Oleg Firer, CEO of Net Element International, Inc. (NETE), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - May 13, 2013 - The Wall Street Transcript has just published its Internet Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Increased Mobile Content Traffic - Chinese Online Monetization Trends - Internet Infrastructure and Services Consolidation - Social Networking Economics -

Companies include: Net Element International, Inc. (NETE) and many more.

In the following excerpt from the Internet Services Report, the CEO of Net Element International, Inc. (NETE) discusses company strategy and the outlook for this vital industry.

TWST: The United States looks like a great opportunity for Net Element. How are you responding to these developments?

Mr. Firer: We are still growing, and we are going to continue to expand. In the United States, we believe that we have proved to everybody that we have the capability for huge growth. It's executing on new innovations that's going to be important for Unified Payments. But at the same time, when we execute new technologies and new verticals that we are going to be penetrating in the U.S., we will be able to take these solutions that we create here and bring them overseas.

So I don't see these two markets, the emerging markets and United States markets, as separate efforts. The products are obviously going to be used in both markets, and we believe by having the population of merchants that we have in United States, we will definitely have a testing ground to test any type of products here that we want to bring overseas.

TWST: What is the single greatest opportunity for Net Element over the next couple of years? Is there a chain of events that could lead the company to really exceed expectations in the future?

Mr. Firer: It's using our expertise to take the leadership position in other sectors within the mobile payments and mobile commerce business. Coupled with some of the acquisitions that we'll be looking to do in the future, we believe it really positions Net Element to take the leadership position and be known as the premier mobile payments company. Our goal is to...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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