Net Element's Aptito Launches Online and Mobile Ordering and Delivery for Restaurants
April 27 2020 - 1:45PM
via NEWMEDIAWIRE -- Net Element, Inc.
(NASDAQ: NETE) ("Net Element" or the "Company"), a global
technology and value-added solutions group that supports electronic
payments acceptance in a multichannel environment including
point-of-sale (POS), e-commerce and mobile devices, today announces
that its subsidiary, Aptito, has launched online ordering
and delivery services for existing and new restaurant
merchants.
According to the National Restaurant
Association, restaurants are on pace to lose about $80 billion in
sales by the end of April and four in ten restaurants are closed.
Those restaurants that remain open are doing most of their
business in take-out orders. Aptito has launched its online
and mobile ordering and delivery software including website design
and hosting for free until September 2020 to
support these restaurants through the pandemic. The
complimentary service will help restaurants without an online and
mobile presence to be up and running in less than 48 hours.
Additionally, due to the social distancing
guidelines, long lines at grocery stores are more and more common.
Some restaurants are alleviating this problem by selling
groceries. Aptito’s solutions can help restaurants sell
groceries almost immediately through its online and mobile ordering
software or through self-service Kiosk solution. The Company
is also assisting merchants with their SBA loan applications
through a partnership with Power Capital Direct. For more
information contact us at sbaloans@aptito.com.
“We are committed to supporting restaurant
merchants through this pandemic by providing Aptito’s solutions
free of charge for a limited time. Please visit our COVID-19
page for additional information,” commented Andrey
Krotov, Chief Technology Officer for Net Element.
“Contact your relationship manager today or call us at
877-644-7597 for immediate support.”
About Net ElementNet Element, Inc.
(NASDAQ: NETE) operates a payments-as-a-service transactional
and value-added services platform for small to medium enterprise
("SME") in the U.S. and selected emerging markets. In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services using blockchain technology solutions
and Aptito, our cloud-based, restaurant and retail
point-of-sale solution. Internationally, Net Element's strategy is
to leverage its omni-channel platform to deliver flexible offerings
to emerging markets with diverse banking, regulatory and
demographic conditions. Net Element was ranked as one of the
fastest growing companies in North America on Deloitte's 2017
and 2018 Technology Fast 500™. In 2017 we were recognized by
South Florida Business Journal as one of 2016's fastest-growing
technology companies. Further information is available
at www.NetElement.com.Forward-Looking
StatementsSecurities 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 "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential," and similar expressions are intended to
identify such forward-looking statements. 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 and are difficult to
predict. Examples of such risks and uncertainties include whether
merchants will take advantage of Aptito’s complimentary website
design and hosting services and whether the referenced
product and service offerings will result in any benefits to the
Company. Additional examples of such risks and uncertainties
include, but are not limited to: (i) Net Element's ability (or
inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Net Element's ability to
maintain existing, and secure additional, contracts with users of
its payment processing services; (iii) Net Element's ability to
successfully expand in existing markets and enter new markets; (iv)
Net Element'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's business; (viii) changes in
government licensing and regulation that may adversely affect Net
Element's business; (ix) the risk that changes in consumer behavior
could adversely affect Net Element's business; (x) Net Element's
ability to protect its intellectual property; (xi) local, industry
and general business and economic conditions; (xii) adverse effects
of potentially deteriorating U.S.-Russia relations, including,
without limitation, over a conflict related to Ukraine, including a
risk of further U.S. government sanctions or other legal
restrictions on U.S. businesses doing business in Russia.
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, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Net Element with the Securities and Exchange
Commission. Net Element anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Net Element 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.
Contact:Net Element, Inc.+1 (786)
923-0502www.netelement.com Media@NetElement.com
Net Element (NASDAQ:NETE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Net Element (NASDAQ:NETE)
Historical Stock Chart
From Apr 2023 to Apr 2024