Press ReleaseNETELLER 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, today announced that, with effect from 2 April 2007, Dale Johnson retired from his position as an executive director of the Company and became a non-executive director. The Board wishes to thank Dale for his significant contribution as both an executive director of the Company and most recently as President of the NETELLER Group’s Asian Pacific operations. Joyce Wong, Vice President & General Manager of Asia Pacific, continues to manage these operations on a day-to-day basis.
Over the past 1½ years, Dale and the regional team have extended the Group’s products and services in Asia into higher value added activities and new markets. NETELLER’s Asian business has become consistently profitable and is firmly established as one of the largest independent e-money transfer providers in the region.
Asia is the fastest growing region within NETELLER’s business, in large part due to implementing new channel and pricing strategies, and new payment options, in markets such as Japan, China and Australia. NETELLER is also energetically examining emerging markets with increasing potential such as Taiwan and Philippines. The ability to leverage NETELLER’s extensive resources and experience provides a strong foundation for success in Asia.
The Board looks forward to Dale’s continuing contribution as a non-executive director. In addition, Dale will continue to assist the NETELLER Group in a consultancy role on a number of strategic planning initiatives which the Group is currently progressing. About NEOVIA Financial Plc
Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed NEOVIA to support thousands of retailers and merchants in many geographies and across multiple industries.
Subsidiary company NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com.
NEOVIA Financial Plc recently changed its corporate identify from NETELLER Plc to better reflect the strength and breadth of its individual product brands. At the same time its ticker symbol changed from NLR to NEO.
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