19th May 2005 07:00
NETeller PLC19 May 2005 NETELLER PLC GLOBAL EXPANSION CONTINUES BY ADDING TWO MAJOR ONLINE MERCHANTS, BETFAIR AND EXPEKT London, England - 19 May 2005 NETELLER PLC, a leading online money transfer service provider, is pleased toannounce its continuing expansion with the recent addition of both Betfair andExpekt.com to its merchant base. Both these prominent merchants now accepttransactions from NETELLER's growing worldwide base of more than 1.5 millionmembers. Betfair Betfair is the world's leading betting exchange, a revolutionary concept whichit has pioneered. Powered by cutting-edge technology, Betfair allows punters toset their own odds and back or oppose an outcome, even once an event hasstarted. Betfair also has one of the fastest-growing poker rooms in Europe andattracts 15,000 regular poker players per month. Betfair's business excellencehas been recognised by prestigious organisations such as the Confederation ofBritish Industry, which named it "Company of the Year" in its 2004 GrowingBusiness Awards. NETELLER's service will be available to Betfair users in early June 2005.Betfair does not accept bets from the US and all NETELLER customers are screenedfor geographical location. Jonathan Cumberlege, Betfair's director of payments, stated: "Betfair is verypleased to offer NETELLER's highly regarded and convenient payment service toour sports betting and poker customers in the UK and abroad. NETELLER's FSAregulation and Know Your Customer (KYC) processes provide Betfair with theconfidence that all NETELLER customers will comply with our own KYC policies". Expekt.com Expekt.com is a leading international bookmaking group with betting licenses inMalta, UK and Austria. The company was founded in 1999 with a goal to be theleading online bookmaker serving the global marketplace. Expekt's services areavailable in 18 languages for customers from over 200 countries. Expekt.comcustomers can choose from both national and international sport events as wellas poker and casino games. Per-Ivan Selinder, Chief Executive of Expekt, commented: "Expekt's adoption ofNETELLER's widely used money transfer service is aligned with our commitment toglobal leadership in online betting". Gord Herman, Group CEO of NETeller PLC, stated: "NETeller continues to increaseits critical mass in the rapidly expanding i-gaming market by providing trusted,secure and innovative payment services to the largest and most recognised namesin the industry. The addition of Betfair and Expekt as registered merchantsexpands and strengthens NETELLER's merchant base, providing our members withmore choice in quality merchant sites." Ends EnquiriesGord 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 9571Seb 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 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