Net Element Appoints Jon 'Dr. J' Najarian to Board of Directors
March 08 2018 - 8:30AM
CNBC cast member of the “Halftime Report” and “Fast
Money” joins Net Element’s board of directors
Net Element, Inc. (NASDAQ: NETE) (“Net Element” or
the “Company”), a global technology and value-added solutions group
that supports electronic payments acceptance in a multi-channel
environment including point-of-sale (POS), e-commerce and mobile
devices, today announces that Mr. Jon Najarian has joined Net
Element’s board of directors and will serve as a member of the
Company’s Audit, Compensation, Nominating and Corporate Governance
committees.
Net Element CEO Oleg Firer commented, “We are excited to have
Jon join our board. He brings extensive financial, capital markets,
cryptocurrency and blockchain insights to Net Element, and we look
forward to his advice and direction as we move ahead with corporate
initiatives.”
Najarian commented, “I am impressed with Net Element’s
technologies and its goals to disrupt the payments industry through
innovation and value-added service offerings that include its
recently announced plans for a decentralized blockchain platform. I
am excited for what the future holds for Net Element, and am eager
to support and advise on the Company’s current strategy. I look
forward to joining the team.”
Najarian is a professional investor, money manager and media
analyst. He is a co-founder of Investitute, LLC, the industry
leading options education firm that recently launched “Crypto
Basics,” new educational course which covers the basics of
cryptocurrency, blockchain technology, altcoins and Initial Coin
Offerings (ICOs). Najarian is also a host of the International ICO
Channel, a part of CoinBoost, whose goal is to bridge the divide
between blockchain and mainstream media by offering distribution to
traditional financial media outlets. In 2016, Najarian and his
brother Pete co-founded Najarian Advisors, a company advising
institutional investors on options strategies. The brothers invest
in and work with start-ups via Rebellion Partners, a venture
consulting firm they launched in 2015.
Najarian can be seen weekly on CNBC, where he is a cast member
of the “Halftime Report” and the “Fast Money” show. Najarian is
also the feature of the “DRJ Report” on CBOE-TV, the exchange’s
popular webcast.
Najarian was a linebacker for the Chicago Bears before he
focused his attention to trading on the Chicago Board Options
Exchange (“CBOE”). He became a member of the CBOE, NYSE, CME and
CBOT and worked as a floor trader for 25 years. In 1990, he founded
Mercury Trading, a market making firm at the CBOE, which he sold in
2004 to Citadel, one of the world’s largest hedge funds. In 2005,
Najarian co-founded optionMONSTER and tradeMONSTER – he negotiated
a partnership with General Atlantic Partners in 2014, which then
began a roll-up strategy, resulting ultimately in a sale to E*Trade
for $750 million in September of 2016. Najarian developed and
patented trading applications and algorithms used to identify
unusual activity in stock, options, futures and cryptocurrency
markets. optionMONSTER, an options news and education site was
described by Securities Industry News as “content king of the
options business.”
Najarian’s CNBC Profile Page is available at:
https://www.cnbc.com/jon-najarian
Follow Najarian on Twitter: @jonnajarian
The Company’s 8-K filing reflecting the appointment was filed
with the Securities and Exchange Commission (SEC) on March 8, 2018
and is available on the SEC’s website.
About Net ElementNet Element, Inc. (NASDAQ:
NETE) operates a payments-as-a-service transactional and
value-added services platform for small to medium enterprise
("SME") in the U.S. and selected emerging markets. In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services using blockchain technology solutions and Aptito, our
cloud based, restaurant and retail point-of-sale solution.
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. Net Element was ranked as one of the fastest growing
companies in North America on Deloitte's 2017 Technology Fast 500™.
In 2017 we were recognized by South Florida Business
Journal's as one of 2016's fastest growing technology companies.
Further information is available at www.netelement.com.
Forward-Looking StatementsSecurities 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: (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.
Net Element, Inc.
1-786-923-0502
media@netelement.com
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