NETeller Reinstated to AIM

Without the possibility of returning to the U.S. markets, and its long term viability being reduced with news from other nations, NETeller still succeeded in getting its shares returned to active trading on London's AIM (Alternative Investment Market). In early trading share prices trended lower.

"The restoration of trading in the Company's shares marks the first step in a new chapter for the NETeller Group following our resolution with the US authorities announced last week. With our vision to provide innovative payment solutions for e-commerce communities, our initial focus will be to dominate payments in our chosen online gaming markets," said Ron Martin, NETeller's president and CEO.

As far as future plans, Martin added, "Online payments in many market sectors are growing rapidly and we believe that the e-wallet will continue to grow in popularity. While there is much work to do and many challenges lie ahead, we believe that the Company is well positioned to benefit from these trends."

What about all those U.S. funds still not released? In the note stating the re-instatement to AIM, this was said: ""The Group continues to progress its plans to implement the Distribution Plan for the return of approximately US$ 94 million of US customers' funds by 30 July 2007. A further announcement will be made as soon as the Company has further information for its US customers."