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Update on US Situation Regarding Former Directors

Monday, 2 July 2007 - NETELLER Plc (LSE: NLR), the independent global online payments business, today issued the following statement regarding the announcement on Friday 29 June 2007 by the United States Attorney's Office for the Southern District of New York (USAO) regarding Mr Stephen Lawrence and Mr John Lefebvre, two of the Company's former directors and founder shareholders.

According to the USAO announcement, Mr Lawrence has pleaded guilty to a charge of conspiracy in connection with his role in NETELLER's prior involvement in handling financial transactions between gambling customers in the United States and offshore internet gambling businesses. In relation to this charge, Mr Lawrence also admitted to allegations requiring him to forfeit at least US$ 100 million. The USAO further announced that the case against Mr Lefebvre is still pending.

Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER.

NETELLER is continuing to cooperate with the investigation being conducted by the USAO, under the advice of its legal advisers and in accordance with court orders in the Isle of Man. As announced on 4 June 2007, the Company is in discussions with the USAO for the purpose of resolving the investigation and has advised the USAO that it will use its best efforts to resolve the investigation no later than 13 July 2007. The Company does not currently believe that these developments will delay its efforts to resolve the investigation by that date.

The Company's ordinary shares will continue to be suspended from trading. Further information will be announced as and when it becomes available.


About the NETELLER Group
Trusted by millions of consumers in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates the world's leading independent online payment business. The Group specializes in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries.

The Group is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit www.netellergroup.com.

Media and Investor Contacts
NETELLER Group media and investor relations are managed by Citigate Dewe Rogerson. Contact them through the Media Relations Contact page.

Avoiding RSI

Official Google Blog: Avoiding RSI: "Some of the most common RSI injuries are tendonitis and carpal tunnel syndrome (CTS). Work-related carpal tunnel syndrome now accounts for more than 41% of all repetitive motion disorders in the United States, says this study. And here's a telling title: 'Hard work never hurt anyone: or did it?' -- it's a review of occupational associations with soft tissue musculoskeletal disorders of the neck and upper limb."

Australian Logistics Council

Australian Logistics Council: "The Australian Logistics Council "

NLP Store - NLP and Busines Books - Amazing Stress Solutions For Small Spaces

NLP Store - NLP and Busines Books - Amazing Stress Solutions For Small Spaces

Offshore Loopholes Can Be Legitimate

THERE is nothing more galling than listening to expatriates boast about the way they are using offshore bank accounts to evade tax. They delight in telling dinner-party guests how their money is running up tax-free interest or how it is piling up huge tax-free gains on the stock market.As you sit and listen, you can't help asking yourself if you really shouldn't open an offshore account for yourself. The answer may well be "yes, " but not for the reasons you might think. Rather than missing an opportunity to cheat the taxman, it is more likely that you are missing an opportunity to exploit, legally, certain loopholes in the law. The most obvious legitimate reason for opening an offshore bank account is the cash-flow advantage of getting interest on deposits paid gross, without the withholding tax usually imposed on non-resident bank accounts.But there are other tricks to the trade, depending on where you live. For instance, countries with a "remittance" loophole will tax expatriates on income brought into the country, but not on capital — and not on income or capital gains that are not brought into the country. Japan, Britain, Singapore and India are examples.An expatriate moving from, say, Germany to Japan could put savings into two offshore bank accounts — one for capital, one for interest. Any transfers of funds into Japan could be made, tax-free, from the capital account, while any income could be held, tax-free, in the interest account. Gillian Copperwheat, senior manager for personal taxation at Coopers & Lybrand in London, says this plan has obvious advantages, but that having the two accounts is critical to its success — because once capital and interest are comingled, the loophole is closed. "Many expatriates make the mistake of having their interest paid into the same account as their capital," she says. "Once they have set their accounts up this way, it is very difficult to untangle."Another legitimate plan, which is popular among high-earning expatriates in Britain, is the so-called dual contract. It works like this: An employee sets up two different employment contracts with his or her employer. One contract covers one set of functions — say, marketing and sales — which are carried out, compensated and taxed in Britain. The other contract covers a separate set of functions — say, international recruitment — which are carried out abroad and compensated, tax-free, by payments to an offshore bank account. Not surprisingly, tax authorities look carefully at dual contracts, so expatriates planning to use this loophole must be able to prove that they have two completely separate functions and that the contracts are with different parts of their organization. For those who are unfortunate enough to live in a country without any obvious tax loopholes, the temptation may be strong to use an offshore account to evade tax in illegitimate ways, such as to store undeclared income. Tax authorities acknowledge that it can be difficult to catch expatriate tax cheats with savings in offshore accounts, particularly if they have moved repeatedly over the years or are self-employed. Tracing these expats often involves too much effort and cost to make it worthwhile, authorities say.But while there undoubtedly are plenty of people who have avoided tax for years by using offshore bank accounts and have lived to tell the tale, there are plenty of others who didn't get away with it. Earlier this year the German tax authorities raided branches of banks in Germany to find out if people with bank accounts in Luxembourg were declaring their interest income. A third of the people weren't, and they were stunned to get a tax demand through the mail. These people must now be wondering if it was worth it.

smart homes

The homebuilding industry has made great strides overall toward so-called smart homes, but progress is measured in many small steps.

At the recent International Builders' Show in Orlando, home builders saw some new products that continue to push the technology envelope in housing.



High-tech home security now includes fingerprint-readers that activate doorway locks. (Jmpr Public Relations Via Associated Press)


Fingerprint readers that activate doorway locks are among the latest developments in high-tech home security. To set them up, homeowners scan the fingerprints of family members, housekeepers and contractors. Then a swipe of your finger is all that is needed to open the door, but if the system doesn't recognize your scan, you are shut out.

The entry system is based on biometrics, the ability of machines to scan and recognize human features such as fingerprints or retinas.

One example of such a system is the SmartScan lock from Kwikset that activates the deadbolt lock on an entry door. The homeowner uses a computer keypad on the interior side of the door to program the scan system. The less technically savvy can use a key to turn the deadbolt, too.

According to Walt Strader, research and development chief for Kwikset, there is plenty of upside for homeowners who install this new generation of door locks.

"If the housekeeper comes on Wednesdays from 3 to 5 p.m., you can set the system to limit her to that time frame," Strader said. And children returning home from school will have fewer keys to lose.

The $200 locks aren't available everywhere yet. Kwikset plans a national rollout in early summer, but for now the locks are available in home stores in Orlando, New York and San Diego.

Cooks have long wrestled with the task of cleansing kitchens of aromatic leftovers of their handiwork. Broan has introduced Italian-designed vents that automatically sense airborne particulates -- and the system quietly removes the offending smell.

It also features an "Air Refresh" mode that turns on fans in 10-minute spans each hour until the user switches them off. If the odors are especially onerous, the system can crank up to scrub 1,500 cubic feet of air per minute.

The stainless-steel ceiling- or wall-mount vents range in price from $2,700 to $3,000. Good-looking vent hoods of this kind are gaining ground as artwork in some fine kitchens.

For cooking-challenged homeowners, new wall convection ovens remove the need for guesswork, by making temperature and cooking-time decisions for the user.

Thermodor has preprogrammed into its Masterpiece series' ovens the settings for 20 popular recipes, from poultry and casseroles to bread. The ovens also store up to four temperature and cooking times, for four of the homeowner's personal recipes.

Stephan Zipper of Thermodor says consumers on the go can also program start and stop times for virtually any dish. But cooks can override the system to finagle temperatures and times more closely to their cooking preferences. Stainless-steel single ovens with the EasyCook features start at $2,500; prices top out at $5,000 for double ovens with a microwave.

And since the refrigerator is also the posting place for much household information, from daily schedules to to-do lists, why not make it an electronics center, too?

That is Whirlpool's thinking. The manufacturer has developed a cradle that latches to the top of the refrigerator door. Homeowners can fit digital photo albums, DVDs or satellite radio players into the cradle. Matt Newton of Whirlpool says the $50 cradle -- DVD, digital photo album and radio are purchased separately, from electronics stores -- might also be configured as a cellphone charging station, as well as for other electronics functions.

The cradle, named "Centralpark Connection," will be available later this year. Refrigerators capable of handling these fridge-top information centers start at $1,500.