This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Net Element And MegaFon Announce A Global Release Of Net Element’s Motorsport.com And Komissionka Mobile Apps

Stocks in this article: NETE

Net Element (OTCQB: NETE), a technology services provider and Internet publisher, and MegaFon today announced their intention to launch NETE’s Motorsport.com and Komissionka mobile phone apps in Russia.

The Motorsport.com app and the Komissionka app will first be introduced to the Russian marketplace on pre-loaded smartphones under MegaFon’s brand, marketed to MegaFon’s 62.9 million cell phone subscribers. Both apps will be released for free.

Motorsport.com, a NETE-owned and operated subsidiary, provides interactive multimedia experiences of race series through exclusive videos and photos, race standings, schedules, locations, race team profiles and other race content.

The Komissionka app, a Russian version of Net Element’s Yapik mobile app, currently available in selected U.S. markets, will enable users to buy, sell, barter or trade goods and services using geo-based technologies.

“Net Element’s partnership with MegaFon symbolizes our entry into the Russian marketplace where large-scale distribution reach matters, and more strategically positions our company in one of the world’s most rapidly growing economies,” said Dmitry Kozko, NETE’s executive vice president. “Net Element is constantly attempting to redefine online experiences with its innovative and exciting apps, as MegaFon continues to build its wireless network serving its subscribers with the most innovative features and services.”

Added Leonid Savkov, chief marketing officer of MegaLabs, 100% subsidiary of MegaFon JSC, “Our subscribers demand a wide variety of mobile applications for multiple uses, including accessing everything from entertainment to information, and they will appreciate the increased convenience of having applications combined and pre-loaded in one device. We expect that Net Element’s cutting-edge technologies and extensive experience in the international marketplace will enable us to offer our customers the most advanced services.”

ABOUT MEGAFON JSC

MegaFon JSC is a universal operator working in all the segments of the telecommunications market. The company is actively fighting mobile fraud and works to raise mobile literacy in the population. More than 62 million people throughout Russia have chosen the high quality of services and communications provided by MegaFon. Appreciating the trust of its customers, the company has become the only mobile operator to adopt more customer-oriented policies.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs