News and Press Releases:

Resignation of Director

16 October 2006 - The Company announces that Mr. Steve Lawrence resigned as a non-executive director of the Board with effect from Friday 13 October 2006. The Board sincerely thanks Mr. Lawrence for his significant contribution and efforts in founding and helping to build NETELLER into the world’s leading independent online money transfer business, and wishes him well for the future. Mr. Lawrence continues to remain a supportive shareholder of the Company.

About NEOVIA Financial Plc

Trusted by consumers and businesses in over 170 countries to move and manage billions of dollars each year, NEOVIA Financial Plc is a leading alternative payments business. Through the NEOVIA Payment Network, merchants use the NETBANX® processing service to simplify how they accept and settle card, direct-from-bank, and cash payments, and the NETELLER® payment account to increase margins, capture new customers and increase customer lifetime values. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange’s AIM, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer.

For more information about NEOVIA Financial visit www.neovia.com or subscribe at www.neovia.com/feeds/.

Media and Investor Contacts

NEOVIA's media relations can be contacted through the Media Relations Contact page. NEOVIA investor relations are managed by Citigate Dewe Rogerson. Contact them through the Investor Relations Contact page.