaction solution
available. SSP Solutions is currently demonstrating this
product at COMDEX in Las Vegas, one of the world's largest
technology shows." SSPX will also market and sell Freestar's
ETSS software first in the United States and then in other parts
of the world.
October 23rd, FSTI announced that a cash
deposit of US$900,000 has been transferred to the
company. This will be used to pay part of the costs to produce
66,000 card readers, a key step in the implementation
of the Company's PaySafeNowÿFFFFA9
System. The card reader hardware units will be distributed and
resold to Freestar's clients pursuant to existing
contracts in place.
$900,000 payment will also allow FSTI
to expedite the first phase of its contract with Banco
Nacional de Credito to distribute 30,000
PaySafeNow units into the marketplace.
- FSTIÿFFFF92s PaySafeNowÿFFFFA9
with ETSS is endorsed and certified by Banco Nacional
de Credito, a division of the National Financial Group (GFN),
a principal financial institution in the
Caribbean and Latin American region.
October 30th, FSTI announced the signing of a revenue-sharing
contract with Credulus Systems International to market
credit analysis systems and services to the financial
services industry in Latin America.
November 12th, FSTI was approved for listing on
the Frankfurt Stock Exchange. The stock is now
trading in Europe under the ticker symbol FRX.FSE.
All European investors now have access to Freestar
Technologies, as stock may be purchased in Euros on the
Frankfurt Exchange. The
German-speaking market represents over 100,000,000
people, many of whom are active in the world financial
markets. With the increasing number of international
requests for its system, this represents a tremendous
opportunity for FSTI to expand its global reach.
Tuned for More
major developments were all announced within
past 30 days. The company is clearly
expanding its presence at
a rapid pace. Stay
tuned for more positive developments
over the days and weeks to come.
Internet Fraud Authority
ÿFFFF93Due to the explosive growth of e-commerce, it is only
activity on the Internet will experience similar
growth and todayÿFFFF92s sophisticated consumer has a right to
concerned about issues such as security, fraud and
numbers don't lie. People are worried about making purchases
online. Businesses worry about consumer fraud. FSTI's PaySafeNowÿFFFFA9
with ETSS offers the world a new, safer and more efficient way to
conduct transactions online. FSTI's
most recent announcements have
been nothing short of impressive.
Incoming cash flow
A backlog of
and distribution arrangements
stock exchange listing
is certainly worth a closer look at its current price of
just 36 cents per share.
For more information, visit www.ePayLatina.com
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