NXT-ID Announces Application for NASDAQ Capital Market Listing
SHELTON, CT--(Marketwired - Jun 16, 2014) - NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, today announced that it has filed an application for listing on The NASDAQ Capital Market. Such listing is dependent on the Company meeting all of the necessary listing requirements of the NASDAQ.
Mr. Gino Pereira, CEO of NXT-ID, Inc. said, "If approved, a NASDAQ listing will allow the Company access to a broader range of investors, increase shareholder liquidity and allow the company greater financial flexibility as we ramp up to the delivery of our first consumer product, the Wocket™."
Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.
Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. can also be stored on Wocket™.
The Wocket retails for $149.99. Advance order a Wocket at: http://www.wocketwallet.com
About NXT-ID Inc. - Mobile Security for a Mobile
World
NXT-ID, Inc.'s (OTCQB:
NXTD) innovative MobileBio™ solution mitigates
consumer risks associated with mobile computing, m-commerce and smart OS-enabled
devices. The company is focused on the growing m-commerce market, launching its
innovative MobileBio™ suite of biometric solutions that secure consumers' mobile
platforms led by the Wocket™; a next generation smart wallet designed to replace
all the cards in your wallet, no smart phone required. The Wocket works anywhere
credit cards are accepted and only works with your biometric stamp of approval.
http://www.wocketwallet.com
NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com, http://3d-id.net/
Forward-Looking Statements for NXT-ID
This press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements reflect management's
current expectations, as of the date of this press release, and involve certain
risks and uncertainties. Forward-looking statements include statements herein
with respect to the successful execution of the Company's business strategy. The
Company's actual results could differ materially from those anticipated in these
forward- looking statements as a result of various factors. Such risks and
uncertainties include, among other things, our ability to establish and maintain
the proprietary nature of our technology through the patent process, as well as
our ability to possibly license from others patents and patent applications
necessary to develop products; the availability of financing; the Company's
ability to implement its long range business plan for various applications of
its technology; the Company's ability to enter into agreements with any
necessary marketing and/or distribution partners; the impact of competition, the
obtaining and maintenance of any necessary regulatory clearances applicable to
applications of the Company's technology; and management of growth and other
risks and uncertainties that may be detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
Contact:
Corporate info: Email Contact
Investor Inquiries:
Kirin
Smith
ProActive Capital Group
Direct: 646 863 6519
Email Contact
Media: 800 665-0411