Net 1 UEPS Technologies Inc. to Host Conference Call to Review First Quarter Results
October 28 2008 - 4:01PM
Marketwired
Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)(JSE: NT1) ("Net1" or
the "Company") today announced it will host a conference call to
review its first quarter results on November 7, 2008, at 8:00 a.m.
Eastern Standard Time. The results will be released on November 6,
2008, after the market closes in the United States of America.
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 November 30, 2008.
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.
NET 1 U.E.P.S. TECHNOLOGIES INC.
4th Floor, North Wing,
President Place, Cnr. Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
TEL: 011-27-11-343-2000 FAX: 011-27-11-880-7080
Contacts: Net 1 UEPS Technologies Inc. William Espley Investor
Relations (604) 484-8750 or Toll Free: 1-866-412-NET1 (6381)
Website: www.net1ueps.com
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