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TheStreet Open House

Music1.ru Recording Artists Including T-killah, Alexander Panayotov, Vitas And Bravo Now Available On The ITunes Store®

Music1 announced today that their full library of popular Russian music, concerts and entertainment will now be available to download directly from the iTunes Store ®. Hundreds of Russian musicians, including the country's leading pop, shanson, and indie rock artists will be available to music fans worldwide via a collaboration between Music1’s parent company, Net Element and ARS Records.

“As an artist, having a worldwide audience is incredibly rewarding,” said best-selling Russian artist Alsou. “Now that we’re available on iTunes, it means your favourite melody will be available to download at your fingertips, wherever you happen to be.”

In Russia and the CIS region, Music1.ru will continue to provide quality content from live events including the “Pesnya Goda” festival and “New Wave” international contest for emerging pop artists.

About Net Element International (NASDAQ: NETE)

Net Element International (NASDAQ: NETE) is a global technology-driven group specializing in electronic commerce, mobile payments and transactional services. The company owns and operates a global mobile payments and transaction processing provider, TOT Group, as well as several popular content monetization verticals. Together with its subsidiaries, Net Element International enables ecommerce and content-management companies to monetize their assets in ecommerce and 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. The company has U.S. headquarters in Miami and international headquarters in Moscow. More information is available at www.netelement.com.

About Apple iTunes

The iTunes Store is the world’s most popular music store, developed by Apple, Inc. (NASDAQ: AAPL) with a catalog of over 26 million songs and over 25 billion songs downloaded, and is available in 119 countries. The iTunes Store is the best way for iPhone®, iPad®, iPod®, Mac® and PC users to legally discover, purchase and download music online. All music on the iTunes Store comes in iTunes Plus®, Apple’s DRM-free format with high-quality 256 kbps AAC encoding for audio virtually indistinguishable from the original recordings. iTunes in the Cloud lets you download your previously purchased iTunes music to your devices at no additional cost, and new music purchases can be downloaded automatically to your iOS devices.

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