Ukash Ordered David Hunter As New Chief Operating Officer

Industry expert assumes the Executive Chair at the eMoney network Ukash London, February 7, 2011: Ukash, global eMoney network, has announced the appointment of David Hunter as the new Chief Executive Officer (CEO). The former boss of ClickandBuy and paysafecard takes over immediately, the management of the London-based payment experts. I am very forward, as part of Ukash to lead the next stage of development of the company,”the new CEO said. In recent years, Ukash has evolved from an alternative payment method to a global network of eMoney. Today, Ukash is used by consumers on six continents. This network offers a variety of opportunities to us while we are working to build up Ukash as the global market leader for electronic payments on the basis of cash. To achieve this goal is a challenge that appeals to me immensely!” Ashley Head, Chairman of the Board at Ukash, commented on the appointment of the new Board of Directors: David Hunter is a well established and experienced figure within the payment industry.

His knowledge and his enthusiasm for this market is an enormous asset to Ukash. We are experiencing an exciting time, and I know that Ukash will benefit hunters from David vision. I look forward, to build on recent successes and develop Ukash.” In the past six years, David Hunter has rebuilt the eMoney shops for British Telecom, ClickandBuy, paysafecard and managed. Due to his success in establishing young prepaid business on a profitable growth track, he considered icon in the area of cash-based electronic payment. Ukash is available at 420,000 points of sale in over 50 countries, and allows the use of cash on the Internet – consumers regardless of bank account or private computer. ING MEDIA 2011

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