Breaking News

Tweet TWEET

Excel Business Solutions and TOT Group Announce a Strategic Payment Processing Relationship for U.S. Based Small and Medium Size

Excel Business Solutions and TOT Group Announce a Strategic Payment Processing
Relationship for U.S. Based Small and Medium Size Businesses

Net Element Subsidiary TOT Provides Technology and Brand Access, While Excel
Offers Established Merchant Relationships and Processing

NEW YORK and MIAMI, Nov. 8, 2013 (GLOBE NEWSWIRE) -- Net Element International
(Nasdaq:NETE) ("Net Element" or the "Company"), a technology-driven group
specializing in mobile payments and value-added transactional services in
emerging countries, is pleased to announce today that TOT Group, Inc. ("TOT
Group"), Net Element's mobile payments and transactions processing subsidiary,
has entered into a strategic payment processing relationship with merchant
processing and other financial services provider, Excel Business Solutions, a
subsidiary of Excel Corp. (OTC Bulletin Board: EXCC).

Excel Business Solutions seeks to expand its base of merchants, by working
closely with Independent Sales Organizations ("ISO"s) and small to medium
sized merchants seeking competitively priced credit and debit card processing
and a high level of customer service.Under the terms of this agreement, Excel
will bring their expertise in forging merchant relationships while TOT Group
will provide Excel with a minimum of $450,000 over the next five months to
deploy a line of exciting, innovative payment products including mobile
payments technology, proprietary brands and exclusive marketing channels.

"We are excited to leverage TOT's key payment processing brands such as
Process Pink and bring the value of our enhanced services and depth to a much
broader audience across multiple retail channels," said David Popkin, CEO of
Excel Corp. "Our goal is to enable payment solutions that help businesses
improve their growth, financial goals and operational efficiencies.TOT shares
our mission and commitment to support small to medium size businesses and find
solutions to their processing needs.The relationship is expected to increase
revenue growth for Excel, and at the same time allow us to introduce TOT's
cutting-edge technology to our merchants."

"One of our keys to growth is partnering with proven business builders that
share our passion for serving SMBs combined with the ability to deliver a new
generation of innovative products and brands that are differentiated in the
market place – all while keeping focused on helping small business connect
with consumers and drive transactions," says Tim Greenfield, President of
Mobile Commerce and Payment Processing."Our other TOT brands such as Aptito –
our next generation cloud-based point of sale payments platform -- will also
benefit because we are gaining access to a vast number of merchants."

As part of the agreement, TOT will be a strategic partner in Excel's future
growth and revenue goals.This is expected to allow Excel to continue
investing in the expansion of their merchant business relationships, grow its
sales team and offer more small merchant financial products. 

About Net Element International (Nasdaq:NETE) 

Net Element International (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.TOT Group companies include Unified Payments, recognized
by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012
and Aptito, a next generation cloud-based point of sale payments platform.The
TOT Money Group has a leading position in Russia and has been ranked as the #1
SMS content provider by Beeline, Russia's second largest telecommunications
operator.Together with its subsidiaries, Net Element International enables
ecommerce and adds value to mobile commerce 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
and international headquarters in Moscow.More information is available at
www.netelement.com.

About Excel Corporation (OTCBB:EXCC) 

Excel Corporation is a provider of merchant processing services for the small
to medium size businesses through its subsidiary Excel Business Solutions.The
Company works with merchants to address their debit and credit card processing
needs and partners with Independent Sales Organizations ("ISO"s).Their
services help merchants who are seeking more competitive credit and debit card
pricing and a higher level of customer service.Excel works with merchants to
access electronic payment processing services, which include credit and debit
card processing, check approval, and ancillary processing equipment and
software services to merchants who accept credit cards, debit cards, checks,
and other non-cash forms of payment.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.Any statements contained in this
press release that are not statements of historical fact may be deemed
forward-looking statements.Words such as "will," "may," "could," "should,"
"expect," "plan," "intend," "anticipate," "believe," "estimate," "predict,"
"potential," and similar expressions are intended to identify such
forward-looking statements.These forward-looking statements include, without
limitation, the extent of business services and transactional solutions, if
any, that are successfully conducted or launched as a result of the
relationship between Excel Business Solutions or Excel's existing or future
clients and TOT Group or otherwise; the extent that the relationship
established between the said parties will benefit other TOT brands and
enterprises, like Aptito or Excel's existing or future clients; the extent of
the existing or new services and products offered by either party as a result
of the relationship between Excel Business Solutions and TOT Group or
otherwise; whether the relationship between TOT Group and Excel Business
Solutions increases revenue for either Excel Corp. or Net Element
International; and whether Net Element International or Excel business
continues to grow.All forward-looking statements involve significant risks
and uncertainties that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements, many of which
are generally outside the control of Net Element International and/or Excel
and are difficult to predict.Examples of such risks and uncertainties
include, but are not limited to: (i) Net Element International's or Excel's
ability (or inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Net Element International's or Excel's
ability to maintain existing, and secure additional, contracts with users of
its payment processing services; (iii) Net Element International's or Excel's
ability to successfully expand in existing markets and enter new markets; (iv)
Net Element International's or Excel's ability to successfully manage and
integrate any acquisitions of or joint ventures with businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual
or contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Net Element International's or Excel's business; (viii) changes in government
licensing and regulation that may adversely affect Net Element International's
or Excel's business; (ix) the risk that changes in consumer behavior could
adversely affect Net Element International's business; (x) Net Element
International's ability to protect its intellectual property; and (xi) local,
industry and general business and economic conditions. Additional factors that
could cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most recent
annual report on Form 10-K and the subsequently filed quarterly reports on
Form 10-Q and current reports on Form 8-K filed by Net Element International
and Excel Corp. with the Securities and Exchange Commission. Net Element
International and Excel Corp. anticipate that subsequent events and
developments may cause plans, intentions and expectations to change. Net
Element International and Excel Corp. assume no obligation, and they
specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.

CONTACT: MEDIA CONTACTS:
        
         Dan Bruck
         dbruck@netelement.com
         (305) 507-8808
         www.netelement.com
        
         Fran Del Valle (on behalf of Excel Corporation)
         fran@solutionstoexcel.com
         (212) 717-5499
 
Press spacebar to pause and continue. Press esc to stop.