Targeted Strategies for Today's Evolving Markets

MissionIR Blog

MissionIRNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Acquires $2.7M Cash Flow Assets

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that through its Unified Payments subsidiary, it has acquired cash flow assets totaling $2.7 million via certain transactional services portfolio from Universal Payment Systems (“UPS”). The acquired assets are anticipated to produce more than $5 million in gross profits over the next four years, with continued profits generated subsequently. “The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our companies,” Net Element’s president of integrated payments Vlad Sadovskiy stated in the news release.

To view the full press release, visit http://ibn.fm/6vYjk

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

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

This entry was posted in MissionIRNewsBreaks, Net Element Inc. NETE. Bookmark the permalink.

Comments are closed.