Net Element, a technology services provider and Internet publisher, today announced the appointment of Felix Vulis, chief executive officer of Eurasian Natural Resources Corporation ("ENRC") ( LSE: ENRC.L), to its board of directors.

ENRC, a FTSE 100 company, is a leading diversified natural resources group with integrated mining, processing, energy, logistics and marketing operations.

“The addition of Felix, with his extensive experience managing publicly traded companies, is a significant first step toward achieving Net Element's goals of having an independent board and employing best practices in corporate governance while continuing to position the company for continued growth and success,” said Mike Zoi, chairman and chief executive officer of Net Element (OTCQB:NETE).

Added Vulis: “I am delighted to join Net Element’s board because I am convinced that the company is focused on innovation and has a strong technology development and business model. I am confident Net Element has the leadership and vision to position itself as an industry leader.”

About Net Element (OTCQB:NETE)

Net Element (OTCQB:NETE) is a global publisher of online destinations and business services on a custom technology platform for Internet and mobile distribution. This platform enables the rapid development, production and distribution of rich media content (HD & 3D), services (SaaS) and branded content in entertainment and news. NETE owns and publishes Internet properties and creates social and business communities in motorsports, music, film and entertainment. Its portfolio includes: www.Motorsport.com; www.Openfilm.com; www.music1.com; www.ARLive.com; and www.Yapik.com. For more information, visit www.NetElement.com.

About ENRC (ENRC.L)

ENRC (ENRC.L) is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminum; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information, visit www.ENRC.com.

Editor’s Notes:
 

A photograph of Felix Vulis is available
Interviews may be coordinated upon request

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