NO YOUTELLER FOR NOW

20 April 2007

Embryo UK e-wallet delays launch

The UK parent company of new e-wallet option YouTeller has postponed its imminent launch, apparently as a consequence of trademark litigation by Isle of Man based NETeller plc.

London based Seed Capital Ltd. announced that it had decided to delay the launch to avoid confusion with its considerable larger and more established rival NETeller.

Spokesman Florian Schweitzer said: "It is in everyone's interest that YouTeller will not be confused with NETeller." He hinted that if Seed Capital cannot resolve current legal issues [presumably with NETeller) the company may have to postpone its offering under a new branding until next [UK] summer.

Schweitzer appeared to take a bullish line on the US legal situation following recent World Trade Organisation ruling, saying: "US customers will be able to transfer money to gaming companies again. It's just a matter of time." He intimated that YouTeller is part of an international lobbying task force working on the US problem via the WTO and the European Union.

Online Casino News courtesy of InfoPowa

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