| Thu 29 Oct 2009, 7:05 | | NT1 - Net1 UEPS Technologies Inc. to Host Conference Call to Review First |
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NT1
NT1
NT1 - Net1 UEPS Technologies, Inc. to Host Conference Call to Review First
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")
Net1 UEPS Technologies, Inc. to Host Conference Call to Review First Quarter
Results
Johannesburg, 28 October 2009 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS;
JSE: NT1) ("Net1" or the "Company") today announced it will release its first
quarter 2010 results after the market close on 5 November 2009. Net1
management will host a conference call to review these results on 6 November
2009 at 8:00 a.m. Eastern Time.
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)
ten 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 ten minutes prior
to the call. A webcast of the call will be available for replay on the Net1
website through 27 November 2009.
About Net1 (www.net1ueps.com)
Net1 provides its universal electronic payment system, or 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 using UEPS. The
system uses 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 the Net1 system can enter into
transactions at any time with other card holders in even the most remote areas
so long as a portable offline smart card reader is available. In addition to
payments and purchases, UEPS can be used for banking, health care management,
international money transfers, voting and identification.
The Company also focuses on the development and provision of secure
transaction technology, solutions and services. The Company`s 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. Additionally, through BGS
Smartcard Systems AG, a majority-owned subsidiary based in Austria, the
Company develops, implements and integrates smart card-based offline and
online financial transaction systems in cooperation with banks, enterprises
and government authorities, primarily in Russia and the Commonwealth of
Independent States.
Contact: Dhruv Chopra, Vice-President Investor Relations
Telephone: 1-212-626-6675
e-mail: dchopra@net1ueps.co.za
Or
William Espley at Net1 Investor Relations
Telephone: 1-604-484-8750
Toll Free: 1-866-412-NET1 (6381)
Johannesburg
28 October 2009
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 29/10/2009 07:05:00 Produced by the JSE SENS Department.
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