MIAMI, FL - (NewMediaWire) - November 19, 2015 - Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced that its Chief Executive Officer Oleg Firer and PayOnline's Chief Executive Officer Marat Abasaliev will be featured speakers at the IV International "eCom21" conference to be held in Riga on November 19-20.
eCom21 is the biggest e-commerce forum in the Baltic States focused on processing, payment acceptance and the evolution of e-commerce. It gathers hundreds of professionals of online businesses and entrepreneurs from other industries who develop this challenging trend.
The forum will be dedicated to topical tendencies and prospects in the area of e-payments; its key subject is: "Processing. Acceptance of Payments. E-commerce Evolution." The participants will discuss prospects of new payment institutions, which develop online, as well as the changing role of banks in the modern world of e-payment services.
According to Executive Director of eCom21 Ilya Shevchenko, "Last year we made an important first step: we thoroughly studied and discussed the history of appearance, stages of establishment and perspectives of development of the entire spectrum of e-money, starting from traditional prepaid cards and up to the currently exotic crypto-currencies. The time has come to discuss the future of the entire industry of e-payments."
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 US, Russian Federation and other international markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant point-of-sale solution Aptito. 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 such as UAE, Kazakhstan, India and Latin America where initiatives have been recently launched. It maintains offices in Miami, FL and in Russia. Further information is available at www.netelement.com.
The conference in Riga last year was attended by more than 450 guests from the Baltic States, Central, Eastern and Western Europe, the CIS, Asia and other parts of the world. In total over 30 countries were represented. Speakers at the conference included leading professionals of the industry, representatives of payment systems, public regulators, the biggest auditing companies, lawyers, IT specialists and other experts. More information is available at http://www.ecom21.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 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. These forward-looking statements include, without limitation, whether the integration of mobile payments acceptance into Aptito will result in any benefits to the Company such as increased sales or revenues, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company's objectives. 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; (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 and the subsequently filed 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.