NXT-ID, Inc. (NASDAQ: NXTD) Announces Stanley E.
Washington, 17 Year Veteran at American Express (NYSE: AXP), Joins Board
Company
Build’s its Team of Financial Services and Retail Experts to Maximize Wocket
Smart Wallet’s Disruptive Technology
OXFORD,
CT, October 7, 2015 -- NXT-ID, Inc.
(NASDAQ: NXTD)
("NXT-ID" or the "Company"), a biometric authentication
company focused on the growing mobile commerce market and creator of the Wocket®
smart wallet announces Mr. Stanley E. Washington, former long- term executive
at American Express (NYSE:AXP) has been appointed to its Board of Directors.
Mr.
Washington is recognized as a key business leader in the financial services
industry with over 25 years’ experience. Currently, as Founder and Chief
Executive Officer of Pantheon Business Consulting (PBC) he manages a strategic
business development firm which focuses on partnering fast growing small &
mid-sized companies in emerging categories with large strategic partners;
providing senior leadership teams with innovative thought leadership concepts
aimed at increased revenue generation, consumer program activation and diverse
strategic supplier partnership development for the building of long-term shareholder
growth and profitability.
Prior
to PBC Stan spent 17 years as an executive at American Express and was Regional
Vice President and General Manager of the Western United States operating as
the region’s senior business leader where he managed American Express’ U.S.
Commercial Card Division overseeing the Account Development Organization
including sales and operational support across multiple industries, to more
than 260 U.S. based companies, representing over $300 billion in annual
corporate revenue.
During
his career at American Express he held numerous positions within the company
including Regional Vice President and General Manager of the American Express
Establishment Services Division where he was responsible for over $50 billion
in annual charge volume, managing all merchant account relationships, card
member marketing, sponsorships and advertising to more than one million
American Express merchant business locations throughout the Western States and
Micronesia.
During
his tenure he was also responsible for American Express’ penetration into
several key industries including Entertainment, Gaming, Restaurant, Wine, Ski
and Luxury Hotels.
Gino
Pereira, Chief Executive Officer, said,” Stan’s expertise, experience and
connections in the financial payment space perfectly compliment the outstanding
retail expertise that William Fields, former CEO of Wal-Mart Retail Stores,
brings to NXT-ID. Together we have a formidable team to maximize the
opportunities for Wocket Smart Wallet and other disruptive technologies that we
will be bringing to market in the near future.”
Mr.
Stanley E. Washington said, “I’m excited to be joining the Board of NXT-ID at a
time when there is so much disruption and opportunity in the payment space. I
believe that the Company’s technologies are well suited to the future direction
of mobile payments and that I can be a catalyst for those efforts.”
Read this release in full
at http://www.investorideas.com/CO/NXT/news/2015/10071.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:
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