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The Fast-growing All-around Online Aliment Commitment Industry is Accepted to Abound to $200 Billion by 2025
MIAMI, FL, Dec. 26, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a all-around technology and value-added solutions accumulation that supports cyberbanking payments accepting in a multichannel ambiance including point-of-sale (POS), e-commerce and adaptable devices, today announces that its subsidiary, Aptito, has entered the all-around online aliment commitment industry through the barrage of its multi-restaurant cocky acclimation kiosk solution.
The all-around online aliment commitment industry is accepted to abound from $82 billion to $200 billion by 2025 and is alluring cogent advance to the tune of $9.6 billion in 2018 according to analysis by Frost & Sullivan. Aptito’s new multi-restaurant cocky adjustment kiosk software-as-a-service provides a admired band-aid for restaurants gluttonous to admission acknowledgment and sales after the aerial fees actuality answerable by the brand of Uber Eats, Grubhub and Postmates. These accumulation acquiesce restaurants to action incentives such as discounts and chargeless aliment add-ons to allure and absorb customers.
Touch screens with agenda airheaded and adorable pictures action as a sales and business apparatus to accomplish take-out sales for accommodating restaurants at a atom of the amount while abbreviation labour expenses. Aptito’s self-order kiosk band-aid doesn’t crave the end user to accept a smartphone. Anyone with a acclaim agenda can abode an adjustment and pay anon at the kiosk which can be calmly amid in appointment and residential buildings, schools, universities and added high-traffic businesses after dining alternatives on premises.
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“Aptito’s multi-restaurant cocky adjustment kiosk band-aid fills a gap in the all-around online aliment acclimation industry by bringing restaurants and consumers calm behindhand of the consumer’s adaptable phone, Internet admission or technology abilities while abbreviation restaurants’ amount to accomplish sales and accretion absolute business acknowledgment to their bounded communities,” commented Vlad Sadovskiy, president of chip payments for Net Element.
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added casework belvedere for baby to average action (“SME”) in the U.S. and called arising markets. In the U.S. it aims to abound transactional acquirement by innovating SME abundance casework application blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s action is to advantage its omnichannel belvedere to bear adjustable offerings to arising markets with assorted banking, authoritative and demographic conditions. Net Element was ranked as one of the fastest-growing companies in North America on Deloitte’s 2018 Technology Fast 500™. In 2017, Net Element was accustomed by South Florida
Business Journal as one of 2016’s fastest-growing technology companies. Added advice is accessible at www.NetElement.com.
Securities Exchange Act of 1934, as amended. Any statements independent in this columnist absolution that are not statements of absolute actuality may be accounted advanced statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and agnate expressions are advised to analyze such advanced statements. All advanced statements absorb cogent risks and uncertainties that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements, abounding of which are about alfresco the ascendancy of Net Element and are difficult to predict. Examples of such risks and uncertainties accommodate whether Aptito’s multi-restaurant cocky adjustment kiosk software-as-a-service will accomplish mass-market adoption, whether this artefact and account alms will aftereffect in a aggressive advantage over the company’s rivals and whether Aptito’s multi-restaurant cocky adjustment kiosk software-as-a-service will be a success or crop any allowances to the Company. Added examples of such risks and uncertainties include, but are not bound to: (i) Net Element’s adeptness (or inability) to access added costs in adequate amounts or on adequate agreement back needed; (ii) Net Element’s adeptness to advance existing, and defended additional, affairs with users of its acquittal processing services; (iii) Net Element’s adeptness to auspiciously aggrandize in absolute markets and access new markets; (iv) Net Element’s adeptness to auspiciously administer and accommodate any acquisitions of businesses, solutions or technologies; (v) hasty operating costs, transaction costs and absolute or accidental liabilities; (vi) the adeptness to allure and absorb able advisers and key personnel; (vii) adverse furnishings of added antagonism on Net Element’s business; (viii) changes in government licensing and adjustment that may abnormally affect Net Element’s business; (ix) the accident that changes in customer behavior could abnormally affect Net Element’s business; (x) Net Element’s adeptness to assure its bookish property; (xi) local, industry and accepted business and bread-and-butter conditions; (xii) adverse furnishings of potentially breakable U.S.-Russia relations, including, after limitation, over a battle accompanying to Ukraine, including a accident of added U.S. government sanctions or added acknowledged restrictions on U.S. businesses accomplishing business in Russia. Added factors that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements can be begin in the best contempo anniversary address on Form 10-K, anniversary letters on Form 10-Q and accepted letters on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that consecutive contest and developments may account its plans, intentions and expectations to change. Net Element assumes no obligation, and it accurately disclaims any ambition or obligation, to amend any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as especially appropriate by law.
Contact:Net Element, Inc. 1 (786) [email protected]
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