Small-Cap Investor Forum

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Net Element Inc. (NETE) Restaurant Customers Benefit from Company’s mPOS Software Improvements

2014 was the year that Mobile Point of Sale applications (mPOS) took off like a rocket. Deployments of mPOS were being launched around every corner and existing mobile point of sale players began to tweak and expand their products and integrate additional functionality into their existing POS platforms. Industry experts in unison ended the year convinced that 2014 was the year that truly proved that mPOS was well on its way to changing the retail payment landscape for evermore.

Net Element Inc. subsidiary Aptito LLC recently rolled out version 2.3 of its cloud-based mobile point-of-sale platform. Aptito’s all-in-one restaurant and bar POS and business management software gives restaurants the tools to reduce payroll costs, improve efficiency, and increase customer satisfaction. The new mPOS version 2.3 is optimized for iOS 8.1.2 and is compatible with any iPhone 4 through 6, as well as the iPod Touch.

Mr. Oleg Firer, Net Element’s CEO noted, “We are continuously advancing our technology to enhance product functionality for the benefit of our customers, and today we’re pleased to introduce to the marketplace our latest innovation, Aptito mPOS version 2.3. One of the primary features of the new mPOS platform is its extended compatibility and significant overall redesign. Together, these updates and improvements result in numerous innovative advantages.”

mPOS version 2.3 includes numerous innovations such as:

• Apple iOS 8.1.2, iPhone 6 & 6 Plus optimization
• Pay at the table functionality using secure, card reader technology
• Cardholder signature screen on checkout with signature capture and storage
• User interface redesign for greater simplicity in operation
• Local server integration supporting internet downtime and offline mode

Average monthly rate of software licensing revenue for the platform increased 8.2% when NETE rolled out Aptito 2.0 in Q4 last year. The Company anticipates continued momentum from the release of mPOS version 2.3.

Net Element, a technology company, specializes in mobile commerce and payment processing for electronic commerce in the United States, Russia, and the Commonwealth of Independent States. It operates in one segment, Transactional Processing and Mobile Payment Solutions. The company provides technology and services that businesses require to accept cashless transactions for the SME business under the Unified Payments brand. The company is based in North Miami Beach, Florida.

For more information on the company, visit www.netelement.com