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NT1 - Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Second
Quarter 2010 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")
Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Second Quarter
2010 Results
Johannesburg, January 13, 2010 - Net 1 UEPS Technologies, Inc. (NasdaqGS: 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.
Investor Relations Contact:
Dhruv Chopra
Vice President of Investor Relations
Phone: +1-212-626-6675
Email: dchopra@net1.com
Johannesburg
14 January 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 14/01/2010 08:00:04 Supplied by www.sharenet.co.za
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