Net 1 to Release Fourth Quarter and 2005 Earnings
07 September 2005 - 5:16PM
Business Wire
Net1 UEPS Technologies, Inc. (NASDAQ:UEPS) will release its fourth
quarter and 2005 year end results after the market closes on
Monday, September 12, 2005. Net1's management will host a
conference call to review these results at 10:30 a.m. EST on
Tuesday, September 13, 2005. To participate in the call, dial
1-800-860-2442 (U.S. only), 1-866-519-5086 (Canada only),
0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only)
five minutes prior to the start of the call. The passcode is
"Net1". The call will also be webcast on the Net1 homepage,
www.net1ueps.com. Please click on the webcast link at least 10
minutes prior to the call. A replay of the call may be accessed
through the Net1 website through September 27, 2005. About Net1
(www.net1ueps.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. To accomplish this, the Company has developed and
deployed the UEPS. This system uses secure 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 Net1's 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, Net1's system can
be used for banking, health care management, international money
transfers, voting and identification. -0- *T NET 1 U.E.P.S.
TECHNOLOGIES INC. 4th Floor, North Wing, President Place, Cnr. Jan
Smuts Avenue and Bolton Road Rosebank, Johannesburg, South Africa
Tel: 011-27-11-343-2000 Fax: 011-27-11-880-7080 *T Net 1 UEPS
Technologies Inc. (NASDAQ:UEPS)
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