Net Element, Inc.

Net Element (Nasdaq: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The company owns and operates a global mobile payments and transaction processing provider, TOT Group, Inc. (“TOT Group”). TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012…More, Aptito, a next generation cloud-based point of sale payments platform and TOT Money, a leading provider of SMS messaging and mobile billing solutions. Beeline, Russia’s second largest telecommunications operator has ranked TOT Money as the #1 SMS content provider in Russia. Together with its subsidiaries, Net Element enables payments in the online and offline commerce and adds value in the mobile commerce and alternative payments 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, Florida and international headquarters in Moscow, Russia.