Unified Payments enables payment acceptance services for
leading travel distribution and booking provider
MIAMI, FL-(NewMediaWire - Jan 6, 2017) - Net Element,
Inc. (NASDAQ:
NETE) ("Net Element" or the "Company"), a provider of global
mobile payment technology solutions and value-added transactional
services, today announces that its subsidiary Unified Payments has
entered into an agreement and launched payment acceptance services
for ReservHotel, a leading provider of travel
distribution and booking solutions for hotels worldwide.
This contract further highlights Net Element's capabilities as a
global payment acceptance platform that facilitates cross-border
transactions through a comprehensive range of services that
includes on-boarding interface, extensive suite of fraud protection
solutions, data analytics and reporting tools.
ReservHotel is a travel distribution and booking solutions
company that offers Global Distribution System ("GDS") connecting
to over 500,000 travel agencies around the world, an award winning
booking engine, channel management services to seamlessly manage
rates and promotions on Hotels.com, Expedia, Booking.com,
Hotelbeds.com, Travelocity, Orbitz, Trivago and Agoda, web
solutions, analytics and voice reservation services. Its clients
include Couples Resorts, Grand Lucayan Bahamas, Palace Resorts,
Pueblo Bonito Oceanfront Resorts and Spas and Peermont Global among
others. ReservHotel is a member of the Caribbean Hotel Association
and certified by TripAdvisor.
"We are fortunate to be partnering with ReservHotel, a premier
travel booking solution provider for independent hotels worldwide,"
commented Oleg Firer, CEO of Net Element.
"We are excited about partnering with Net Element; not only can
they provide a comprehensive solution for our hotel client's
payment needs, but they can adapt to work with different currencies
and countries around the world which is critical for our
independent hotels," commented Luis Barberi, CEO of
ReservHotel.
About ReservHotel
ReservHotel is an international marketing and service company for
hotels worldwide. ReservHotel's signature, high-tech, reservation
systems have propelled its growth and success in this select
markets since 1991. The influence of ReservHotel technological
advancements has been widespread making it one of the largest and
most innovative hotel representative companies in this industry
today. Based in Miami, Florida, USA, ReservHotel's extended
presence reaches throughout the world with international offices in
Mexico, Brazil, South Africa, Australia, and now Brussels, Belgium
where its European Headquarters are located. Further information is
available at: https://www.reservhotel.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, we are
growing transactional revenue with innovative services including
our 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 Russia, 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 the relationship with ReservHotel will be
beneficial to the Company, 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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