NETeller is the most fast and the safest way to transmitting your money online. Previous year they have a legal clash with American Department of Justice. The directors are sure enough that the fourth quarter and the annual performance should be according to the expectations. On January 16, 2008 NETeller will be making a final payment of around US $ 39 million to the authorities of America. This amount was finalized after having a discussion with the authorities of America authenticating that the funds worth US $58 million has already been detained, which was mistakenly mentioned as US $60 million. The total that has to be paid to the American authorities remained unmoved i.e. US $136 million.

NETeller have also executed a plan according to which they will be returning an amount of US $94 million which was payable to the users of America. About US $81 million amount has yet to be paid out. If there is any unpaid amount then it is kept in the company’s bank. According to the terms and conditions of the plan American users have the time until January 26, 2008 that they can make a withdrawal of the funds while making use of the NETeller website.

The dialogues are still being exchanged with the buyer and the lender but it does not seem that a concrete decision will be decided. Though the property of Calgary is very productive and NETeller is quite confident that the land will be sold soon. Undetermined lawsuit has been filed by the third party about the violation of the contract has also affected the treasury of NETeller and along with an agreement for paying an amount of around CAD$ 1.77 million as a final settlement.

The company promised that in the year 2008 they will be launching significant programs and will be providing latest online payment solutions which will include:

- Fresh Consumer Brand: In the start of the month of January NETeller has made up gradation in the payment methods for their users on their website www.neteller.com. This new brand is designed to go with the people belonging to all financial background. Under this up gradation the users will be provided with the new services throughout the year.

- Through the mid of 2008 NETeller’s users will be experiencing enhanced provisions and new services will be provided to the users. The users will get to experience more secured products those are related to the cards and new payment methods will be launched.

The group will also be starting up a new set of e-commerce applications that is both for those who are gaming traders and also for those who are not. The newly made set will be made keeping in mind NETeller’s standard money providing services, e-wallet services, and this will only enhance the customer relationship as compared to making a payment by credit cards. The installation of the new set is scheduled in the first half and new set has been already to a selected number of traders.

Mr. Ron who is Chief Executive Officer of NETeller was of the view that with the competition that the company has encountered in the past couple of years, he is very satisfied with the performance in the year 2007 and he is very much thrilled for the year of 2008.