TIDMNEO 
 
RNS Number : 0036U 
Neovia Financial PLC 
17 June 2009 
 

+---------------------------+---------------------------+---------------------------+ 
| Press release             |                           |     For immediate release | 
+---------------------------+---------------------------+---------------------------+ 
 
 
 
 
 
NEOVIA Financial Plc 
 
 
AGM Statement 
 
 
 
 
Wednesday, 17 June 2009 - At the Annual General Meeting of NEOVIA Financial Plc 
("NEOVIA" or the "Company"), (NEO.L), the independent online payments business, 
being held later today in the Isle of Man, Chairman, Dale Johnson, will make the 
following statement: 
 
 
"The Company made progress during 2008 towards its vision of becoming the global 
provider of bold online payment solutions to selected e-commerce communities.  A 
creditable financial performance was achieved despite significant deterioration 
in economic conditions worldwide. 
 
 
2008 was a transformational year for the Company - the change of name to NEOVIA 
Financial was a natural evolution to better reflect the Group's full-suite of 
branded gateway, e-wallet and card programme services.  The Group also launched 
a new line of MasterCard  products, including the Net+ card which has been 
nominated for a number of awards. 
 
 
The Group indicated in its 2009 first quarter trading update at the end of April 
that business had been difficult.  However, the second quarter, to date, has 
been more encouraging and trading in the year thus far is in line with 
management expectations. 
 
 
The Group has made progress in its revenue generation initiatives, and these are 
beginning to bear fruit, including the recently announced diversification into 
the Massively Multiplayer Online Gaming (MMOG) market and signing of MindArk, 
operator of the leading virtual world Entropia Universe. Cost containment has 
also been a primary focus. The Board continues to consider opportunities 
that could accelerate growth. NEOVIA also remains committed to sustaining a 
sizable capital reinvestment programme in technologies and business processes to 
facilitate strategic positioning and differentiation going forward. 
 
 
At the end of May, and as previously indicated, Ron Martin left the Group as 
President and CEO after a transition period. On behalf of the Board and 
management team, I thank Ron for his contribution to the Group over four 
challenging years.  The Board's process to select a new Group Chief Executive 
Officer is making good progress and we expect to announce an appointment early 
in the third quarter. 
 
 
In the continuing challenging market conditions, the Board and management team 
remain focused on maximising revenues, maintaining control over costs, 
delivering a capital programme to support the strategy for the future, and 
preserving cash to deliver value for all shareholders.Despite these challenges, 
the Board continues to be optimistic about the outlook for NEOVIA for the full 
year." 
 
 
 
 
 
 
For further information contact: 
 
 
Andrew Gilchrist+ 44 (0) 1624 698 713 
VP Communications, NEOVIA Financial Plc 
Email:investorrelations@neovia.com 
 
 
Citigate Dewe Rogerson + 44 (0) 207 638 9571 
Sarah Gestetner / George Cazenove 
 
 
Daniel Stewart & Co Plc+ 44 (0) 207 776 6550 
Paul Shackleton 
 
 
* * * * * 
 
About NEOVIA Financial 
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+(TM) and 1-PAY(TM) brands, 
NEOVIA Financial 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 the company to 
support thousands of retailers and merchants in many geographies and across 
multiple industries. 
 
 
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a 
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd 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 or contact us by 
email at investorrelations@neovia.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMSFEFMMSUSESM
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Neo Energy Metals Charts.
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Neo Energy Metals Charts.