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Net Element, Inc. (NETE)

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Net Element is a global technology company delivering a range of electronic payment solutions that enable merchants of all sizes to process transactions through various integrated platforms. Ranked as one of South Florida Business Journal's Top 25 Fastest-Growing Technology Companies, Net Element bases its products around a set of innovations that enables it to compete in select, competitive market segments.

The Florida-based company owns and operates a global mobile payments and transactional processing provider TOT Group, Inc., parent company to: Unified Payments, which was recognized by Inc. Magazine as the #1 Fastest Growing Company in America in 2012; Aptito, a next generation cloud-based point-of-sale ("POS") payments platform; Restoactive, a seamless digital add-ons for legacy POS systems; Digital Provider, a leading provider of SMS messaging and mobile billing solutions; and Payonline, a fully integrated processor agnostic electronic commerce platform.

Revenues are primarily driven by transaction fees, and the company continues to see increased acceptance and adoption of its mobile and online payments. In 2015 alone, the company processed 51.2 million bankcard transactions in North America. The same year, Net Element processed 90 million transactions in CIS and the Russian Federation in 2015, as well as 19.5 million mobile transactions in emerging markets.

Net Element's domestic strategy is to grow transactional revenue through the innovation of SME productivity services such as its signature POS solution, Aptito. The broader North America market strategy is to expand distribution while exploring new products, services, and value-added offerings.

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. With a growing physical presence in Central Asia, Net Element has a portfolio of international clients that includes Nokia, Samsonite, Papa Johns, Microsoft, Norton by Symantec, Alawar Entertainment and many others.

Laying the groundwork for sustained growth, Net Element continues to focus on improvement and investments in its core technology and new product offerings. The company allocates its resources, along with the extensive experience of its management team, to foster growth in payment processing and the worldwide mobile payment industry, which is forecast to surpass $1 trillion in 2019.

 


Investment Highlights

  • Innovative solutions that support a range of applications within one robust platform
    Disruptive product offerings that create new market value for merchants and the payments ecosystem
    Aggressive sales strategy achieves quick results through aggressive, innovative sales incentives
    Focused on emerging markets with a growing preference for innovative mobile technology
    Strategic payment-as-a-service model enables the development of innovative technologies and acquisition opportunities

 


Services

Net Element's mission is to power global commerce and allow each client to conduct business globally. The company believes that understanding the consumer behavior and the needs of its merchant-clients is the most effective and profitable means to accomplish this mission. The vision is to set the standard for omni-channel payments acceptance and value-added service offerings with focus on the creation of a unified global transaction acceptance ecosystem. To enforce this mission, the company provides a number of services to fit any merchant's needs.

MOBILE PAYMENTS
Accept payments anytime, anywhere. Net Element's Mobile Payments app is available for most devices.

VALUE-ADDED SERVICES
Cloud-based solutions that are built to increase productivity and enhance revenue for the company's clients and partners.

MARKETING SOLUTIONS
From product reviews and recommendation engines to wish lists and product comparisons, Net Element turns lookers into buyers.

BUSINESS ANALYTICS
Easily monitor your business metrics, engage with customers, and compare your business to competitors - all in one dashboard.

 


Companies

Net Element's TOT Group, Inc. is a multinational mobile payments and transaction processing holding company providing a range of flexible online and offline payment solutions to mobile operators, content providers and merchants. TOT Group delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale ("POS"). From processing of electronic payments at the POS to processing mobile commerce transactions and managing merchant terminals to providing information management services, TOT Group's innovative solutions allow merchants to streamline their payments resources.

TOT Group Companies

Unified Payments

Unified Payments is one of the leading providers of bankcard payment processing services and value-add solutions in the United States. The company enables small- and medium-size merchants to accept cashless transactions for their merchandise and services by providing point-of-sale equipment, transaction processing, merchant business analytics, risk management, fraud detection, 24 hours / 7 days a week merchant assistance, support and chargeback management services.

  • Award-winning payment solutions
    Rated the fastest growing company in America (2012, Inc. 500 Magazine)
    Creating value for customers
    Customized payment acceptance solutions for small-to-medium sized businesses

Digital Provider

With Digital Provider, customers have the ability to charge their purchases directly to their mobile bill using only their mobile number. No credit cards or bank account information are needed. Digital Provider's global mobile billing solutions enable merchants to target millions of mobile and web users around the world.

  • One-click payment with real-time transaction confirmation
    Single interface to various mobile operators
    Support for one-time, subscription and recurring billing
    Multi-channel support: P-SMS, WAP, Phone, Web

Aptito

Aptito is a next-generation, cloud-based POS restaurant system presented that brings the online consumer experience into the offline business world. Aptito's state-of-the-art tools are designed to increase sales, productivity and customer retention. As an all-in-one restaurant POS solution, Aptito offers the most complete package of features to bring an establishment into the digital age. The company's digital menus presented on the iPad are easy to customize and seamlessly integrate with its full-featured POS system and iPhone app.

  • Visual POS system includes everything needed to streamline operations
    Upgraded version offers new features and enhanced usability on iPad and iPhone
    Mobile ordering capabilities allow customers do order directly from their mobile device
    Digital menus enable the customer to order and pay directly from the menu, as well as contact wait staff or recommend dishes via social media

Payonline

Payonline's flexible, high-tech payment solutions are for companies doing business on the Internet. Specialized in the integration and customization of payment solutions for websites and mobile apps, Payonline can arrange payments on the website of any commercial organization to increase the convenience and achieve the highest possible percent of successful transactions. The company's services are used by more than 3,000 companies around the world. Payonline offices are located in Russia and in the Republic of Cyprus.

  • Modern payment technologies: person-to-person, one-click, recurrent payments
    Geographic footprint includes Europe, Russia, Central Asia, United States and Canada
    Technologies for m-commerce: SDK for Android, iOS, Windows apps
    Accepting payments via credit cards, MasterPass and popular e-wallets

Restroactive

Restroactive offers easy-to-use mobile menus and kiosks that allow restaurant owners and/or managers the ability to redefine the restaurant without interrupting or changing the way business is conducted. Users can seamlessly add on to existing legacy POS system and increase their bottom line with more sales, faster table turnover, improved menu management and reduced labor costs.

  • Increases order size by an average of 20%
    Improved menu management offers easy sorting and categorizing options
    Instant menu updates eliminates the need to reprint menus
    Empowers staff and guests, creating an enjoyable experience for all users

 


Growth Strategy

Net Element approaches payments from a wide, holistic and global view of commerce. The company's objective is to become a leader in mobile payments and value-added transactional services in emerging global markets by offering the ability to pay anywhere using mobile, online or traditional card present methods.

Net Element has defined specific marketing strategies to fuel continued growth in North America and emerging international markets.

In North America

  • Expanding distribution
    New products and services
    Focus on value-added offerings
    Technology leverage
    Geographic expansion

Target Emerging Market Strategy

  • Emerging markets
    Expanding distribution
    JV/Acquisitions
    New products and services
    Market penetration
    Operating leverage

 


Sales and Marketing Strategy

 


International Client Base

According to Forbes, 20% of leading e-commerce merchants in CIS use Net Element's PayOnline platform to accept payment transactions in Russia, Europe and Asia. The company's growing portfolio of international clients includes:

 


Market Performance

CIS and Russian Federation (mobile payments)

  • Processed 90 million mobile transactions in 2015, up 105% YoY
    Over 3 million recurring mobile payments users
    Over 100 content providers use our services
    Ranked as #1 SMS content provider in Russia
    Average subscription annual billings ~$12 per user
    Mobile payment users increased by 300% YoY

North America (Canada and the U.S.)

  • Processed 51.2 million bankcard transactions in 2015, up 45% YoY
    Over 10,000 SMB merchants
    Processed over $1 billion transactions in 2015
    Avg. annual revenue $1,800 per merchant
    Average upfront cost per acquisition $228
    Increased revenue per merchant for value added services $240 per annum

Emerging Markets (online payments)

  • Processed 19.5 million mobile transactions in 2015, up 36% YoY
    Over 11 million online payments users
    Over 3,000 merchants in CIS, EU and Asia
    Ranked as #1 IPSP in Russia with 30% market share
    According to Forbes, 20% of leading online merchants in
    Russia are clients of PayOnline
    Approximately 40% of revenue is EUR / USD

 


Leadership

Net Element operates under the leadership of a seasoned management team with a proven track record of scaling businesses and delivering shareholder value. The team has collective experience in the necessary workings of new product launches, including brand development and market penetration, which powers the company's relentless focus on value creation and growth.

Oleg Firer - Chief Executive Officer and Director

Oleg Firer is responsible for the overall vision, strategy and execution of company's mission of powering global commerce. Before taking on his current position, Firer served as executive chairman of Unified Payments and has led the company from its inception until its acquisition by TOT Group in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period and the company was ranked as the No. 1 fastest-growing company by Inc. Magazine in 2012. Prior to Unified Payments, Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Firer was recognized by Forbes as one of the 5 Incredible Enterpreneurs and by Business Leader Magazine as a Top Enterpreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami, and also recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Firer serves as a board member of Net Element, TOT Group's parent company and a member of the Electronic Transactions Association (ETA) Mobile Payments, ISO Practices and Risk, Fraud & Security committees. Firer supports the initiatives of the Firer Family Charitable Foundation, a charitable family fund focused on helping families and children in need.

Jonathan New - Chief Financial Officer

Jonathan New has been CFO of the company since October 2, 2012. From 2001 to 2003, New was COO of Ener1, Inc. From 2004 until it was sold in 2006, New owned and operated Wholesale Salon Furniture Corp.com, which imported and distributed salon equipment. Thereafter, until joining Net Element, Inc., New provided services to public companies on a variety of corporate accounting, reporting and audit related issues. Prior to joining Ener1, Inc. in 2001, he held controller and chief financial officer positions with companies including Häagen-Dazs, Virtacon (a web development company), RAI Credit Corporation and Prudential of Florida. New obtained his BS in Accounting from Florida State University and began his career with Accenture. He is a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants.

Steven Wolberg - Chief Legal Officer and Secretary

Steven Wolberg has been chief legal officer and secretary of Net Element since April 16, 2013. Prior to this he served in various capacities with Acies Corporation, where at varying times he was a consultant, director, and chief strategy officer. Since 1997 Wolberg has operated a solo law practice in Newton, Massachusetts. He has also served as chief counsel and vice president of corporate development for Mascot Networks in Cambridge, Massachusetts; president of Oakland Properties, Inc., a real estate development company; as an attorney in the real estate and corporate divisions of Brown and Rudnick in Boston; a partner with the law firm of Jordaan and Wolberg in Johannesburg, South Africa; and as an attorney with Goodman and North in Johannesburg. Wolberg also currently owns and serves as the managing member of Prime Portfolios, LLC, which holds a private investment portfolio of payment processing companies. Wolberg received his Bachelor of Arts from the University of Witwatersrand in Johannesburg, South Africa, his Bachelors of Laws from the University of Witwatersrand, in Johannesburg, South Africa, and his Juris Doctorate from the New England School of Law in Boston, Massachusetts. He is a member of the Massachusetts Bar Association.

Dmitrijus Apockinas - Chief Operations Officer

Dmitrijus Apockinas joined Net Element in April 2014 as president of Global Operations of TOT Group Europe Ltd (United Kingdom); he was appointed as chief operations officer of Net Element, a role to which he brings over 20 years of experience in the financial services industry, business and management consultancy. During his 11 years in banking sector, he has served as a top executive, vice-president, CEO and board member of three different banks and two mutual fund management companies. In 2011-2014, Apockinas, as a managing partner of the consultancy firm, accumulated vast knowledge of alternative payment systems, micro-finance and IT technologies sectors. Apockinas obtained his Bachelor of Science in Banking and Finance from the Institute of Modern Business in Moscow, Russia, and was awarded an MBA degree from the University of Warwick, Coventry, United Kingdom.

 


Net Element
3363 NE 163rd St., Suite 705 
North Miami Beach, FL 33160 
Phone: 305-507-8808
www.NetElement.com
IR@NetElement.com

 

 

Please see disclaimer on the NetworkNewsWire website: https://www.networknewswire.com/disclaimer/

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NETE News: Net Element Ranked as One of The Fastest Growing Companies in North America on Deloitte’s 2018 Technology Fast 500™ 11/16/2018 08:30:00 AM
NETE News: Net Element Reports Third Quarter 2018 Financial Results and Provides Business Update 11/14/2018 12:42:17 PM
NETE News: Quarterly Report (10-q) 11/14/2018 12:22:44 PM
NETE News: Current Report Filing (8-k) 11/14/2018 12:21:26 PM
NETE News: CannabisNewsWire Announces Video Press Release (VPR) on Net Element, Inc. Grabbing Prime Opportunity to Expand Reach in Canna... 11/13/2018 08:00:00 AM
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#5458   Joke. One look at the PRs is all NYCPuglet 10/30/18 03:59:06 PM
#5457   Skyrocketing. Take profits quickly. NYCPuglet 10/25/18 10:50:53 AM
#5456   TTNP gaining momo. crudeoil24 10/24/18 07:57:18 AM
#5455   Man was I lucky on this one ... PennyStockTrader2 10/24/18 06:35:19 AM
#5454   Let’s talk Friday. :) NYCPuglet 10/23/18 04:48:42 PM
#5453   Is the b/a 5.13x5.40? I'm at doctors with flu And [SMART MONEY] 10/23/18 08:59:37 AM
#5452   3,5 k Fingers crossed europtiger 10/23/18 07:58:50 AM
#5451   Where is proof that PR is fake? GmanCaddy 10/22/18 09:28:04 PM
#5450   $20 by Friday on a fake PR with NYCPuglet 10/22/18 08:49:12 PM
#5449   You can get a good look at a GmanCaddy 10/22/18 08:34:25 PM
#5448   Can someone show me a picture of this NYCPuglet 10/22/18 06:43:39 PM
#5447   * * $NETE Video Chart 10-22-18 * * ClayTrader 10/22/18 05:11:59 PM
#5446   The news is huge this will be at GmanCaddy 10/22/18 05:02:06 PM
#5445   if we take out the squeeze today... [SMART MONEY] 10/22/18 04:49:34 PM
#5444   how many shares you LOAD [SMART MONEY] 10/22/18 03:56:30 PM
#5443   Funds dumping? Not much of value in that pr. jpike 10/22/18 01:45:55 PM
#5442   This company is a frod. Be wise. NYCPuglet 10/22/18 12:01:19 PM
#5441   Out of about 80% of my position in PennyStockTrader2 10/22/18 11:18:53 AM
#5440   That lows $7 retest was a good sign T695 10/22/18 11:01:57 AM
#5439   Yes looking good... loaded between 6,60-7,50 IMO squeez europtiger 10/22/18 10:29:35 AM
#5438   Good momo here, nice vol. crudeoil24 10/22/18 10:27:45 AM
#5437   In at $7.40 back to $10? T695 10/22/18 10:26:30 AM
#5436   In 7,50,s europtiger 10/22/18 09:51:03 AM
#5435   Halted? Marvy 10/22/18 09:41:55 AM
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#5426   Are those 2017 audit fees of $390,000 jpike 10/11/18 11:29:08 AM
#5425   Why would you buy this stock? Why are jpike 10/07/18 09:21:43 AM
#5424   finally freed some cash to buy 500 shares PennyStockTrader2 10/03/18 06:00:48 PM
#5423   Ok thx Rogerthat1 10/02/18 12:38:39 PM
#5422   Not short. Decline likely due to inability to jpike 10/02/18 12:28:23 PM
#5421   Chart broke yes. Shorts like you dragged it Rogerthat1 10/02/18 12:14:44 PM
#5420   Poor chart and no profits is what it appears. jpike 10/02/18 10:39:07 AM
#5419   Nice chart pattern setting up here. Started nibbling. $NETE investorshub Rogerthat1 09/28/18 10:53:14 PM
#5418   I think they will continue to lower expenses PennyStockTrader2 09/16/18 01:27:31 PM
#5417   I guess you see profits somewhere. Where jpike 09/16/18 10:59:40 AM
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#5415   Today's news reflects only a small amount of jpike 08/09/18 09:28:33 AM
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