NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N
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Posted On: 08/14/2020 3:46:14 PM
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Announces Q2 2020 Financial Results
Net Element (NASDAQ: NETE), 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, on Thursday reported its financial results for the second quarter ended June 30, 2020. “The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year. Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support for our merchants through e-commerce solutions, contactless payment alternatives and online food ordering for restaurants,” Oleg Firer, CEO of Net Element, stated in the news release. “We continue working diligently to increase shareholder value as we continue to work toward the proposed merger with Mullen Technologies Inc.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Net Element (NASDAQ: NETE), 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, on Thursday reported its financial results for the second quarter ended June 30, 2020. “The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year. Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support for our merchants through e-commerce solutions, contactless payment alternatives and online food ordering for restaurants,” Oleg Firer, CEO of Net Element, stated in the news release. “We continue working diligently to increase shareholder value as we continue to work toward the proposed merger with Mullen Technologies Inc.”
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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