NXT-ID (Nasdaq:NXTD)
Announces Update on New DreamTrips
Smart Card Developed by NXT-ID
Melbourne FL, February 9, 2016 --
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing
mobile commerce market, updates progress on the new smart card being developed
for WorldVentures vacation club members .
On Jan. 4, WorldVentures and NXT-ID, Inc. announced a strategic alliance to develop a
proprietary new wireless smart card for its members, based on NXT-ID’s Wocket® smart wallet technology.
Yesterday, both companies signed off on the hardware specifications for the
card which will now enter the manufacturing and testing phase. NXT-ID
anticipates on time completion of the development schedule with initial deliveries
of the card by the end of June 2016.
WorldVentures currently has approximately 500,000
DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures’s executive team is to
make the smart card available to every existing member, and include the smart
card, purchased from NXT-ID, in the member kit proved to every new member.
The new DreamTrips card will make travel and vacationing
simpler and more secure with a number of new and unique features to be
announced prior to launch.
WorldVentures Marketing, LLC is the leading international
direct seller of vacation club memberships and helps people achieve more fun,
freedom and fulfillment by offering DreamTrips™ memberships, which include
premium vacations at reduced prices. WorldVentures is a privately held company
based in Plano, Texas, with active Representatives and members in 28 countries.
For more information, please visit www.worldventures.com.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s 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 solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in
your wallet, no smart phone required. http://www.wocketwallet.com/
NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is
engaged in biometric identification and has 22 licensed patents in the field of
3D facial recognition http://www.nxt-id.com/, http://3d-id.net/
Wocket®
is the smartest wallet you'll ever own. Designed to protect your identity and
replace your old wallet, simply save your cards into Wocket once and they are
immediately secured. You can choose a card from the touch screen and Wocket
programs its single, smart card (Wocket Card) or uses its NFC touch to pay
technology to match your selection. Your Wocket can be used virtually anywhere
that credit cards are accepted today. Wocket can also display a variety of
barcodes.
All your
credit, debit, loyalty, gift, ID, membership, insurance, medical information,
passwords, and virtually any other information can be protected on Wocket®.
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.
NXT- ID Inc Contact:
Media:
D. Van Zant
800 665-0411
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