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Net Element Wins Two Categories at ACQ5 Global Awards 2018, CEO Named “Gamechanger of the Year”

December 3, 2018

Company Wins Awards for US- Payment Solutions Provider of the Year and US-Scale-up Company of the Year

MIAMI, FL, Dec. 03, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE) (“ Net Element ” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce, and mobile devices, today announced that it won two categories at ACQ5 Global Awards 2018 and that its CEO Oleg Firer was named “Gamechanger of the Year”.

The ACQ5 Global Awards celebrate the achievement, innovation, and brilliance of outstanding organizations and individuals across the globe. Chosen by members of the industry itself, award winners selected from more than 75,000 nominations include industry leaders, eminent individuals, exemplary teams, and distinguished firms who have had the greatest impact in their industry and represent the benchmark of achievement, professionalism and best practices.

Net Element’s ACQ5 Global Awards 2018 were:

-- US - Payment Solutions Provider of the year -- US - Scale-up Company of the year (Payment Solutions) -- US - Gamechanger of the year, Oleg Firer

“Our goal at Net Element is to be exactly as represented by the award we won - a gamechanger for the payments services industry by providing our merchants with seamless multi-channel payment solutions, value added services and creating value for our shareholders,” said Oleg Firer, CEO of Net Element. “We are honored and proud to be recognized by ACQ5 Global for the work we’re doing.”

About ACQ5 Global Awards

ACQ5 is a leading corporate magazine news site. Serving the finance sector since 2003, ACQ5 provides its Global audience of over 168,000 subscribers with the information behind the headlines. ACQ5, the English-language magazine news portal is read exclusively by senior executives holding power and authority at major organizations. The magazine is intended for CEO’s & CFO’s as well as other corporate finance and private equity executives from all corners of the globe. ACQ5 achieves its objectives through non-bias, concentrated, up to date flagship coverage, country reports and multilateral documents, in some cases commissioned by corporate, governmental and multilateral institutions. ACQ5 is a valuable addition to the sources of expert information required by leading businessmen when they are fine-tuning their corporate strategies. For more information, please visit www.ACQ5.com or contact ACQ5 at +44(0)871 218 2470.

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., the Company aims to grow transactional revenue by innovating SME productivity services using various technology solutions and Aptito, our 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 and 2018 Technology Fast 500™. In 2017 we were recognized by South Florida Business Journal as one of 2016′s fastest-growing technology companies. Further information is available at www.NetElement.com.

Forward-Looking Statements

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. 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; and (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, 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.

Contact: Net Element, Inc. +1 (786) 923-0502 www.netelement.com Media@NetElement.com Corporate Communications Contact: NetworkNewsWire (NNW)  New York, New York  www.NetworkNewsWire.com 212.418.1217 Office  Editor@NetworkNewsWire.com

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