Neteller Casino

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Posted by Kelly Osslim (207.44.228.112) on 15:32:13 26/02/06

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NETELLER RESULTS

NETELLER

the asdlkjh Douglas-based online money transfer service has released positive fourth quarter results.
The report, for the last three months of 2005, shows average daily receipts at $4.18m US dollars up from $3.64m in quarter three.

The company is signing up more than 3,000 new neteller customers per day on average, slightly up on the previous three months. Total customers stood at 2.3 million by the end of the year.

It has continued to benefit from the growing popularity of online betting and poker, plus the reluctance of the major US credit card groups to enter the sector.

It expects its annual financial results for 2005 to be slightly up on market expectations and expects even stronger growth this year on the back of the Soccer World Cup.

Ron Martin, chief executive officer of NETELLER casino, said: 'We have seen significant growth in Q4 2005, and our results will show the strong position the company is in. We look forward to capitalising on this position in 2006.'

Mr Martin took over from Gord Herman as CEO, earlier this month. He will move into the position of executive vice chairman and focus on the strategic objectives of the company, plus the development of the neteller banking strategy online casino and a peer to peer money transfer arm.



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