Net Element–s PayOnline Provides Payment Acceptance for the Leading Short-Term Accommodation Rental Service in Russia

Sutochno.ru receives over 700,000 online booking requests annually

Sutochno.ru receives over 700,000 online booking requests annually

PayOnline subsidiary utilizes Telegram instant messenger application to enable payment services for insurance premiums

Merchants May Access PCI ToolKit(R) Activities in Chinese, English, Russian and Spanish

Quarterly Revenues Increased by 98% Over Same Period in 2015

Proprietary Integrated Payment and Remittance Platforms Will Strengthen Net Element–s Global Offering

Company Demonstrates Revenue Growth of 103% Year-Over-Year — Positioned for Strong Growth Going Forward

Aptito is Making Its Move to Serve Emerging Markets With the Launch of Its Hospitality Point of Sale and Business Management Platform in the Russian Federation

Total Transactions Processed Increased by 210% Year Over Year

Transaction Establishes Fixed Conversion Price, Mitigates Potential Dilutive Impact of Convertible Preferred Shares and Warrants

MIAMI, FL — (Marketwired) — 10/16/15 — (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced the termination of $5 million senior convertible notes, which were announced as part of the financing on May 1, 2015 and extended through moratorium agreement with the investors until October 10, 2015.As previously reported on Form 8-K filed with the Securities and Exchange