Net Element’s (NASDAQ: NETE) North American Business Up 40 Percent in First Quarter

  • North American business up 40 percent in Q1
  • Track record of phenomenal domestic growth with international growth plan in place
  • Zach’s pegs NETE at $3.12 per share once profitable

Currently trading at 65 cents a share, Zach’s Small Cap Research just pegged Net Element (NASDAQ: NETE) at $3.12, five times current market value, once it reaches profitability (http://nnw.fm/wV8IN). The highly respected research firm noted that Net Element’s U.S. business growth was up a phenomenal 40 percent in the first quarter, while the company’s overseas operations and expansion were currently dragging down growth. However, global expansion has been a cornerstone of Net Element’s long term growth plans.

Growth, the elixir of Wall Street, is no stranger to Net Element. Just last year, the company was recognized by the South Florida Business Journal as one of the fastest growing technology companies in the United States, and, in 2012, the company’s Unified Payments division was named the fastest-growing private company in America by Inc. Magazine. To become an industry leader, investing, opening and expanding into new markets is…

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