The History of NETELLER.
The NETELLER name is one that is well known among the on-line gambling sites the reason for this is that NETELLER has been providing it's users with secure on-line transactions since 1999 and has firmly established itself as one of the leading service providers of its kind in the industry.
It was in 1999 that the major shareholder and founder of the NETELLER group, Stephen Lawrence who envisaged and developed the idea of what we now know to be the 'e-wallet'. Stephen Lawrence has founded and built a number of successful companies both in the on and off-line business sectors, he has a background in venture capital and finance having worked as a principle at Cavendish Investing Limit in the early 1990's, from 1999 when he first identified the idea of the NETELLER System he served as its chief executive until late 2002.
The 'electronic wallet' could be used to fund internet based transactions without facing the security risks that transactions of this kind experienced while being processed at merchant websites alone, this is one of the reasons that NETELLER presently serves an ever increasing base of more than 3,400 merchants as well as over 2.5 million customers in more than 160 countries. At the present time many of the on-line gambling websites have found that the NETELLER 'electronic wallet' concept is the most effective service that they can provide for there users.
The growth of NETELLER has continued with $200,000 U.S dollars being raised privately in order to firmly establish that NETELLER continues his service, with the growth of NETELLER up until April 2004 being financed by its cash flow generated internally they achieved this in April 2004 by putting the shares of NETELLER plc into trading on what is known as the (AIM), the Alternative Investment Market which is part of the London Stock Exchange. NETELLER worked in conjunction with the Alternative Investment Market admission with 15,000,000 new ordinary shares being placed on the market on behalf of the company at a share price of two pounds each along with an additional 2,500,000 existing ordinary shares where placed at 200p on behalf of the selling shareholders. As a result of this the company managed to raise thirty million pounds in revenue for the company along with a further five Million pounds for selling the shares of the selling shareholders. As the year progressed an additional 38,100,000 existing ordinary the original founders in secondary offerings sold shares in order to increase the free float. By November 2005 a further 35 million shares were again sold by the founders, which left them with only 25% of the total shares of the company's issued share capital.
Up until the end of 2005 the NETELLER Company has processed over $7.3 billion dollars in transactions, NETELLER also employs over 800 people with regional offices in Calgary Canada, London England,San Jose Costa Rica and Hong China with its headquarters in the Isle of Man.
|
