SOURCE: MissionIR

MissionIR

October 01, 2014 14:00 ET

MissionIR Exclusive Audio Interview With Net Element CEO Oleg Firer

ATLANTA, GA--(Marketwired - Oct 1, 2014) - MissionIR today announces the online availability of its interview with Net Element, Inc. (NASDAQ: NETE) Chief Executive Officer Oleg Firer. The full audio interview is available http://nete.missionir.com/nete/interview.html.

Net Element is a technology-driven group specializing in mobile payments and value-added transactional services to small-sized and medium-sized businesses in emerging countries and the United States. The company's innovations enable consumers to conduct commerce transactions from their mobile device, while online and offline payment capabilities allow merchants to reliably transact business anywhere and anyhow.

Leadership is invaluable to any company's success, and Net Element CEO Firer leads the company with 12 years of experience in the payments business backed by expertise in M&A and payments-based technology. He is also the founder of Unified Payments, which in 2012 was ranked the No. 1 fastest growing company by Inc. 500 Magazine.

In the interview, Firer further details his background, the experience of his supporting management team, as well as his outlook for the mobile payments industry.

"It is evident there is already a huge shift from cash transactions to alternative payment methods; I am a firm believer in the growth opportunities in this industry. The market is huge -- it's a multi-billion dollar market today, and I believe it's growing rapidly ... over 60 million potential iPhone 6 and iPhone 6 Plus users will be able to transact in mobile commerce in the near future using newly introduced Apple Pay service," he said.

Competing in a market of this caliber requires forethought and strategy, and if Net Element's milestones for 2014 are telltale, the company has a clearly defined path toward success. Among those achievements, Net Element secured several multi-million dollar financings; most recently, the company completed a $16 million debt exchange transaction; divested non-core assets; sharpened its focus on transactional mobile payments; and achieved an impressive debt-free status.

Moving forward, Net Element aims to maintain its momentum for accelerated growth.

"The goals for the company are to grow revenues substantially, to turn profitable and to have sustained profitability on a go-forward basis. The sky is the limit from here. We are looking to make a strong foothold in this industry," said Firer.

Wrapping up the interview, Firer discusses key company partnerships that support Net Element's next stage of expansion particularly in Russia and the Commonwealth of the Independent States, which included the most recent financing of $11 million from Alfa-Bank, Russia's largest private bank.

"We're very proud of our new partners that believe in the company and put their money where their mouth is. It's really encouraging for us and we are confident that the company will achieve its goals," he concluded.

About Net Element, Inc.
Net Element, Inc. (NETE) is a global financial technology-driven company specializing in mobile payments and transactional services in emerging countries and in the U.S. The company operates its business through its global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia's second largest telecommunications operator. NETE has global development centers and high-level business relationships in the U.S., Russia and Commonwealth of Independent States. 

For additional information, please visit the Company's corporate Website: www.NetElement.com

This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

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