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TheStreet Open House

Net Element Adds Three Noted Industry Leaders To Support The Company’s Ongoing Global Expansion In Mobile Commerce, Payment Processing And Entertainment

Stock quotes in this article: NETE

Net Element ( OTCQB: NETE), a global technology and publishing company that operates in mobile commerce and payment processing, and also publishes popular entertainment portals and destinations, today announced the addition of three noted industry leaders to support its ongoing global growth and expansion in the areas of mobile commerce and payment processing as well as its upcoming launch of a new music portal.

Specifically, Tim Greenfield has been named president of mobile commerce and payment processing; Matthew Milner has been named president of entertainment and culture; and Paul Coyne has been named executive vice president of entertainment and culture. The three executives, who were hand-selected for their experience and expertise in their respective fields, will work at Net Element’s Miami and New York offices.

“Our addition of highly respected, successful industry leaders such as Tim, Matthew and Paul is a significant step for Net Element as we continue to seize opportunities in mobile commerce, payment processing and entertainment,” said Dmitry Kozko, Net Element’s executive vice president. “The addition of these three industry leaders is further testament to our company’s commitment to align with the industry’s best and brightest minds as part of our global growth strategy. They will strengthen our infrastructure, helping us scale the monetization of our suite of digital properties and intellectual property. Moreover, their combined knowledge will support our expansion of Net Element’s mobile-commerce company, TOT Money, as well as our preparation for the upcoming launch of our new music portal and our ongoing management of our current portfolio of Internet properties.”

Greenfield’s experience as president of Gold Mobile, an early stage mobile payments company, combined with years of work in executive level leadership positions, will be applied to help grow Net Element’s mobile-commerce company, TOT Money. Mr. Greenfield, who also worked at General Electric and McKinsey & Company, will leverage his experience to inject additional operating discipline and strategic vision into Net Element. Greenfield received a master’s degree in business administration (MBA) from the Kellogg Graduate School of Management at Northwestern University, in Evanston, IL.

Milner has built successful media and entertainment products and platforms that have sold to recognized companies such as Hearst Digital Media. He plans to apply his over 25 years of experience in the music industry and development of online media and technology brands to support the upcoming launch of Net Element’s new music portal. Throughout his career, Milner has founded, advised and invested in numerous technology incubators. Milner received a master’s degree in business administration (MBA) from the Kellogg Graduate School of Management at Northwestern University.

Coyne brings more than 24 years of global business and development experience with major leading sports and entertainment companies, including IBM, NBC Television and Warner Music Group. At Net Element, he will apply his senior-level experience in managing strategic development of products and services for companies in the music, sports and entertainment industries to support the upcoming launch of Net Element’s new music portal. He received a bachelor’s degree from Connecticut College in New London, CT.

About Net Element (OTCQB:NETE)

Net Element ( OTCQB:NETE) is a global technology and publishing company that operates in mobile commerce and payment processing, as well as publishes popular Internet portals and destinations. Its international development centers and influential relationships in Russia and Commonwealth Independent States strategically position the company for growth in Russia and other emerging markets. Net Element owns and operates a mobile-commerce company, TOT Money, as well as several Internet properties that create social and business communities in the entertainment, music, motorsports and film industries. Net Element’s portfolio includes:  www.TOTmoney.ru; www.Motorsport.comwww.Openfilm.com; and www.Music1.ru; www.ARLive.com and  www.Yapik.com. For more information, visit  www.NetElement.com.

Editor’s Notes: Photographs of Tim Greenfield, Matthew Milner and Paul Coyne are available upon request.

Interviews may be coordinated upon request.

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