Net Element Inc NETE:NASDAQ

Last Price$4.34NASDAQ Previous Close - Last Trade as of 3:59PM ET 10/14/19

Today's Change-0.01(0.23%)
Bid (Size)$4.15 (25)
Ask (Size)$4.35 (4)
Day Low / High$4.33 - 4.39
Volume17.6 K

Net Element Buys Cash Flow Assets From Argus Merchant, Treasury Payments for $1.42 Mln

9:00AM ET 12/27/2018 MT Newswires
Net Element Inc. (NETE), a provider of electronic payments technology, said it has acquired certain cash flow assets from Argus Merchant Services LLC and Treasury Payments LLC for a total of $1.42 million.

Net Element made the acquisitions through its subsidiary Unified Portfolio Acquisitions, and expects to generate "well over $4 million in gross profits over the next four years" from the assets, it said on Thursday.

In addition, the total billing commitment by Argus to Unified over the next five years is expected to generate more than $19 million in gross margin, said Net Element.

Price: 6.30, Change: +0.28, Percent Change: +4.65