Net 1 Clarifies Delinquent Filer 'E' Annotation.JOHANNESBERG, South Africa -- The management of Net 1 UEPS Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NUEP) ("Net 1") today clarified the circumstances surrounding the delinquent filer "E" annotation which was added to the company's trading symbol on August 24, 2004. Enquiry with the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. administrators has revealed that the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Bulletin Board's system was not updated to reflect the company's change of year-end from December 31 to June 30, as reported by the company in Form 8-K filed on June 7, 2004. Accordingly, the OTC Bulletin Board anticipated the filing of a Form 10-Q for the quarter ended June 30, 2004 by August 15, 2004, in stead of in place of. See Instead. See also: Stead the annual report Form 10-K which will be filed on or before September 28, 2004. The OTC Bulletin Board administration has informed the company that the company's year end information will be corrected and that "E" annotation will be removed within the next 48 hours. |
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