MIAMI, FL, Jan. 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that
supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), today announces it has been
named one of the top 10 retail payment consulting/services companies of 2018 by Retail CIO Outlook magazine.
With so many payment service providers entering the industry, Retail CIO Outlook set out to identify the very best of the best
among them in order to help organizations pick the right payment service providers/consultants to meet their needs.
In compiling its list of “Top 10 Retail Payment Consulting/Services Companies – 2018,” Retail CIO Outlook assembled a
distinguished selection panel consisting of CEOs, CIOs, VCs, industry analysts and its own editorial board, which then selected 10
outstanding payment services/consulting companies that exhibit innovative capabilities and strategies. In choosing its finalists,
Retail CIO Outlook’s selection panel considered each vendor’s ability to deliver solutions and services that effectively yet
economically account for a productive payment service offering, also considering the factor of time-focused delivery.
“Being selected as one of Retail CIO Outlook magazine’s top 10 payment services providers is a tremendous honor,” said Andrey
Krotov, chief technology officer for Net Element. “This recognition attests to our commitment to our merchants and shareholders to
strive for excellence.”
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., the Company aims to grow transactional revenue
by innovating SME productivity services using various technology solutions and Aptito, our 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 we were recognized by South Florida Business Journal as one of 2016's fastest-growing technology
companies. Further information is available at www.NetElement.com.
Forward-Looking Statements
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. 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; and (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, 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.
Contact: Net Element, Inc. +1 (786) 923-0502 www.NetElement.com Media@NetElement.com Corporate Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office Editor@NetworkNewsWire.com