FN Media Group (FNM) is pleased to publish a follow up interview with Rhode Island investor, business man and award winning movie producer Chad A. Verdi. In October 2011, Mr. Verdi made a $ 1 Million offer for the Amanda Knox movie rights through his production company, Verdi Productions. Following his due diligence he formally withdrew his offer. Mr. Verdi discusses his due diligence process for investing in both film and the technology sector. Mr. Verdi focus is on biometrics, which is forecasted to grow to a sustainable market of greater than $10 Billion annually by the year 2017.
Mr. Verdi, reading previous news from your company, you had already secured financing for the Untitled Knox Project, if a deal had been reached. Your s plans were to make a seven-figure pay-or-play offer to Natalie Portman to play Amanda. You then withdrew the official offer of One Million Dollars (U.S. $1,000,000) for Amanda Knox's life rights stating you felt there was more to the story and Amanda would be forced back to Italy and retried. Now that you see all this coming to fruition, can you explain your reasons and due diligence process?
A: Chad A. Verdi
As I said when I formally withdrew the offer, "after reviewing all the information we had involving the Knox case, we had decided it was not the inspirational feel good story that VP was looking for and we withdrew our offer. “ . I had a team of about twenty students doing the background and due diligence and the story did not pass our scrutiny.
In our previous interview you discussed your recent investment in NXT- ID Inc (NXTD), a company with m-commerce mobile biometric voice recognition technology. Now that you are seeing all the buzz around Apple's (AAPL) Touch ID fingerprint technology and the news that Android (GOOG) will be introducing biometrics in the next six months, do you feel that your investment due diligence, investing in NXT- ID ahead of all this news validates your due diligence ?
A: Chad A. Verdi
Yes I do. I think the company is two years ahead of everyone else and was launched as a public company at the right time in the right sector. I think when the technology is introduced to the media, analyst and investors- they will be as excited and convinced as I am.
Some big deals are happening in the facial recognition space as well - something NXT- ID has entered with its subsidiary 3D-ID LLC. I understand the company has 22 patents. With companies like Facebook (FB) talking about facial recognition and Hewlett-Packard Company (HPQ) just announcing a huge deal with the Department of Homeland Security for biometrics that included both facial and voice recognition - how do you biometrics technology rolling out ?
A: Chad A. Verdi
I agree with most of what the leading analysts are saying - Apple's implementation is the just the beginning and they making biometrics mainstream. And that is why I invested in and then became the largest shareholder in NXT-ID. Like I stated prior to you, I own Apple Yahoo etc, I believe NXT-ID can become what those companies are today.
Recently it was stated you are working with two Oscar winning producers Martin Scorsese and Bruce Cohen on your next project, Bleed for This, the inspirational true story of World Champion Boxer Vinny Pazienza.
A: Chad A. Verdi
Yes, that is very, very cool and I don't sleep at night. Like Bleed for This, NXT-ID keeps me up all night, they are both game changers and both have huge potential The one difference I feel is that NXT-ID products will one day be used by most if not all humans, it can be that big,
About the Verdi Productions and Woodhaven Production Company:
Both Verdi Productions and The Woodhaven Production Company are fully funded film production companies, covering all aspects of filmmaking from conception of script through postproduction. http://www.woodhavenfilms.com/ , http://www.verdifilms.com/
Additional biometrics news for Apple, Inc. (AAPL), Facebook, Inc. (FB) and Google, Inc. (GOOG) have all recently revealed plans to incorporate Facial Recognition and Touch Fingerprint technology. The facial recognition sector is forecasted to reach a value of $3.5 billion by 2015, while the fingerprint sector is scheduled to reach a value of $6.6 billion the same year.
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