NXT-ID (NASDAQ: NXTD), Inc Announces William Fields
(former CEO of Wal-Mart (NYSE: WMT) Retail Stores Division) Appointed to
Advisory Board
Retail Veteran
William Fields to Assist with National Roll-Out of Wocket Smart Wallet
OXFORD,
Connecticut - September 29, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:
NXTD) ("NXT-ID" or the "Company"), a
biometric authentication company focused on the growing mobile commerce market
announces that retail veteran William Fields, former President and CEO of
Wal-Mart (NYSE: WMT) Retail Stores Division and Chief Executive Officer of
Blockbuster Entertainment Group, a division of Viacom, Inc has joined its
Advisory Board.
During his 25-year
career with Wal-Mart, Mr. Fields held numerous senior executive positions
within the organization, including Assistant to Wal-Mart Founder, Sam Walton;
Senior Vice President of Distribution and Transportation; and Executive Vice
President of Wal-Mart, Inc. culminating in the role of President and Chief
Executive Officer of the Wal-Mart Retail Stores Division. Mr. Fields was
responsible for over 2,000 stores and 300,000 employees, generating ~$68
billion in annual revenues.
Mr. Fields stated,
"With all of the recent payment card breaches and day- to-day consumer
concerns over identity theft, Wocket is a timely cutting edge solution
combining both security and convenience. What sets Nxt-ID's technology apart is
the flexibility that they have developed that can accommodate a variety of
protected payment methods on different payment platforms. This allows their
users to remain current and secure as the payment industry is going through a
period of rapid evolution and allows consumers to pay with the most convenient
payment method of their choice. I look forward to assisting the management team
in their efforts to transition from an innovative new technology to widespread
consumer acceptance via major retailers."
Gino Pereira, Chief
Executive Officer said, "We are honored to have Bill join our Advisory
Board and guide us to a new level of consumer awareness and retail exposure.
His retail experience is unparalleled and will open doors for Wocket at a much
faster pace. His engagement and ability to add value across retail, payment
services and low cost manufacturing immediately elevates NXT-ID's execution
capability in these critical areas."
Mr Fields joins a
notable advisory board consisting of:
Mr. Lawrence
Flanagan - President and CEO of AARP Member Services and formerly the Executive
Dean at the University of New Haven College of Business. Flanagan is regarded
as one of the most accomplished global marketing leaders in the country.
Prior to his career
in academia, he spent nearly three decades in corporate America as an executive
at MasterCard Worldwide, the Procter & Gamble Company and L'Oreal USA. As
the global chief marketing officer at MasterCard, he managed a $1.5 billion
budget, directed marketing strategies in more than 50 countries and helped
launch the company's hugely successful, "Priceless" advertising
campaign. He also established strategic partnerships with Major League
Baseball, the PGA Tour and Champions League soccer in Europe and was part of
the executive team that spearheaded MasterCard's highly successful initial
public offering in 2006.
Mr. Ken Moy-
Director of Global Payments and Emerging Commerce at Subway. He was formerly
senior vice president and Group Head of US Emerging Payments at MasterCard
Worldwide.
Moy has extensive
experience in large-scale rollouts, partnerships, corporate development,
strategic planning, business administration and product management. He launched
MasterPass, the firm's digital wallet solution and important pillar to overall
strategy, achieving over 25,000 online merchants, and wallet distribution with
over 20 financial institutions. He led an exclusive agreement with Google,
Citibank and First Data to launch Google Wallet, the first commercially
available mobile payment solutions. He also led an exclusive agreement with Intel
for access to embedded technology in Intel PCs to deliver enhanced security and
user experience for electronic ecommerce.
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2015/09291.asp
Wocket®
is the smartest wallet you'll ever own. Designed to protect your identity and
replace your old wallet, simply swipe and save your cards into Wocket once and
they are immediately secured with pin and biometric voice print technology.
Without ever needing a smartphone, you can choose a card from the touch screen
and Wocket programs its single, smart card (Wocket Card) to match your
selection. From there, you just swipe as you normally would virtually anywhere
that credit cards are accepted today.
All
your credit, debit, loyalty, gift, ID, membership, insurance, medical
information, passwords, and other information can be protected on Wocket®.
About NXT- ID Inc. - Mobile
Security for a Mobile World: (NXTD) (NXTDW):
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 biometric 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. Wocket was recognized as one of the top
technology products at CES 2015 by multiple media outlets including Wired.com.
The Wocket® works anywhere credit cards are accepted and only works with your
biometric stamp of approval. 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/
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.
Contacts:
Media:
D. Van
Zant
+1-800-665-0411
press@nxt-id.com
+1-800-665-0411
press@nxt-id.com
Published at Investorideas.com
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