NXT-ID
(NASDAQ: NXTD) Announces New WorldVentures DreamTrips SmartCards
to Be Delivered in 2016; Purchase Order Valued Up to $15 Million
Melbourne FL, February 22, 2016 --
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing
mobile commerce market, announces the first purchase order for a new SmartCard
being developed for WorldVentures
vacation club Members. On February 9, 2016, the Company announced that both
companies signed off on the hardware specifications for the new product and
that it was entering the manufacturing phase.
The DreamTrips™ card is a totally
new product for NXT-ID and WorldVentures and will make travel, vacationing and
even daily purchases simpler and more secure with a number of new and unique
features to be announced prior to launch.
It is a next generation SmartCard
that does not require a Wocket® and can operate as a stand-alone device. It can
also sync to the DreamTrips Smartphone app for a connected user experience.
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 SmartCard available to every
existing member and eventually, a general global
consumer market.
The purchase order is for up to $15
million and is subject to WorldVentures acceptance of the prototype card now
being manufactured. The purchase order calls for equal monthly deliveries with
a value of $2.5 million a month from July to December 2016. With the exception
of the order for the first $2.5 million, WorldVentures has the option
to cancel, defer or increase monthly shipments with 90 days written notice
on subsequent orders.
Read this release in full at http://www.investorideas.com/CO/NXT/news/2016/02221.asp
WorldVentures Marketing, LLC is the leading international
direct seller of vacation club memberships and helps people achieve more fun,
freedom and fulfillment through their DreamTrips memberships which offer highly
curated vacation, local entertainment, dining and event experiences enjoyed
with the member community or individually. 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. For more
information, please visit www.nxt-id.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://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.
NXT- ID Inc Contact:
Media:
D. Van Zant
800 665-0411
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