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Net Element CEO Honored With Best In Biz Award

MIAMI, Nov. 27, 2013 (GLOBE NEWSWIRE) -- Net Element International (Nasdaq:NETE), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States of America, is pleased to announce that its CEO has been honored with a Bronze medal in the Best in Biz Awards in the Executive of the Year category. The Best in Biz Awards is an independent business awards program judged by members of the press and industry analysts.

Oleg Firer is a seasoned executive with deep knowledge and experience in payment processing. After a number of years in the wireless and data communications industry, in 2002 Mr. Firer focused his efforts in the payments business and successfully developed high growth strategies in the industry utilizing both direct and indirect sales channels. In 2007, Mr. Firer led a payments industry focused private equity group and formed Unified Payments, which generated annual revenues of over $60 million in 2012 and was recognized by Inc. Magazine as the fastest-growing company in 2012.  In addition, in 2012 Unified Payments was honored as Gold medal winner in Best in Biz Awards and was named the Fastest Growing Company of the Year.

The third annual Best in Biz Awards program, focusing on companies based or operating in North America, was stated by the program organizers as the most competitive in its history, with the highest number of awards submissions to date.  More than 500 entries were received this year, from a wide array of public and private companies of all sizes and from a variety of industries and geographic regions in the U.S. and Canada. Best in Biz Awards 2013 honors were presented in more than 50 categories, including Company of the Year, Fastest-Growing Company of the Year, Most Innovative Company of the Year, Best Place to Work, Technology Department of the Year, Executive of the Year, Most Innovative Product of the Year, Best New Product of the Year, PR Campaign of the Year and Website of the Year.

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