YOUTELLER PROCLAIMS NO LINK WITH NETELLER

16 March 2007

Disclaimer published following approach by Neteller lawyers

The legal move by Isle of Man e-wallet Neteller to warn newcomer YouTeller against infringing on its brand (see previous InfoPowa report) seemed to bear fruit this week when a disclaimer appeared on the YouTeller website.

Authored by YouTeller's London-based parent group, the disclaimer advised: "Seed Capital Ltd. is not affiliated with, related to or endorsed by NETeller Plc."

YouTeller remains something of an enigma with very little additional information appearing about the new e-wallet and the businessmen behind it. Some rumours have suggested that those involved have previous online gambling industry exposure, but no evidence has been produced to support this.

The newcomer certainly does not appear at present to have big plans; its sole spokesman, one Florian Schweitzer has advised in various responses that YouTeller is based on the Google G-mail model which builds business on referrals from members. And it has said that its infrastructure could not handle the volume of a full public opening and still meet its goal of providing "stable service and reliable Support."

Schweitzer revealed earlier this year that during the of month March 2007 YouTeller.com will invite 1 000 applicants to become members, apparently already signed up during the pre-registering period. Public account registration is "not planned within the next few months".

"Our target group are people who play community-orientated online games like poker, chess or role-playing games," the spokesman said, revealing that a Euro 150 limit would be in force on each account to discourage money-laundering or terrorist activity.

Online Casino News courtesy of InfoPowa

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