| Mon 4 May 2009, 7:35 | | NT1 - Net 1 UEPS Technologies Inc. to Host Conference Call to Review |
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NT1
NT1
NT1 - Net 1 UEPS Technologies, Inc. to Host Conference Call to Review
Third Quarter Results
Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
ISIN: US64107N2062
("Net1" or "the Company")
Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Third Quarter
Results
Johannesburg, April 30, 2009 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS;
JSE: NT1) ("Net1" or the "Company") today announced it will host a conference
call to review its fiscal 2009 third quarter results on May 8, 2009, at 8:00
a.m. Eastern Standard Time. The results will be released on May 7, 2009, after
the market closes in the United States.
To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-519-5086
(Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only)
five minutes prior to the start of the call. Callers should request "Net1 call"
upon dial-in. The call will also be webcast on the Net1 homepage,
www.net1ueps.com. Please click on the webcast link at least 10 minutes prior to
the call. A webcast of the call will be available for replay on the Net1 website
through May 29, 2009.
About Net1 (www.net1ueps.com)
Net1 provides its universal electronic payment system ("UEPS"), as an
alternative payment system for the unbanked and under-banked populations of
developing economies. The company believes that it is the first company
worldwide to implement a system that can enable the estimated four billion
people who generally have limited or no access to a bank account to enter
affordably into electronic transactions with each other, government agencies,
employers, merchants and other financial service providers. To accomplish this,
Net1 has developed and deployed the UEPS. This system uses secure smart cards
that operate in real-time but offline, unlike traditional payment systems
offered by major banking institutions that require immediate access through a
communications network to a centralized computer. This offline capability means
that users of Net1`s system can enter into transactions at any time with other
cardholders in even the most remote areas so long as a portable offline smart
card reader is available. In addition to payments and purchases, Net1`s system
can be used for banking, health care management, international money transfers,
voting and identification.
Net1 also focuses on the development and provision of secure transaction
technology, solutions and services. Its core competencies around secure online
transaction processing, cryptography and integrated circuit card (chip/smart
card) technologies are principally applied to electronic commerce transactions
in the telecommunications, banking, retail, petroleum and utilities market
sectors. These technologies form the cornerstones of the "trusted transactions"
environment of Prism, a South African based subsidiary of the company, and
provide the Company with the building blocks for developing secure end-to-end
payment solutions.
Net1 recently acquired 80.1% of BGS Smartcard System AG ("BGS"), an Austrian
company, whose core business consists of developing and integrating smart card-
based offline and online financial transaction systems. Since 1993, BGS has
implemented tailor-made smart card-based payment solutions, focusing on emerging
economies and in cooperation with banks, enterprises and government authorities.
BGS is headquartered in Vienna, Austria, and has subsidiaries in India and
Russia, and a branch office in the Ukraine. Distributors are located in Asia,
Central and South America, the Commonwealth of Independent States and the Middle
East.
Contact William Espley at Net1 Investor Relations at:
Telephone: 1-604-484-8750
Toll Free: 1-866-412-NET1 (6381)
Johannesburg
4 May 2009
Sponsor to Net1
Deutsche Securities (SA) (Proprietary) Limited
Date: 04/05/2009 07:35:30 Produced by the JSE SENS Department.
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