IFS Securities Issues Update On Net Element, Inc. (NETE)

ATLANTA, Nov. 20, 2014 /PRNewswire/ -- IFS Securities, an Atlanta-based full-service independent broker-dealer, announces today that it has issued a Q3 2014 update on Net Element, Inc. (NETE), a global financial technology-driven group specializing in mobile payments and value-added transactional services.

NETE is an emerging leader in the payment processing industry as the merchant and consumer continue to shift to a cashless payment arrangement globally.

"The Company's strategic transition toward mobile payment processing and value-added transactional services continue to drive improved performance during Q3 2014," said Marco Bonelli, Director of Research, IFS Securities. "Additionally, the significant debt reduction initiatives undertaken by management lowered its outstanding total debt balance by $13.7 million to $3.3 million at the end of Q3 2014," he added.

The Company was successful in trimming its quarterly loss situation following the divestment of its non-core assets. The enormous growth in the online retail and m-commerce business globally and NETE’s ability to provide service to Apple Pay users particularly drives interest,” Bonelli concluded.

The update note is available by contacting [email protected].

Please review important disclosures on our website at www.ifssecurities.com. 

About Net Element
Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The Company owns and operates a global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia's second largest telecommunications operator. Together with its subsidiaries, Net Element enables ecommerce and adds value to mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States strategically position the Company for continued growth. More information is available at www.netelement.com.

About IFS Securities
IFS Securities, Inc., is a full-service independent broker-dealer who understands retail and wholesale advisory networks as well as global capital markets.  IFS offers financial advisory; brokerage support; equity research; fixed income and equity trading; and investment banking services.  Based in Atlanta, IFS Securities has 32 offices in 17 states and Puerto Rico and is a member of FINRA, MSRB and SIPC.  For more information about IFS Securities, visit the website at www.ifssecurities.com or call 404-382-5223.

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Juliann Kaiser
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770-643-0615
[email protected]

SOURCE IFS Securities

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