MIAMI, FL - (NewMediaWire) - August 06, 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 launched "Restoactive", a comprehensive mobile restaurant solution. Restoactive all-in-one mobile application works with the merchant's existing point-of-sale ("POS") system, which allows value-added offerings to be available in the current merchant environment. This removes much of the effort needed to adopt new technology or replace existing ones on restaurant management platforms.
Restoactive was developed through a combined effort between our in-house engineers, and third party payments and hospitality experts. We believe Restoactive is the first of its kind integrated platform, which introduces all-in-one digital menu, kiosk and mobile POS application into an existing POS environment without the need to displace existing restaurant management platforms. Restoactive platform seamlessly plugs into a current restaurant environment through integration with some of the biggest POS and restaurant management platforms such as: MICROS®, POSitouch®, Aloha® and Symphony®. By integrating into the leading POS and restaurant management platforms, Restoactive is now available to over 500,000 restaurants in the United States.
According to Hospitality Technology 2014 POS Software Trends Report, when asked to ID the key business drivers pushing restaurants to make a POS upgrade, the vast majority, 69.6% of restaurant operators, named "adding a mobile POS." Coming in a close second, 62.5% chose "enabling new payment options." Rounding out their top three business drivers, almost half of restaurants surveyed, 46.4%, named "delivering personalized guest promotions" as a major objective.
Benefits of Restoactive
- Increases order size
- Improved Menu Management - Easy to categorize and sort options
- Instant Menu Updates - No more reprinting of menus
- "Wow" factor for your staff and guests
According to 2014 National Restaurant Association research, restaurant technology drives consumer decisions. Consumers are paying attention to what's available, 79% of consumers say technology options increase convenience and 70% say technology options speed up service and increase order accuracy. What's in it for restaurants? 45% of consumers say technology options make dining more fun and 35% say technology options make them choose one restaurant over another.
Three Products in One (Interactive Restaurant)
- Mobile Menu. Enhance customer experience and make a lasting impression with a fully customizable digital menu
- Stand-alone Kiosk. Faster table turnover during peak hours, fewer mistakes, reduced strain on the staff during peak hours
- mPOS for Servers. Servers can manage more tables and provide higher level of customer service
Getting started with Restoactive is easy. For establishments using one of our integrated restaurant management platforms, please visit: www.restoactive.com to request a download link.
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service 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. It maintains offices in Miami, FL and in Russia. Further information is available at www.netelement.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 Restoactive platform will have any direct or indirect benefits to the Company or the users thereof, whether Restoactive is the first of its kind integrated platform that offers the features referenced in this press release, 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.