3rd Apr 2007 09:11
NETeller PLC03 April 2007 NETELLER Announces Directorate Change Tuesday, 3 April 2007 -The NETELLER Plc Group ("NETELLER" or the "Group") (LSE:NLR), the leading global independent online money transfer business, todayannounced that, with effect from 2 April 2007, Dale Johnson retired from hisposition as an executive director of the Company and became a non-executivedirector. The Board wishes to thank Dale for his significant contribution asboth an executive director of the Company and most recently as President of theNETELLER Group's Asian Pacific operations. Joyce Wong, Vice President & GeneralManager of Asia Pacific, continues to manage these operations on a day-to-daybasis. Over the past 11/2 years, Dale and the regional team have extended the Group'sproducts and services in Asia into higher value added activities and newmarkets. NETELLER's Asian business has become consistently profitable and isfirmly established as one of the largest independent e-money transfer providersin the region. Asia is the fastest growing region within NETELLER's business, in large part dueto implementing new channel and pricing strategies, and new payment options, inmarkets such as Japan, China and Australia. NETELLER is also energeticallyexamining emerging markets with increasing potential such as Taiwan andPhilippines. The ability to leverage NETELLER's extensive resources andexperience provides a strong foundation for success in Asia. The Board looks forward to Dale's continuing contribution as a non-executivedirector. In addition, Dale will continue to assist the NETELLER Group in aconsultancy role on a number of strategic planning initiatives which the Groupis currently progressing. Enquiries: Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner/Sebastian Hoyle/George Cazenove Notes to Editors The NETELLER Group Trusted by millions of consumers to transfer billions of dollars each year, theNETELLER Group specialises in providing innovative and instant payment serviceswhere money transfer is difficult or risky due to identity, trust, currencyexchange, or distance. Being independent has allowed the Group to supportthousands of retailers and merchants in many geographies and across multipleindustries. The Group is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER UK Limited is authorised by the Financial ServicesAuthority (FSA) to operate as a regulated e-money issuer. For more informationabout the Group visit www.neteller-group.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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