Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning released a letter to its shareholders from its CEO Oleg Firer that highlights 2018 milestones and plans for the year ahead. According to the update, NETE’s 2018 accomplishments include the acquisition of recurring cash flow portfolio from Argus Merchant Services, projected to add over $4 million in gross profits over the next 4 years; ranking on Deloitte’s 2018 Technology Fast 500; winning two categories at ACQ5 Global Awards 2018, with CEO named “Gamechanger of the Year”; and strategic appointments of Jon Najarian of CNBC “Halftime Report” and “Fast Money,” and Jonathan Fichman, fintech & startup executive to Net Element’s board of directors. “For us, 2018 was a year of continued organic growth in the United States,” CEO Oleg Firer stated in the update. “We strengthened our competitive posture by focusing on value-added payment solutions, and along the way executed several complex initiatives, took bold steps to increase our gross margins, and were again regarded as one of the fastest growing technology companies in America.”
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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 U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. 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. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
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