Global technology and value-added solutions group Net
Element (NASDAQ: NETE) this morning released a letter to its shareholders from
its CEO Oleg Firer that highlights 2018 milestones and plans for the year
ahead. According to the update, NETE’s 2018 accomplishments include the
acquisition of recurring cash flow portfolio from Argus Merchant Services,
projected to add over $4 million in gross profits over the next 4 years;
ranking on Deloitte’s 2018 Technology Fast 500; winning two categories at ACQ5
Global Awards 2018, with CEO named “Gamechanger of the Year”; and strategic
appointments of Jon Najarian of CNBC “Halftime Report” and “Fast Money,” and
Jonathan Fichman, fintech & startup executive to Net Element’s board of
directors. “For us, 2018 was a year of continued organic growth in the United
States,” CEO Oleg Firer stated in the update. “We strengthened our competitive
posture by focusing on value-added payment solutions, and along the way
executed several complex initiatives, took bold steps to increase our gross
margins, and were again regarded as one of the fastest growing technology
companies in America.”
To view the full press release, visit http://ibn.fm/1ZVii
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 U.S. and selected emerging markets. In the
U.S., it aims to grow transactional revenue by innovating SME productivity
services using blockchain technology solutions and Aptito, the company’s cloud
based, restaurant and retail point-of-sale solution. 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. Net Element was ranked as one of the fastest growing companies in
North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was
recognized by South Florida Business Journal’s as one of 2016’s fastest growing
technology companies. Further information is available at www.NetElement.com.
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