Net 1 UEPS Technologies Inc.

Net 1 UEPS Technologies Inc.

October 26, 2005 11:58 ET

Net 1 UEPS Technologies, Inc. to Host Conference Call

JOHANNESBURG, SOUTH AFRICA--(CCNMatthews - Oct. 26, 2005) - On November 4, 2005 at 9:30 a.m EST., Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) will host a conference call to review first quarter results. The results will be released on November 3, 2005, 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 Net 1 homepage, Please click on the webcast link at least 10 minutes prior to the call. A replay of the call may be accessed through the Net 1 website through November 18, 2005.

About Net 1 (

Net 1 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 Net 1'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, Net 1's system can be used for banking, health care management, international money transfers, voting and identification.

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

Contact Information

  • Net 1 UEPS Technologies, Inc.
    William Espley
    Net 1 Investor Relations
    (604) 484-8750 or Toll Free: 1-866-412-NET1 (6381)