Net1: AllPay Files Leave to Appeal to Constitutional Court
JOHANNESBURG, SOUTH AFRICA -- (Marketwired) -- 04/19/13 -- Net 1 UEPS
Technologies Inc. (NASDAQ:UEPS)(JSE:NT1) (the "Company") today
announced that AllPay Consolidated Investment Holdings (Pty) Ltd has
filed leave to appeal with the South African Constitutional Court
against the judgment handed down by the South African Supreme Court
of Appeal on March 27, 2013. The Company cannot predict what the
outcome of the application process will be.
About Net1 (www.net1.com)
We are a leading provider of alternative payment systems that
leverage our Universal Electronic Payment System, or UEPS, to
facilitate biometrically secure real-time electronic transaction
processing to unbanked and under-banked populations of developing
economies around the world in an online or offline environment. In
addition to payments, UEPS can be used for banking, healthcare
management, payroll, remittances, voting and identification.
We operate market-leading payment processors in South Africa,
Republic of Korea and Ghana. In addition, our proprietary Mobile
Virtual Card technology offers secure mobile payments and banking
services in developed and emerging countries.
We have a primary listing on the Nasdaq and a secondary listing on
the JSE Limited.
This announcement contains forward-looking statements that involve
known and unknown risks and uncertainties. A discussion of various
factors that cause our actual results, levels of activity,
performance or achievements to differ materially from those expressed
in such forward-looking statements are included in our filings with
the Securities and Exchange Commission. We undertake no obligation to
revise any of these statements to reflect future events.
Net 1 UEPS Technologies Inc.
Vice President of Investor Relations
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