|London, England - 30 June 2004|
NETeller plc, a leading online money transfer service provider, is pleased to announce the continuing expansion of its European operations with the recent addition of Victor Chandler and BETonSPORTS.co.uk (including Betabet) to its merchant base. These two large and prestigious merchants now accept transactions from NETeller's growing worldwide member base.
“NETeller continues to capitalize on the remarkable growth of the $6-billion-per-year i-gaming market by providing trusted, secure and innovative payment services to the largest and best names in the industry,” said Gord Herman, NETeller's President and CEO. “Today's announcement underscores our commitment to leadership in online money transfer services based on offering our members and merchants a trusted, secure and convenient means for transacting with each other.”
Victor Chandler, formed in 1946, is the world’s leading independent sports betting and gaming group with operations in more than 70 countries. 'As one of Europe's most respected bookmakers, we are very pleased to launch the NETeller payment service to our clients worldwide. NETeller is a well known and highly regarded global brand in online payments,' said Gill Leivesley, Commercial Director for Victor Chandler.
BETonSPORTS.co.uk (including Betabet) is the newly formed UK subsidiary of BETonSPORTS, one of the world's largest offshore sportsbooks. In 2004, BETonSPORTS achieved turnover of £26million with over 33m bets placed, and the firm is preparing for flotation on AIM. 'BETonSPORTS.co.uk’s adoption of NETeller's widely used money transfer services is aligned with our commitment to leadership in the sports betting market,' said David Carruthers, President and CEO of BETonSPORTS.
Citigate Dewe Rogerson (0207 638 9571)
Michael Berkeley/Sarah Gestetner/George Cazenove
Notes to Editors
The NETeller Group
The NETeller Group operates an online money transfer service that utilises and extends the existing international banking structure to provide a secure means of transferring funds worldwide. A NETeller account acts as a virtual wallet that enables members (individuals who open NETeller accounts) to deposit, withdraw and transfer funds. Funds can be instantly transferred to or from any merchant (or internet site) that supports NETeller's online payments system for goods and services. Additionally, funds can be transferred between members in peer-to-peer exchanges. As at 31 March 2004, NETeller had over 735 thousand members and almost 1,400 supporting merchants, making the company a leader in online payment services.