UEPS Net 1 Ueps Technologies Inc

JOHANNESBURG, South Africa, April 24 /PRNewswire-FirstCall/ -- On May 10, 2006 at 9:30 a.m. EST, Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) will host a conference call to review third quarter results. The results will be released on May 9, 2006, after the market closes. 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, http://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 May 23, 2006. About Net1 (http://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. DATASOURCE: Net1 CONTACT: William Espley, Net1 Investor Relations, Net 1 UEPS Technologies, Inc., +1-604-484-8750, Toll Free: 1-866-412-NET1 (6381), http://www.net1ueps.com/ Web site: http://www.net1ueps.com/

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