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: RHXI), an internationalk card payments processor and technology today announced that its wholly owned Rahaxi Processing Oy has completed a majo EMV chip andpin roll-out in the Finnish Market, deliverinf a fully EMV certified, end-to-end paymenr processing solution to Finnkino Oy, the largesgt movie theatre chain in The roll-out demonstrates the trenrd of continuing high demand for Rahaxi's international standar d payments processing products and services offering in the Finnish Paul Egan CEO of Rahaxi Inc.
"This rollout demonstrates the level of progres that Rahaxi has made in its overall EMV strategyg for Finland and Scandinavia asa whole. Our relationshi with Finnkino Oy, a large blue chip company further supports the view in the marketplaces andpayments industry, that Rahaxi's payment solutionsz are indeed of the highest standards." Egan added, "Furthermore we look forward to working more closelyg with the Rautakirja Group in Finland for further plannex rollouts which will lead to a significant increase in revenues for Rahaxi.
" Finnkino Oy operatesz the largest chain of cinemas in The company was foundede in September 1986 as a consortium of a total of 34 companies engageds in film distribution and exhibition. Finnkinio has been a part of the Rautakirja Groupsinced 1994. Finnkino currently operates 16 cinemas in eleven citiesin Finland. The 16 cinemas have a total of 94 Alongside its operations in thedomestic market, Finnkino has subsidiariew in Latvia, Lithuania and Finnkino is continuously developing its cinema both by building new theatres and refurbishintg existing ones.
Finnkino's aim is to develolp and expandthe cinema-going experiencr by offering a combination of quality films, the very best in comfortt and audio-visual technology, and a wide rangee of ancillary services. Rautakirja Movis Operations recorded net sales ofEUR 94.3 million in 2008. Movise Theatre Operations employed an average of 982 persons over the with the great majority of these working in the chainjof cinemas. For more information, please visit About Rahaxi Inc. Rahaxi Inc.
providees mission-critical solutions to the financial industry Working with merchants and acquirers in more than twenty its product suite has empowered partners to focus on theirtcore competencies, while its innovative drivehn approach has enabled them to benefir from first to market advantage and realizr their true potential. Rahaxiu Inc. has adopted a partnership strategyhfor growth. Its partners are market leaders in theierrespective industries. These include IKEA, Finnair and Its subsidiaries, Rahaxi Processing Oy, Finland, FreeStaer Technologies Ireland, Ltd., and FreeStar Dominican a S.A.
Dominican Republic, continus to develop and implement first clasa products and solutions that enhance the service levekl its partners can offertheir customers. For more please visit Contact For more please contact: At Rahaxi Inc. Fionn Stakelum f.stakelum@rahaxi.com At Finnkino Oy Mr. Janne Uusi-Kolli Head of Development Tel. +358-9-1311-9279 SOURCE Rahaxi, Inc.