ValuEngine, a stock valuation and forecasting service, recently provided an update regarding global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE). An article further discussing the company reads: “Net Element, Inc. (NASDAQ: NETE) has received an upgrade of its stock rating to ‘Buy’ from ValuEngine, a stock valuation and forecasting service (http://ccnw.fm/o2NkS). A Zacks Small-Cap Research report projects that NETE sales will reach $65 million in 2018, then $70.8 million by 2019 (http://ccnw.fm/jT3Nc). … A SeeThruEquity update found that the company’s balance sheet in full year 2017 was “significantly improved.” It reported that the $7.55 million raised during 4Q2017 was characterized by management as a “growth fund” to support NETE’s organic growth programs and its new blockchain initiatives (http://ccnw.fm/5Suha).”
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About Net Element
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., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s 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’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
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