May 21, 2005 - NETteller, one of the world's most popular and trusted Internet payment gateways, has announced that it is extremely pleased with its first quarter figures.
Its pre-tax profits increased by 136% to $18.2 million for the first quarter from a year ago and total revenue increased by 121% to $34.2 million. Per share earnings rose 158% to $0.14.
A NETeller spokesperson said that following hot on the heels of its impressive previous year financial results, the company was continuing to experience an upward trend in terms of increased growth, margins and profitability.
New NETeller signups have increased by 38% from the last quarter and 75% from the same time in 2004.
The online payment gateway is essentially a clearing house for online casinos and other
online gambling groups. It is reported to currently have over one and a half million members on its books, and boasts almost 3000 new member
signups per day.
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