Net Element, Inc. (NETE)

[poppanitrous]

2015 Fourth Quarter Results:

Total US Dollar volume processed in the fourth quarter of 2015 exceeded $537 million, an increase of 28% compared to $420 million in 2014.Total transactions processed in the fourth quarter of 2015 exceeded 53.5 million, an increase of 128% compared to 23.5 million in 2014.Total number of consumers served exceeded 14 million in the fourth quarter of 2015, an increase of 1,386% compared to 942 thousand in 2014. (11 million of consumers are attributed to the PayOnline acquisition completed in 2015)

"2015 was another record year across all key operating metrics," commented Oleg Firer, CEO of Net Element. "We are pleased with our fourth quarter metrics. We were able to post strong gains from our core businesses despite unfavorable currency conversion rates in 2015."