4th Feb 2005 07:00
NETeller PLC04 February 2005 4 February 2005 NETELLER PLC - PRE-CLOSE TRADING UPDATE NETeller plc, a leading online money transfer service provider, provides thefollowing pre-close trading update. NETeller has continued to rapidly expandits base of members and merchants during the fourth quarter of operations endingDecember 31, 2004. Sign Ups • Average daily sign-ups of new members was 2,072 during Q4 2004 (Q4 2003: 1,068) - representing an increase of 94%. • Average daily sign-ups was 1,821 for the year to 31 December 2004 compared to 910 for 2003 - representing an increase of 100%. • Growth in new member sign-ups has historically been strongest in the first and third quarters. • As at 31 December 2004, NETeller had 1,251,000 signed-up members, an increase of 663,000 or 113 percent since 31 December 2003. Member receipts • Average daily receipts from members was approximately US$2.3 million during Q4 2004 (Q4 2003: US$1.1 million) - representing an increase of 109%. • Q4 average daily receipts from members is up by 19 % on the Q3 2004 average daily receipts of US$1.94 million. NETeller confirms the following expected financial calendar dates in 2005: 2004 Preliminary Results: 5 April 2005 Annual General Meeting: 22 June 2005 2005 Interim Results: 2 September 2005 Enquiries Gord Herman, Chief Executive Tel: +44 (0) 1624 698 700Dale Johnson, Executive Vice President Tel: +44 (0) 1624 698 700Eric Hughes, Chief Financial Officer Tel: 001 403 769 3625 Citigate Dewe Rogerson Tel: +44 (0) 207 638 9571Sarah Gestetner/Seb Hoyle 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 members (individuals who open NETeller accounts) to load, withdrawand transfer funds. Funds can be instantly transferred to or from any merchant(or internet site) that supports NETeller's online payments system for goods andservices. Additionally, funds can be transferred between members inpeer-to-peer exchanges. NETeller UK Limited is regulated by the FSA as anapproved e-money issuer. NETeller listed on the London AIM market in April 2004 (Ticker: NLR). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group