EXHIBIT 21.1

List of Subsidiaries

As of February 1, 2011

Name	Type of Operation	State of Inc.	% Ownership	Date of Organization	Domestic or  Foreign
Openfilm, LLC	Online Media	FL	100 by NEI	November 2007	USA
Openfilm, Inc	Payroll Processing - Openfilm, LLC	DE	100 by Openfilm, LLC	January 2009	USA
Openfilm Studios, LLC	Contests and Film Production	FL	100 by Openfilm, LLC	September 2010	USA
Netlab Systems, LLC	Intellectual Property Holdings	FL	100 by NEI	October 2010	USA
Netlab Systems, LTD	Intellectual Property Holdings	n/a	100 by Netlab Systems, LLC	January 2010	Cayman Islands
Netlab Systems, LLC	Intellectual Property Holdings	n/a	100 by Netlab Systems, LLC	January 2010	Ukraine
Netlab Systems, LLC	Intellectual Property Holdings	n/a	100 by Netlab Systems, LLC	January 2010	Russia
Netlab Systems IP, LLC	Intellectual Property Holdings	FL	100 by NEI	January 2010	USA
Zivos, LLC	Research and Development	n/a	100 by Openfilm, LLC	April 2008	Ukraine
Korlea-TOT Energy s.r.o.	Joint Venture	n/a	51 by NEI	July 2008	Czech Repubic
Green1 Energy, LLC	Inactive	FL	100 by NEI	February 2008	USA
Motorsport, LLC	Holding Company	FL	100 by NEI	September 2010	USA
Motorsport.com, Inc.	Online Media	FL	80 by Motorsport, LLC	April 1999	USA
Music1, LLC	Holding Company	FL	100 by NEI	September 2010	USA
A&R Music Live, LLC	Online Media	GA	97 by Music1, LLC	June 2001	USA
Net Element Capital, LLC	Inactive	FL	100 by NEI	November 2010	USA