Net 1 UEPS Technologies Inc. to Host Conference Call to Review Second Quarter 2010 Results
January 13 2010 - 3:01PM
Marketwired
Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)(JSE: NT1) ("Net1" or
the "Company") today announced it will release its second quarter
2010 results after the market close on February 9, 2010. Net1
management will host a conference call to review these results on
February 10, 2010 at 8:00 a.m. Eastern Time.
To participate in the call, dial 1-800-860-2442 (U.S. only),
1-866-605-3852 (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.net1.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 March 2, 2010.
About Net1 (www.net1.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.
Net1 has a primary listing on the Nasdaq and a secondary listing
on the JSE Limited.
Contacts: Net 1 UEPS Technologies Inc. - Investor Relations
Contact Dhruv Chopra Vice President of Investor Relations
+1-212-626-6675 dchopra@net1.com www.net1.com
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