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Payment Technology Innovator Net Element, Inc. (NASDAQ: NETE) Honored with ACQ5 Awards for Game-Changing Presence

  • Net Element recognized as Payment Solutions Provider of the Year and Scale-up Company of the Year (Payment Solutions) by industry leaders
  • Company CEO Oleg Firer received news magazine ACQ5’s ‘Gamechanger of the Year’ award
  • Net Element’s quarterly report shows growing revenues as company provides specialized payment solutions to varied industries

Mobile payment technology innovators at Net Element, Inc. (NASDAQ: NETE) were recognized for their visionary approach to the global payment services industry this month when international corporate magazine news site ACQ5 announced its annual Global Awards (http://nnw.fm/a9PCn) honoring companies “whose activities set the standard for their markets.”

Net Element, a Miami, Florida-based company with global reach, was honored as ‘Payment Solutions Provider of the Year’ for the Americas and ‘Scale-up Company of the Year (Payment Solutions)’ for the Americas. Net Element CEO Oleg Firer was honored as ‘Gamechanger of the Year’ for the Americas.

“Our goal at Net Element is to be exactly as represented by the award we won — a gamechanger for the payments services industry by providing our merchants with seamless multi-channel payment solutions, value added services and creating value for our shareholders,” Firer stated in a news release recognizing the honors (http://nnw.fm/ZoOU5).

ACQ5 is an English-language magazine news portal for corporate executives that boasts 168,000 subscribers and is in its 13th year of recognizing industry leaders through its Global Awards, which draw on readers’ insight and experience during the nomination process to return a graded analysis of companies’ market performance, responsiveness, value for money and experience.

Net Element’s VIP Payments solution supports hotel and tourism industry enterprises with specialized payment procession technology (http://nnw.fm/cyF4L). Its subscription-based, online solution supports the e-commerce and B2B networking needs of brick and mortar businesses (http://nnw.fm/5xVcp). The company’s Aptito program serves the restaurant industry (http://nnw.fm/R4hr3), and its Unified Mobile Payments division is catered to the needs of the kiosk and truck vendor market (http://nnw.fm/qs4FD).

Net Element is also positioned as the only Nasdaq-listed U.S. company ready to benefit from growth in electronic payment services in Russia, thanks to its partnership with Sputnik Bank to offer third-party bank processing to other banking institutions throughout the country (http://nnw.fm/O1n2l). Russian banks have relied on personal, in-house systems that are showing their age as they continue to operate on technological standards established in the wake of the Soviet Union’s dissolution in the early 1990s.

The company’s quarterly report, issued on November 14, noted year-over-year revenue growth of $2.3 million for the most recent quarter and nearly $5 million in year-to-date growth. Operating expenses remained flat (http://nnw.fm/eG5ID). At an annual meeting of the company on November 27, stockholders approved an amendment to the company’s 2013 Equity Incentive Plan to increase the number of available common stock shares by 178,900 in order to attract new investment with a long-term outlook for the company (http://nnw.fm/5ultL).

For more information, visit the company’s website at www.NetElement.com

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