SOURCE: Net Element, Inc.

Net Element, Inc.

June 18, 2015 08:57 ET

Net Element's Pending Acquisition PayOnline Launches Mobile Payment Solution for iOS

Adds iOS (iPhone & iPad) to Existing Windows and Android Processing Capabilities

MIAMI, FL--(Marketwired - Jun 18, 2015) - Net Element (NASDAQ: NETE) today announced the release by PayOnline of a new mobile payments solution for iOS (iPhone or iPad) mobile apps.

Net Element currently manages, operates and is in the process of integrating the PayOnline group of companies pending closing of Net Element's acquisition of the company.

The new software developer kit (SDK) enables integration of PayOnline transaction processing into iPad and iPhone apps.

Ural Airlines, Russia's sixth largest airline, is one of the first PayOnline clients to accept payments using an iOS app.

PayOnline estimates 19% of its online payments processed during the first quarter were via mobile -- an increase of 157% year-over-year, with 59% of those being iOS (iPhone, iPad).

"Our Pay-Mobile solution combines cutting edge mobile payments innovation with stability and security, baseline components of all PayOnline products," commented Marat Abasaliev, PayOnline General Director.

About Net Element 
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service platform for small to medium enterprises ("SME") in the US, Russian Federation and other international markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant 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, India and Latin America. It maintains offices in Miami, FL and in Russia. Further information is available at www.netelement.com.

About PayOnline
The PayOnline group of companies are pending subsidiaries of Net Element. They provide innovative payment solutions to thousands of Internet merchants in the Russian Federation, Europe, Asia and North America. PayOnline maintains offices in Russia and Cyprus.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 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. These forward-looking statements include, without limitation, whether the Company's pending acquisition of PayOnline will be finalized, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company's objectives. 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 and the subsequently filed 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.

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