Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation Of Net 1 UEPS Technologies Inc.

Dec 03, 2013, 08:30 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Dec. 3, 2013 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Net 1 UEPS Technologies, Inc. ("Net 1" or the "Company") (NasdaqGS: UEPS-News).  Such investors are advised to contact Peretz Bronstein or his investor Relation's coordinator Eitan Kimelman at or 212-697-6484.

The investigation concerns whether Net 1 and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  On November 29, 2013, shares of Net 1 fell 3.34 or 28.9% to close at $8.19 after the Company announced that the South African Constitutional Court ruled that the tender process followed by the South African Social Security Agency in awarding a contract to Net1's wholly owned subsidiary Cash Paymaster Services (Proprietary) Limited was constitutionally invalid.  The Company has previously been the subject of a U.S. government investigation into violations of the Foreign Corrupt Practices Act in South Africa.

If you are aware of any facts relating to this investigation, or purchased shares of Net 1 UEPS Technologies, Inc., you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484

SOURCE Bronstein, Gewirtz & Grossman, LLC