#WorldVentures and #Nxt_ID (Nasdaq: $NXTD) Form
Strategic Alliance to Create Next Generation #SmartCard
—New
innovation will allow WorldVentures DreamTrips™ Members to earn restaurant
points towards free vacations.
—WorldVentures
users to experience more convenient, more secure way to travel with one smart
card.
—First
iteration of concept to be introduced at the WorldVentures UNITED annual
conference in Orlando, Jan. 15-17.
January 4, 2016 -- (PLANO, Texas) WorldVentures®,
a privately held leading direct seller of vacation and entertainment club
memberships and Inc. 5000
fastest-growing company, today announced that it has reached a definitive
agreement with Connecticut-based Nxt-ID, Inc. (NASDAQ: NXTD), a company
focused on the growing m-commerce market. The agreement calls for WorldVentures
to make a strategic investment of $2 million in Nxt-ID to develop a proprietary
new wireless smart card for its members—numbering in the several hundreds of
thousands worldwide—based on Nxt-ID’s Wocket®, a unique smart wallet
that serves to securely store all credit cards. The smart card will be
customized with additional technologies and wireless features, such as the
ability to seamlessly integrate with WorldVentures's
DreamTrips App to wirelessly check in and earn loyalty points towards free
DreamTrips vacations at select restaurants. DreamTrips is a travel
club and entertainment community where Members enjoy exciting excursions
year-round to extraordinary destinations.
The agreement also provides that upon completion of
development, the card will be sold exclusively to WorldVentures to be distributed
and made available to its Members.
In addition, the agreement provides for ongoing
enhancement of the smart card with new product innovations already in
development. Enhanced Next-ID technology is intended to:
§ Replace all cards in the user’s wallet
§ Store hundreds of credit cards, loyalty cards,
records and other data, and be used virtually anywhere payment can be made with
a credit card
§ Offers added identity protection for increased
peace of mind while traveling
§ Allow Members to earn points at select restaurants
worldwide that can be used towards DreamTrips vacations
§ Foster social interactive engagement with DreamTrips
Members worldwide through its wireless App and card communication features
The strategic alliance supports WorldVentures’s
mission to help its Independent Representatives and DreamTrips Members get more
fun, freedom and fulfillment in their lives. “In this high-tech,
hyper-connected world, we are enabling people to use technology in a more
powerful and compelling way,” said Wayne Nugent, World Ventures Co-founder and
Chief Visionary Officer. “And our Independent Representatives will be able to
bring this exciting new innovation to travelers all over the world, making their
experiences richer, safer, and more engaging and rewarding.”
WorldVentures fosters an environment where independent-minded
entrepreneurs can build their own businesses, set their own direction and make
a living…living!® The customized smart card is the first of many
innovations that will help them do that. “This is only the beginning,” said Dan
Stammen, WorldVentures Chief Executive Officer. “Our collaboration with the
Nxt-ID executive and technology teams not only sets WorldVentures apart in the
direct selling industry, but will allow us to develop the most technologically
advanced human networking interactions through new products while continuously
enhancing our current product set.”
Nxt-ID President and Chief Executive Officer Gino
Pereira says, “We are tremendously excited about our strategic partnership with
WorldVentures. This is a great example of the type of partnership that we are
seeking in order to leverage our unique technologies. WorldVentures has an
extraordinarily successful distribution model and a very talented and inspirational
management team.”
WorldVentures will introduce the concept at its
UNITED annual conference Jan. 15-17, 2016 in Orlando, Fla. “This year marks our
company’s 10th anniversary,” muses Nugent, “and as we enter into the
next decade it is no longer as a direct marketing organization, but as a
technology company that uses direct marketing to bring exciting innovations,
business opportunities and one-of-a-kind experiences to our members worldwide.”
Read this release in full at
http://www.investorideas.com/CO/NXT/news/2016/01042.asp
About WorldVentures
WorldVentures 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 unique
vacations at reduced prices. WorldVentures is a privately held company based in
Plano, Texas, with active Representatives and Members in 28 countries. http://worldventures.com
About Nxt-ID, Inc.
Nxt-ID, Inc. 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.
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.
Media Contact, WorldVentures:
Connie Glover
Manager, Public Relations
World Ventures Holdings, LLC
c: 214.726.2567
Media Contact, Nxt-ID, Inc.:
D. Van Zant
800.665.0411
Published at Investorideas.com
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