NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N
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Posted On: 07/31/2018 4:29:16 PM
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Acquires $2.7M Cash Flow Assets
Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that through its Unified Payments subsidiary, it has acquired cash flow assets totaling $2.7 million via certain transactional services portfolio from Universal Payment Systems (“UPS”). The acquired assets are anticipated to produce more than $5 million in gross profits over the next four years, with continued profits generated subsequently. “The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our companies,” Net Element’s president of integrated payments Vlad Sadovskiy stated in the news release.
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 technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that through its Unified Payments subsidiary, it has acquired cash flow assets totaling $2.7 million via certain transactional services portfolio from Universal Payment Systems (“UPS”). The acquired assets are anticipated to produce more than $5 million in gross profits over the next four years, with continued profits generated subsequently. “The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our companies,” Net Element’s president of integrated payments Vlad Sadovskiy stated in the news release.
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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