Net Element's CEO Honored With South Florida Business Journal's "40 Under 40" Award
June 27 2016 - 10:03AM
InvestorsHub NewsWire
MIAMI, FL--(NewMediaWire - Jun 27, 2016) - Net
Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a
provider of global mobile payment technology solutions and
value-added transactional services, announced today that its CEO,
Oleg Firer, was honored among the top 40 Under 40 Class of 2016 by
the South Florida Business Journal. Each year, the publication
recognizes business leaders under age 40 who have made a
significant impact in their field of expertise, their community and
their companies.
The individuals selected for the 40 Under 40 award will be
recognized at the South Florida Business Journal 40 Under 40 event
on August 5, 2016, for more details, visit http://www.bizjournals.com/southflorida.
"I am honored to be recognized by the South Florida Business
Journal," commented Oleg Firer. "Although this is a personal award,
this recognition is a tribute to the hard work and the commitment
of every member of the Net Element team."
About Net Element
Net Element, Inc. (NASDAQ: NETE ) operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise ("SME") in the US and selected emerging markets. In the
US it aims to grow transactional revenue by innovating SME
productivity services such as its cloud based, restaurant
point-of-sale solution Aptito. Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched. Further information is available at www.netelement.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any statements contained in this press release that are
not statements of historical fact may be deemed forward-looking
statements. Words such as "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, whether Net Element can secure any additional financing
and if such additional financing will be adequate to meet the
Company's objectives. All forward-looking statements involve
significant risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the
control of Net Element and are difficult to predict. Examples of
such risks and uncertainties include, but are not limited to: (i)
Net Element's ability (or inability) to obtain additional financing
in sufficient amounts or on acceptable terms when needed; (ii) Net
Element's ability to maintain existing, and secure additional,
contracts with users of its payment processing services; (iii) Net
Element's ability to successfully expand in existing markets and
enter new markets; (iv) Net Element's ability to successfully
manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs
and actual or contingent liabilities; (vi) the ability to attract
and retain qualified employees and key personnel; (vii) adverse
effects of increased competition on Net Element's business; (viii)
changes in government licensing and regulation that may adversely
affect Net Element's business; (ix) the risk that changes in
consumer behavior could adversely affect Net Element's business;
(x) Net Element's ability to protect its intellectual property;
(xi) local, industry and general business and economic conditions;
(xii) adverse effects of potentially deteriorating U.S.-Russia
relations, including, without limitation, over a conflict related
to Ukraine, including a risk of further U.S. government sanctions
or other legal restrictions on U.S. businesses doing business in
Russia. Additional factors that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent annual
report on Form 10-K and the subsequently filed quarterly reports on
Form 10-Q and current reports on Form 8-K filed by Net Element with
the Securities and Exchange Commission. Net Element anticipates
that subsequent events and developments may cause its plans,
intentions and expectations to change. Net Element assumes no
obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by law.
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