From a fairly credible source, lets stay out of panice mode guys
FROM MY SOURCES NETELLER IS GOING TO CONTINUE BUISNESS AS USUAL.
I KNOW ALOT OF RUMORS AND PANIC SETS IN............ESPECIALLY IN THE WORLD OF SPORTS FORUMS...............
I WILL ALWAYS TELL YOU WHAT I KNOW.........AND DO MY BEST TO KEEP YOU IN THE LOOP...............
THIS SHOULD ANSWER SOME QUESTIONS ON NETELLERS POSITION
Statement Regarding Former Directors
16 January 2007 - NETELLER Plc (LSE: NLR), the leading independent online money transfer business, today issued the following statement regarding the speculation surrounding two of its former directors and founder shareholders, Mr Stephen Lawrence and Mr John Lefebvre.
While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both former directors of the Company, were detained by US authorities on Monday, 15 January 2007.
Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER.
The Group has not received any communication or correspondence from any US authority regarding this or any related matter.
Pending clarification of the situation the Board has sought immediate temporary suspension of NETELLER's shares.
Further information will be issued in due course.
Further information
Mr Lawrence resigned as a non-executive director of the Company on 13 October 2006 having stepped down as non-executive chairman of the Company on 11 May 2006. Mr Lefebvre resigned as a non-executive director of the Company on 15
December 2005.
Mr Lawrence is the majority beneficial owner of Corvina International Ltd. which holds a total of 7,085,541 ordinary shares representing approximately 5.91% of the issued share capital of the Company. Mr Lefebvre is the beneficial owner of Eagle Medallion Fortress Investment Corporation which holds a total of 6,638,094 ordinary shares representing approximately 5.54% of the issued share capital of the Company.
About the NETELLER Group
With over 3 million customers in 160 countries and more than US$ 7 billion in annual transactions, the NETELLER Group operates the largest independent online money transfer business in the world. 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 over 3,500 retailers and merchants in many geographies and across multiple industries.
The Group 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
