NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N
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Posted On: 07/12/2017 4:49:23 PM
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) CEO Issues Letter to Shareholders
Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning released an updated letter to shareholders from CEO Oleg Firer. In the update, he recaps the company’s achievements for the first half of the year before taking a look at recent corporate events that could contribute to Net Element’s future performance. “To date, our focus has been on growing our business and creating an efficient, well-functioning company by laying the foundation for a scalable business,” Firer noted in the shareholder letter. “I am pleased to say that we have been successful in the execution of these priorities and that we are growing our business both domestically and internationally. We have re-organized our international operations and expect to see cost reductions beginning in the third quarter of 2017.” Other topics addressed in the update include the company’s upcoming meeting with Nasdaq, scheduled for August 10, 2017, as well as its ongoing efforts to obtain funding, including the company’s recently-obtained $2.5 million credit line.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning released an updated letter to shareholders from CEO Oleg Firer. In the update, he recaps the company’s achievements for the first half of the year before taking a look at recent corporate events that could contribute to Net Element’s future performance. “To date, our focus has been on growing our business and creating an efficient, well-functioning company by laying the foundation for a scalable business,” Firer noted in the shareholder letter. “I am pleased to say that we have been successful in the execution of these priorities and that we are growing our business both domestically and internationally. We have re-organized our international operations and expect to see cost reductions beginning in the third quarter of 2017.” Other topics addressed in the update include the company’s upcoming meeting with Nasdaq, scheduled for August 10, 2017, as well as its ongoing efforts to obtain funding, including the company’s recently-obtained $2.5 million credit line.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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