22nd Jun 2005 07:00
NETeller PLC22 June 2005 NETELLER PLC22 June 2005 NETELLER PLC - AGM STATEMENT NETELLER plc ('NETELLER' or the 'Company'), a leading online money transferservice provider, makes the following statement in advance of its Annual GeneralMeeting today: For the first quarter of 2005, NETELLER reported strong growth, increasedmargins and profitability, with over 1.5 million customers at 31 March 2005. During the first two months of the second quarter the Company has continued toexpand its base of customers and merchants in line with expectations, includingthe addition of both Betfair and Expekt as registered merchants, and is makinggood progress on the expansion of its Asian activities through the integrationof Quick Access in Macau. Gord Herman, Chief Executive Officer, commented "We are confident that NETELLERwill continue to demonstrate strong organic growth in line with our strategicgoals." The next update on trading is expected to be on 2 September 2005 when NETELLERwill announce its Interim Results for the half year to 30 June 2005. Enquiries: NETELLER Plc 01624 698 702Gord Herman, CEODale Johnson, Executive Vice PresidentEric Hughes, Chief Financial Officer Citigate Dewe Rogerson 0207 638 9571Sarah Gestetner/Seb Hoyle/George Cazenove Notes to Editors The NETELLER Group The NETELLER Group operates an online money transfer service that utilises andextends the existing international banking structure to provide a secure meansof transferring funds worldwide. A NETeller account acts as a virtual walletthat enables customers (individuals who open NETELLER accounts) to load,withdraw and transfer funds by purchasing e-money. E-money can be instantlytransferred to or from any merchant (or internet site) that supports NETELLER'sonline payments system for goods and services. Additionally, funds can betransferred between individual customers in peer-to-peer exchanges. NETELLERhas over 1.5 million customers and approximately 1,400 supporting merchants,making the Company a leader in online payment services. NETELLER UK Limited isauthorized by the Financial Services Authority (FSA) to operate as a regulatede-money issuer. Further information may be obtained from the NETELLER's websiteat www.neteller.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group