NLR Neteller

    RNS Number : 4431F
  NETeller PLC
  09 October 2008
   

    Press release                        

    NETELLER Plc

    Proposed change of name to NEOVIA Financial Plc and notice of EGM


    Thursday, 9 October 2008 - NETELLER Plc (LSE: NLR), a leading independent, global provider of online payments, is pleased to announce
that it is proposing to change its name to NEOVIA Financial Plc. A circular has today been sent to shareholders and is also available on the
Company's website.

    The new name represents a strategically important evolution for the NETELLER Group. It builds on a year long rebranding process to
differentiate the parent company from the Group's operating brands of NETELLER, NETBANX and Net+, each of which has a strongly established
brand identity and reputation. The name, meaning "New Way", supports the Group's strategic vision of providing differentiated, bold and
exciting online payment solutions that target merchants and their "online generation" customers.    

    Earlier this year the Group revitalised both its NETELLER consumer and NETBANX business brands, and has recently announced the relaunch
of its Net+ card brand.  The name change is expected to provide a broader umbrella for future growth, as well as enhancing the Group's
credibility with both merchant and end user customers, partners and regulators.  It also positions the Group well for further progress in
its financial services strategy.  The Board therefore believes that it is appropriate to change the Company's name from NETELLER Plc to
NEOVIA Financial Plc.

    The change of name of the Company to NEOVIA Financial is subject to the passing of a special resolution at an extraordinary general
meeting of the Company's shareholders which is to be held on Tuesday 11 November 2008 in the Isle of Man.  Further details are set out in
the circular to shareholders.

    Until the name change is effective, the Company will continue to trade under its present ticker symbol NLR. Thereafter, it is
anticipated that the ticker symbol will be NEO. It is expected that the name change and ticker change will become effective from Monday, 17
November 2008.

    The Company has posted on its corporate website a short presentation which sets out in overview the rationale and background to the
proposed change of name. This is available at http://www.neteller-group.com/campaign/namechange.html. 


    For further information contact:        

    Andrew Gilchrist                                 + 44 (0) 1624 698 713
    VP Communications, NETELLER Plc    
    Email: investorrelations@neteller.com

    Citigate Dewe Rogerson                    + 44 (0) 207 638 9571        
    Sarah Gestetner / George Cazenove

    Daniel Stewart & Co Plc                    + 44 (0) 207 776 6550        
    Paul Shackleton

    Notes to Editors

    The NETELLER Group 

    Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates
the world's leading independent online payments business. Through its NETELLER, NETBANX, 1-PAY and Net+ brands, the Group 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 Group to support thousands of retailers and merchants in many geographies and across multiple
industries.

    NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by
the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit
www.netellergroup.com or contact us by email at investorrelations@neteller.com.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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