 BREA, CA ACCESSWIRE March 11, 2021 Mullen Technologies Inc. Mullen or the Company, an emerging electric vehicle EV manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. NASDAQ:NETE in a stock-for-stock reverse merger in which Mullens stockholders will receive a majority of the outstanding stock in the post-merger company, has executed a purchase and sales agreement PSA and opened escrow to purchase an EV manufacturing facility in Tunica, Mississippi. This five-year-old, turn-key facility affords Mullen the opportunity to innovate its manufacturing processes while having the availability to assemble vehicles now and optimize product design with simultaneous engineering efforts. 