ISLE OF MAN -- (PRESS RELEASE) -- NETELLER Plc is pleased to announce that it is proposing to change its name to NEOVIA Financial Plc.
The new name represents a strategically important evolution for the NETELLER Group. It builds on a rebranding process to differentiate the parent company from the Group's operating brands of NETELLER, NETBANX and Net+, which each have strongly established brand identities and reputation. The name, meaning "New Way", supports the Group's strategic vision of providing differential, bold and exciting online payment solutions that target merchants and their "online generation" customers.
The change of name of the company is subject to the passing of a special resolution at an Extraordinary General Meeting (EGM) of the company's shareholders which is to be held on Tuesday 11 November 2008. Details about the EGM can be found below.
The NETELLER Plc Board of Directors is of the opinion that this proposal is in the best interests of shareholders as a whole. The Board unanimously recommends that shareholders vote in favour of the resolution to be proposed at the EGM, as they intend to do in respect of their own shareholdings.