MIAMI, FL--(NewMediaWire - Oct 13, 2017) - Net
Element, Inc. (NASDAQ: NETE) ("Net Element" or
the "Company"), a global financial technology and value-added
solutions group that supports electronic payments acceptance in an
omni-channel environment spanning across point-of-sale (POS),
e-commerce and mobile devices, today reported significant growth in
Unified Payments, its North America Transactions Solutions Segment
division.
Total e-commerce volumes for the first half of 2017 increased by
33% from the first half of 2016. Transactions processed for the
first half of 2017 increased by 34% over the same period in 2016.
New e-commerce merchants for the first half of 2017 increased by
37% over the same period in 2016.
Total volumes for electronic commerce and value-added integrated
services such as Aptito and Unified m-POS increased by 134% during
the first half of 2017 over the same period in 2016. Transactions
processed for the first half of 2017 increased by 84% over the same
period in 2016. New merchants for the first half of 2017 increased
by 43% over same period in 2016.
"Unified Payments continues gaining market-share by delivering
competitive e-commerce, mobile point of sale and integrated value
added services through easy-to-use technology such as Apple
iOS and Android apps while providing exceptional
customer service, technical support and fast merchant on-boarding,"
commented Oleg Firer, Chief Executive Officer of Net
Element. "We are confident in our ability to continue
executing our growth strategy and are excited about the Company's
future."
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 and retail 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. Net Element was named in
2016 by South Florida Business Journal as one of the fastest
growing technology companies. 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 Company will be successful in its
delisting appeal with Nasdaq, its expansion and growth endeavors
and in entering into new partnerships; and even if it is
successful in any or all of these endeavors, whether this will
positively impact the Company or result in improved shareholder
value. 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.