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Net Element's Aptito to Showcase New Android Based POS Solution at the 2019 National Restaurant Association Show


Aptito introduces its new Android-based POS software powered by HP hardware, Poynt and Pax Smart Terminals

MIAMI, FL, May 17, 2019 (GLOBE NEWSWIRE) -- 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 Aptito subsidiary’s retail and restaurant solutions will be showcased at the 2019 National Restaurant Association Show taking place May 18-21, at the McCormick Place in Chicago, Illinois. 

The National Restaurant Association Show is the nation’s most recognized restaurant industry-focused event to exploring the most current happenings in the restaurant industry and showcasing the latest equipment and supplies for the food and beverage sector.  More than 43,000 foodservice buyers and 2,400 exhibitors are expected to attend the event. Aptito is releasing its Aptito One and Aptito One Tab at the show.  These payment solutions streamline payment and order acceptance into one device and facilitate ordering and paying at the table via Apple Pay and Google Pay as well as by credit and debit cards.

Aptito's presentation at the National Restaurant Association Show will showcase its robust restaurant solutions with an emphasis on its all-new Android architecture POS software, which is powered by HP hardware, Poynt, PAX smart terminals and completely new server-side infrastructure allowing seamless communication between local and cloud servers and advanced APIs.  With the new addition of Android as a platform, Aptito aims to expand its market share by offering two of the most widely used POS platforms in the industry to restaurants. 

During the event Aptito will host a contest to give away one HP Smart Terminal with a three-year Aptito software license.  The winner will be able to process transactions faster, keep their customers engaged and leverage the powerful features of this state-of-the-art smart point-of-sale solution to better manage their business and improve their bottom line. 

APTITO ONE BENEFITS:

  •  Equipment built specifically for your restaurant or retail business
  •  New up-to-date software custom built for Android
  •  Fully integrated hardware with the POS software
  •  Wide range of cost-effective solutions
  •  Easier to scale as a business grows
  •  Bigger screens for a better user experience

"Aptito restaurant solutions make restaurants stand out from the competition with interactive menus, self-ordering kiosks and seamless back-office integration," commented Andrey Krotov, chief technology officer of Net Element. "We’ll be showcasing our new pay-at-the-table solution, Aptito One Tab, so stop by Aptito's booth No. 8321 at the National Restaurant Association Show so attendees can discover, learn and join the Aptito revolution!"


About Aptito
Aptito's Point-of-Sale (POS) solution has become an industry leader thanks to our easy-to-use system, digital menu software and diverse bar & restaurant management tools that empower merchants to grow and optimize their business, decrease expenses and streamline operations while delivering a better customer experience through quick and convenient checkout options.  Aptito's kiosks and mobile Point-of-Sale (mPOS) solutions are cloud-based, offering its owners remote access so they can always feel the pulse of their operation, regardless of physical location. Further information is available at www.aptito.com.

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, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element's strategy is to leverage its omnichannel 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. Further information is available at www.NetElement.com.

Forward-Looking Statements
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 "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 to whether Aptito's restaurant solutions will yield 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 Elementwith 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) 923-0502
www.netelement.com 
Media@NetElement.com

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NetworkNewsWire (NNW)
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