Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that its Aptito subsidiary will exhibit at the 2017 Florida Restaurant & Lodging Show scheduled to take place from October 11-13 at the Orange County Convention Center in Orlando, Florida. The event is expected to provide Aptito with added exposure as it unveils its most comprehensive Restaurant POS placement program to the market. “We are very excited to showcase our Aptito POS solution and kick off our North America road show to present our solution to merchants across the United States,” Vlad Sadovskiy, President of Integrated Payments for Net Element, stated in the news release. “Our simple all inclusive EMV POS offering and comprehensive features are sure to streamline operations at any restaurant.”
This morning’s update comes just a day after Net Element announced a one-for-ten reverse stock split of its common stock, effective today (http://nnw.fm/pcC5Q). The reverse split, which reduced the company’s total number of outstanding shares from approximately 22 million to roughly 2.2 million, is intended to increase Net Element’s price per share in order to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.
To view the full press release, visit http://nnw.fm/p5LXZ
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.
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