Payment industry veteran joins board and becomes COO as part of business combination with Fit Pay
MELBOURNE, Florida, July 7, 2017 – NXT-ID, Inc. (NASDAQ: NXTD or the “Company”) today announced that Michael Orlando joined its Board of Directors, effective July 6, 2017. Orlando’s appointment to the Board follows the completion of the business combination with Fit Pay, Inc., which Orlando co-founded and served as Chief Executive Officer. In addition to his role on the Board, Orlando will serve as Chief Operating Officer for NXT-ID and President of Fit Pay, Inc., as was previously announced.
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About NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). With extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, NXT-ID develops and markets groundbreaking solutions for payment and IoT applications. Its industry-leading technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers' mobile platforms, the Wocket™, a next-generation smart wallet and the Flye, a digital credit card developed in collaboration with WorldVentures.
NXT-ID includes three mobile and IoT-related subsidiaries: LogicMark, LLC, a manufacturer and distributor of non-monitored and monitored personal emergency response systems ("PERS") sold through dealers/distributors and the United States Department of Veterans Affairs; Fit Pay, Inc., a proprietary technology platform that delivers end-to-end solutions to device manufacturers for contactless payment capabilities, credential management, authentication and other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in biometric identification and authentication. Learn more about NXT-ID at www.nxt-id.com.
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