Net Element CEO Honored With Best in Biz Award

Net Element CEO Honored With Best in Biz Award

Oleg Firer Recognized in the Executive of the Year Category for His Leadership
and Innovation

MIAMI, Nov. 27, 2013 (GLOBE NEWSWIRE) -- Net Element International
(Nasdaq:NETE), a technology-driven group specializing in mobile payments and
value-added transactional services in emerging countries and in the United
States of America, is pleased to announce that its CEO has been honored with a
Bronze medal in the Best in Biz Awards in the Executive of the Year category.
The Best in Biz Awards is an independent business awards program judged by
members of the press and industry analysts.

Oleg Firer is a seasoned executive with deep knowledge and experience in
payment processing. After a number of years in the wireless and data
communications industry, in 2002 Mr. Firer focused his efforts in the payments
business and successfully developed high growth strategies in the industry
utilizing both direct and indirect sales channels.In 2007, Mr. Firer led a
payments industry focused private equity group and formed Unified Payments,
which generated annual revenues of over $60 million in 2012 and was recognized
by Inc. Magazine as the fastest-growing company in 2012. In addition, in 2012
Unified Payments was honored as Gold medal winner in Best in Biz Awards and
was named the Fastest Growing Company of the Year.

The third annual Best in Biz Awards program, focusing on companies based or
operating in North America, was stated by the program organizers as the most
competitive in its history, with the highest number of awards submissions to
date. More than 500 entries were received this year, from a wide array of
public and private companies of all sizes and from a variety of industries and
geographic regions in the U.S. and Canada.Best in Biz Awards 2013 honors were
presented in more than 50 categories, including Company of the Year,
Fastest-Growing Company of the Year, Most Innovative Company of the Year, Best
Place to Work, Technology Department of the Year, Executive of the Year, Most
Innovative Product of the Year, Best New Product of the Year, PR Campaign of
the Year and Website of the Year.

"I am of the firm belief that even an exceptional CEO would fail without the
support of a passionate, knowledgeable and professional team that possess
extraordinary skills," said Oleg Firer, Net Element CEO."We are fortunate to
have such a group that inspire and challenge one another to make a difference
every day."

Winners of Best in Biz Awards 2013 were determined by an independent panel of
50 judges from top-tier news, business and technology publications, as well as
broadcast outlets and analyst firms, such as Accounting Today, Arizona Daily
Star, Atlanta Tribune, Bloomberg BusinessWeek, Cascade Business News, Chicago
Tribune, Chip Design Magazine, Computerworld, Crain's New York Business, CRN,
Dallas Morning News, Dayton Business Journal, Detroit Free Press, ECT News
Network, Entrepreneur, eWeek Channel Insider, Executive Travel Magazine, Fast
Company, Financial Times, Fortune, Hartford Business Journal, Hartford
Courant, Inc. Magazine, King Features Syndicate, Lab Reviews, Law Technology
News, Miami Herald, Memphis Business Journal, Network World, NorthBay Biz,
Orange County Register, PC Magazine, Phoenix Business Journal, Pittsburgh
Business Times, Prairie Business Magazine, Quad-City Times, Reuters, San
Francisco Chronicle, San Jose Mercury News, Savannah Morning News, Small
Business Digest, South Florida Business Journal, Tech.Blorge, Tech-Gaming,
Times (Munster, Indiana), Upstart Business Journal and USA Today.

"What impressed me the most about the winning entries was the way their
business plans were geared toward filling real voids in our communities," said
Best in Biz Awards judge Evan S. Benn, staff writer at the Miami Herald.
"While they all have sound investment platforms, none of the winning plans
are get-rich-quick schemes that will only serve investors.They have developed
products, tools and ideas that will truly help improve the way we function."

For a full list of gold, silver and bronze winners in Best in Biz Awards 2013,
visit: http://www.bestinbizawards.com/2013-winners.

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,
Aptito, a next generation cloud-based point of sale payments platform, and TOT
Money, which 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 Best in Biz Awards

Best in Biz Awards recognizes top companies, teams, executives and products
for their business success as judged by established members of the press and
industry analysts.Best in Biz Awards honors are conferred in three separate
programs annually: North America, EMEA, and International.For more
information about the entry process and categories in the EMEA program, please
visit: http://emea.bestinbizawards.com.

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 "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate," "believe,"
"estimate," "predict," "potential," and similar expressions are intended to
identify such forward-looking statements. These forward-looking statements
include, without limitation, whether Net Element International or its 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 are
difficult to predict. Examples of such risks and uncertainties include, but
are not limited to: (i) Net Element International's ability (or inability) to
obtain additional financing in sufficient amounts or on acceptable terms when
needed; (ii) Net Element International's ability to maintain existing, and
secure additional, contracts with users of its payment processing services;
(iii) Net Element International's ability to successfully expand in existing
markets and enter new markets; (iv) Net Element International's ability to
successfully manage and integrate any acquisitions of 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 business; (viii) changes in government licensing
and regulation that may adversely affect Net Element International'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 with the
Securities and Exchange Commission. Net Element International anticipates that
subsequent events and developments may cause its plans, intentions and
expectations to change. Net Element International assumes no obligation, and
it 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 CONTACT:
         Dan Bruck
         dbruck@netelement.com
         (305) 507-8808
         www.netelement.com
 
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