Global technology and value-added solutions group Net Element (NASDAQ: NETE) on Wednesday released its
financial results for the first quarter ended March 31, 2019 and provided a
business update. Net Element also hosted a conference call and webcast on May
16, 2019 to discuss first quarter 2019 financial results and business
highlights, and a recorded replay of the webcast is available on the company’s website.
“We are pleased with our first quarter results and ongoing progress our team
has made to improve gross margins through use of scalable infrastructure and
penetration of value-added technologies,” Net Element CEO Oleg Firer said in
the news release. “We remain focused on reaching profitability as we continue
to scale our business in the selected markets.”
To view the full press release, visit http://ibn.fm/j8oeU
About Net Element Inc.
Net Element (NASDAQ: NETE) operates a payments-as-a-service
transactional and value-added services platform for small to medium enterprise
(“SME”) in the United States and selected emerging markets. In the U.S., the
company 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 and 2018 Technology Fast 500. In 2017, Net
Element was recognized by South Florida Business Journal as
one of 2016’s fastest-growing technology companies. Further information is
available at www.NetElement.com.
NOTE TO INVESTORS: The latest news and updates
relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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