| YouTeller No Interest in Being Acquired by NETeller |
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| Written by Thomas Jensen | |||||||
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Thursday, 19 April 2007
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 Seed Capital Ltd. denies the rumor that NETeller Plc will be taking over the company and its YouTeller.com website. The London based technology company has no interest in being acquired.Last month, Point-Spreads.com reported that NETeller's legal counsel demanded in a formal letter that YouTeller.com cease and desist from conducting business under the name YouTeller. The letter stated, "Such use by Seed Capital Ltd. causes confusion, including initial interest confusion leading to persons familiar with the teller-suffixed brand of services to believe Seed Capital Ltd. is somehow affiliated with, related to or endorsed by our client.” Seed Capital Ltd. decided to delay the launch of their new payment processor YouTeller.com. "It is in everyone's interest that YouTeller will not be confused with NETeller," said Seed Capital spokesman Florian Schweitzer. If Seed Capital will not be able to make the legal situation clear the company will introduce an all-new online payment system next summer. "We are not interested in a traditional online payment system. We have developed a service that is tailor-made to the current challenges", Schweitzer emphasizes. "US customers will be able to transfer money to gaming companies again. It's just a matter of time.”                        |
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| Last Updated ( Thursday, 19 April 2007 ) | |||||||