News and Press Releases:


NEOVIA Announces Departure of Ron Martin, Chief Executive Officer

Thursday, 21 May 2009 – Further to the announcement made on 13 March 2009, NEOVIA Financial Plc (LSE: NEO) (“NEOVIA” or the “Group”), the independent global online payments business, confirms that Mr Ron Martin, President & CEO of NEOVIA, will leave the Group and step down as a Director of the Board on 31 May 2009. Mr Dale Johnson, Chairman of the Board, will assume executive responsibility for the Group until a new CEO has been appointed.

The Board has commenced a process to select a new Group Chief Executive Officer and good progress is being made in this regard.

During the interim period until a new CEO is appointed, Dan Starr, Executive Vice President, and Doug Terry, Chief Financial Officer, will assist the Chairman in the day-to-day executive management of the Group’s business. These responsibilities are in addition to their existing roles. This is part of a broader reorganisation to focus the Group’s efforts on meeting the current challenges facing the business.

Mr Johnson commented “On behalf of the Board and management team, I would like to thank Ron for his significant contribution to the Group over four challenging years. In the current challenging market conditions, the Board and management team are focused on maximising revenues in the short term, maintaining control over costs and preserving cash to deliver value for all shareholders.”


About NEOVIA Financial Plc

Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA specialises 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 NEOVIA to support thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Limited 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.