MIAMI, FL--(NewMediaWire - Dec 21, 2016)
- Net Element, Inc. (NASDAQ: NETE)
("Net Element"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces
its strategic partnership with E2Exchange Ltd ("E2Exchange" or
"E2E"), a scale-up-focused organization that supports entrepreneurs
and facilitates entrepreneur-to-entrepreneur information exchange,
equity-funding transactions, and recruitment.
As part of this strategic partnership, members of E2Exchange
will benefit from access to Net Element's global multi-channel
payment services offering. It is contemplated that the Company
will contribute content for the benefit of E2E members as well as
participate in relevant events. Additionally, Net Element CEO Oleg
Firer has joined E2E's advisory board.
Entrepreneurs who operate companies, regardless of size, use E2E
to make connections, find investment and deal opportunities, source
non-executive directors, and exchange cutting-edge ideas. E2E is
also involved with education and high-level lobbying to further the
interests of entrepreneurial business. In furthering these goals,
Sir Richard Branson, honorary president of E2E, presides over the
board of directors comprising some of the UK's highest profile
business leaders.
Shalini Khemka, founder and chief executive officer of E2E,
says, "We are very excited to have entered into this strategic
partnership with Net Element. Our fast-growing community of members
can now access Net Element's extensive range of payment acceptance
services and its experience in streamlining payment processes for
fast growing companies. This will be tremendously beneficial for
our members in addressing global payments as they seek to expand
and enhance their businesses."
With significant success growing its own international presence,
Net Element will lend its experience and expertise to assist E2E
members as they work to achieve their specific growth
strategies.
"We are honored to partner with the growing E2E network,"
commented Oleg Firer, CEO of Net Element. "We look forward to
helping E2E members address their global commerce needs, and I am
excited to join the E2E advisory board and help companies evaluate
their payment needs as they grow internationally."
About E2Exchange
E2Exchange Ltd ("E2Exchange" or "E2E") is an established network of
highly successful entrepreneurs: creating an exchange between
entrepreneurs, investors, experienced non-executive directors,
business leaders, government influencers and professional service
providers. E2E guides entrepreneurs through the vital decisions to
overcome barriers to growth by creating connectivity, raising
investment, recruiting non-execs and providing exceptional
services. Founded in 2011, E2E is a dynamic community of over
12,000 entrepreneurs, investors, non-execs and partners. E2E is a
hub for the progress of the UK's entrepreneurial community --
businesses at the scale-up stage -- helping to accelerate growth
for the benefit of their businesses as well as the UK economy. E2E
has a board of world-class entrepreneurs providing sage advice,
with the battle scars to prove it. E2E also wants to develop the
next generation of entrepreneurs by inspiring early. Further
information is available at www.e2exchange.com.
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
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. 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 whether the relationship with E2Exchange will
positively impact the Company. Additional examples of such
risks and uncertainties are : (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, 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.