Electric Vehicle Market Offers Compelling Opportunity for Savvy, Forward-Thinking Companies
August 13 2020 - 8:30AM
NetworkNewsWire (“NNW”) announces the availability of a broadcast
titled, “Investors Pile into the Accelerating Electric Vehicle
Market.”
To hear the AudioPressRelease please visit: The NetworkNewsAudio
News Podcast
To read the full editorial, visit: http://nnw.fm/GQjq7
Net Element Inc.’s (NASDAQ: NETE) legacy business model has been
firmly centered within the fintech space, with the company
operating a payments-as-a-service transactional model and
value-added services platform for small to medium enterprises in
the U.S. and selected emerging markets. Net Element has plans to
divest itself of its payments processing business and portfolio to
transform the company into a pure-play electric vehicles
manufacturer going forward.
"We feel, after considering an array of strategic alternatives,
that the agreement with Mullen provides our shareholders with the
most compelling opportunity," said Net Element chairman and Chief
Executive Officer Oleg Firer. "We conducted an extensive search of
companies that have disruptive technologies and believe that Mullen
represents the best path forward. COVID-19 has created a unique set
of challenges for our payment processing business, as many of our
payment processing customers are located in the Northeast, which
has been hit especially hard by the coronavirus. We expect that the
merger with Mullen will create a new path forward that should
reward our long-time shareholders."
About Mullen Technologies: Mullen Technologies
is a Southern California-based licensed electric vehicle
manufacturer with international distribution that operates in
various verticals of businesses focusing in the automotive
industry: Mullen Automotive, Mullen Energy, Mullen Auto Sales,
Mullen Funding Corp., and CarHub. Each of these divisions provide
Mullen with diversity of different products and services within the
automotive industry.
For more information, please visit: www.MullenUSA.com
About Net Element, Inc. ( NETE) Net
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., the Company aims to grow transactional revenue by
innovating SME productivity services using blockchain technology
solutions and Aptito, its 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
Technology Fast 500™. In 2017, Net Element was recognized by
South Florida Business Journal as one of 2016's fastest-growing
technology companies.
For more information, please
visit: www.NetElement.com
About NetworkNewsAudio
NetworkNewsAudio (“NNA”) allows you to sit back and listen to
market updates, CEO interviews and a company AudioPressRelease
(“APR”). These audio clips provide snapshots of position,
opportunity and momentum. NNA can assist your company by cutting
through the overload of information in today's market. NNA brings
its Client Partners unparalleled visibility, recognition and brand
awareness. NNA is just one site within our sizable family of 40+
brands within the InvestorBrandNetwork (“IBN”). IBN is a
comprehensive provider of news and original articles; we aggregate
and syndicate this content for much bigger impact. IBN also adds
Press Release Enhancement and a full array of social media
communication solutions and has amassed a collective audience that
includes millions of social media followers. As a multifaceted
financial news and distribution company with an extensive team of
journalists and writers, IBN has the unparalleled ability to reach
a wide audience comprising investors, consumers, journalists and
the general public with an ever-growing distribution network of
5,000+ key syndication outlets across the nation.
For more information, please visit
www.NetworkNewsAudio.com or The NetworkNewsAudio News
Podcast.
Please see full terms of use and disclaimers on the
InvestorBrandNetwork website applicable to all content provided by
IBN, wherever published or
re-published: http://IBN.fm/Disclaimer
Forward-Looking Statements
This 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.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications:
NetworkNewsWire (NW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.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