Net Element International (NASDAQ: NETE), a technology-driven group specializing in electronic commerce and mobile payment processing, is pleased to announce today that Aptito, LLC, has completed its integration with USAePay payment gateway that is integrated with major payments platforms such as: First Data, TSYS, Global Payments and Chase Paymentech as well as some of the leading check processing platforms. Aptito, LLC, is a next generation, cloud-based point of sale payments platform, operated through TOT Group, Inc. (“TOT”), the mobile payments and transaction processing subsidiary of Net Element International. The new integration expands Aptito’s connectivity to this popular payment gateway for easy and secure mobile payment processing. Aptito helps restaurants drive consumer engagement via tablet, mobile and all other cloud-connected devices. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty. The solution is a tablet-based POS that combines traditional POS functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty, and transactional data all in one solution with Aptito’s cloud-based payments platform at the center of it all. Restaurants can leverage Aptito to plug into social networks, daily deal promotions and other marketing programs while having the ability to use Aptito’s integrated mobile marketing tools to deploy their own lead generation campaigns and loyalty rewards. “Having a complete range of integration solutions that are tested and certified with leading payments platforms makes Aptito a compelling offering,” said Oleg Firer, CEO of Net Element. “USAePay is a technological leader and their certified gateway is secure and fully compliant with PCI DSS security standard.” Accepting payments at tableside enables faster service and less wait time for consumers. Aptito’s “visual” point of sale concept is designed to speed up the learning curve and increase order input productivity. Additionally, Aptito offers a mobile commerce application that allows any restaurant to deploy mobile ordering tied to the mPOS. Aptito’s Self Ordering Apple ® iPad ®-based kiosk allows operators to increase sales by providing an automated ordering system which gives customers the speed and convenience that has been lacking in many areas of food industry including Quick Service Restaurants (“QSR”). The new integration allows merchants to use the Aptito platform with USAePay as their payments network provider. USAePay supports all standard transaction types including full and partial authorizations and reversals. This marks another major step for Aptito in getting direct integration with all the major processing networks in the US. “We are thrilled to team with Aptito’s unique mPOS solution,” said Ben Goretsky, CEO of USAePay. “The PaySaber Clip and Aptito point of sale software combine as a strong mobile solution for our merchants. We look forward to adding their product line into our already robust point of sale offering.”
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 USAePay: Since 1998 USAePay, a GorCorp Inc. company has been helping merchants process their credit card and check transactions with speed and security. Founded by the Goretsky brothers, the company is family-owned and based in Los Angeles; CA. Currently the USAePay gateway supports all of the major platforms (eg. First Data, TSYS, Global, Paymentech...) in the credit card industry and works with some of the leading check platforms. USAePay is also pleased to work with many of the larger merchant service banks in the US and abroad. For more information, please visit http://www.usaepay.com or call 866.USA.EPAY (872-3729). Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "want," “will,” "continued," “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the extent that Aptito achieves direct integration with all the major processing networks in the United States; whether Net Element International achieves the position of a market leader in innovation and value added products its industries; and whether Net Element International or its business continues to grow. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element International and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) Net Element International’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element International’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element International’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element International’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element International’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element International’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element International’s business; (x) Net Element International’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element International with the Securities and Exchange Commission. Net Element International anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element International assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.