as reported in the LadyLuck Times, Aug. 7, 2007

NETeller starts returning funds

NETeller returned to the London Stock Market last week after several months of suspended trading due to the legal case that was being tried in the US.

It has now begun the process of returning some $94 million in frozen funds back to the rightful owners.

Following an agreement made by the company with the US prosecutors, NETeller stated that customers should receive emails this week if they have funds due back to them. When they get this, they may withdraw their money back to their bank accounts.

Strange as it may seem, but NETeller showed no signs of backing out of the iGaming sector as it also announced in the same press release that it had signed as the premium sponsor for the upcoming European iGaming Congress and Expo held in Barcelona.

I think although the US is pressuring various organisations to conform to their will, it would seem that even with the harsh overtones of the UIGEA, companies will strive to find a way to continue operating and supplying customers with a service which clearly they are demanding.