Net Element

Net Element International, Inc. (NASDAQ:NETE) is a technology driven group in mobile commerce and payment processing, as well as in entertainment and culture Internet destinations in Russia and other emerging markets. Its international technology development centers, extensive global network and high-level business relationships in the U.S., Russia and the Commonwealth of Independent States strategically position the company for growth in these markets and beyond. Net Element International owns and operates a mobile-commerce company, TOT Money, as well as several Internet properties that create social and business communities in the entertainment, music, motorsports and film industries. Net Element International's main operations are currently located in Moscow, Russia, and Miami, Florida. Net Element International has been selected to move its research and development facility and its team of engineers, programmers and staff members from their current home at Ural University to the Skolkovo Innovation Center, also known as the “Russia Silicon Valley.” This new facility will enable the company to take the necessary next steps, including expanding its 3D development team and capabilities, and bring its new technologies to market.

Services

Net Element International owns and operates a mobile commerce company, TOT Money, as well as Internet properties that create social and business communities in the motorsports, music, film and entertainment industries. Net Element International’s multiple platforms enable rapid development, production and distribution of rich-media content (HD & 3D), services (mobile commerce and SaaS) and branded content in entertainment and news.

Professional Portfolio

Net Element International’s portfolio includes: www.TOTmoney.ru 1; www.Motorsport.com 2; www.Openfilm.com 3; www.Music1.com 4; www.ARLive.com 5; and www.Yapik.com 6. The group is currently beta testing mobile commerce and transactional platforms targeted to specific social economic groups such as Komissionka and LegalGuru 7.

Technology Breakthroughs & Awards

Net Element International has developed 12 IP technologies that include Music Brain, Interactive Visual Advisor, CMS & DAM platforms, custom video players, barter e-commerce system, revenue share platform, 3D virtual modeling broadcast, augmented reality, face recognition, eye tracking, a screen for viewing 3D videos that does not require 3D glasses, and PeopleWipe. Net Element International, which currently has six technology patents pending in the U.S., has been developing a first-of-its-kind technology platform to stream 3D virtual reality simulations that enable users to engage and interact in real time with 3D videos of live events and other engaging content. Net Element International has been presented with the industry award Videomaker Best Product of the Year and was also recognized as the Webby Official Honoree Webby Award.

Recent Developments

Net Element International was listed on the NASDAQ Capital Market on Oct. 3, 2012, under the ticker symbol “NETE.” In celebration of its NASDAQ listing, Net Element International rang the NASDAQ opening bell on Oct. 4, 2012, at the NASDAQ MarketSite in New York City. The NASDAQ listing is the result of a recent merger agreement between Net Element and Cazador Acquisition Corporation Ltd., a special purpose acquisition corporation. Net Element International named Cazador’s CEO Francesco Piovanetti as its CEO. It also named Kenges Rakishev, a noted global businessman and strategic technology investor, as its Chairman, and named Dmitry Kozko as its President. The business combination follows recent shares purchases by global investor Kenges Rakishev and leading Russian entertainment entrepreneur Igor Krutoy.

Management Team

• Francesco Piovanetti (Chief Executive Officer and Board Director)
• Alberto Hernandez (Chief Operating Officer)
• Dmitry Kozko (President and Board Director)
• Ivan Onuchin (Chief Technology Officer)
• Jonathan New (Chief Financial Officer)
• Tim Greenfield (President, Mobile Commerce and Payment Processing)
• Mathew Milner (President, Entertainment and Culture)
• Paul Coyne (Executive Vice President, Entertainment and Culture)

Board of Directors

• Kenges Rakishev (Chairman)
• Mike Zoi
• Francesco Piovanetti
• Dmitry Kozko
• Felix Vulis, CEO of Eurasian Natural Resources Corporation
• David Kelley
• James Caan

Further reading

• "The Wall Street Journal: Market Watch" 9

• Bloomberg Businessweek: Company Profile 10

• The Street: “Cazador Acquisition Corporation To Merge With Net Element International To Support Net Element International’s Mission To Become A Leading Mobile Commerce Company In Russia And Other Emerging Markets” 11

• Virtual Strategy Magazine: Cazador Acquisition Corporation to Merge with Net Element to Support Net Element’s Mission to Become a Leading Mobile Commerce Company in Russia and Other Emerging Markets” 12

• “Noted Kazakhstan Business Leader, Kenges Rakishev, Acquires $32 Million in Net Element Stock, Appointed to the Company’s Board of Directors” 13

• CityBizList Site of the Day: Net Element International 14

• “Igor Krutoy Invests in Net Element International, Forms Joint Venture to Create ‘Music1.com’ Platform to Transform How Music is Experienced Online in CIS Countries” 15

• “Net Element International and MegaFon Announce a Global Release of Net Element International’s Motorsport.com and Komissionka Mobile Apps” 16

• “Net Element International Acquires All Ownership Shares of Motorsport.com Follow Year of Growth, Technology Innovation and Addition of Emerson Fittipaldi As Motorsport.com Chairman” 17

• “Net Element International Appoints CEO of FTSE 100 Company to Its Board of Directors” 18

• “Rising Filmmaker Patrick Boivin Wins Net Element International’s OpenFilm ‘Get It Made’ Short Film Competition, Awarded $500,000 Contract To Produce Feature-Length Film” 19

• “Net Element International Sponsors Ferrari Challenge Race Series” 20

External links

• Net Element International 21
• Cazador Acquisition Corporation Ltd. 22
• Webby Awards Webby Award
• Russia
• Miami
• Kenges Rakishev
• Igor Krutoy
• James Caan
• SPAC
• IPO
• TOT Money 23
• Motorsport 24
• Openfilm 25
• Music1 26
• ARLive [http://www. ARLive.com]
• Yapik 27
• LegalGuru 28

Sources

• The Wall Street Journal: Market Watch 29
• Bloomberg Businessweek: Company Profile 30
• The Street: “Cazador Acquisition Corporation To Merge With Net Element To Support Net Element’s Mission To Become A Leading Mobile Commerce Company In Russia And Other Emerging Markets” 31
• Virtual Strategy Magazine: Cazador Acquisition Corporation to Merge with Net Element to Support Net Element’s Mission to Become a Leading Mobile Commerce Company in Russia and Other Emerging Markets” 32
• “Noted Kazakhstan Business Leader, Kenges Rakishev, Acquires $32 Million in Net Element Stock, Appointed to the Company’s Board of Directors” 33
• CityBizList Site of the Day: Net Element 34
• “Igor Krutoy Invests in Net Element, Forms Joint Venture to Create ‘Music1.com’ Platform to Transform How Music is Experienced Online in CIS Countries” 35
• “Net Element and MegaFon Announce a Global Release of Net Element’s Motorsport.com and Komissionka Mobile Apps” 36
• “Net Element Acquires All Ownership Shares of Motorsport.com Follow Year of Growth, Technology Innovation and Addition of Emerson Fittipaldi As Motorsport.com Chairman” 37
• “Net Element Appoints CEO of FTSE 100 Company to Its Board of Directors” 38
• “Rising Filmmaker Patrick Boivin Wins Net Element’s OpenFilm ‘Get It Made’ Short Film Competition, Awarded $500,000 Contract To Produce Feature-Length Film” 39
• “Net Element Sponsors Ferrari Challenge Race Series” 40