NXT-ID ( $NXTD) Subsidiary Fit Pay Named a
'Start-up of the Year' in Payments by Paybefore
MELBOURNE, Florida - May 30, 2017 - Fit Pay, Inc., a
wholly-owned subsidiary of NXT-ID, Inc. (NASDAQ:NXTD)
and provider of payment, credential management, and authentication platform
services, has been recognized as a 'Start-up of the Year' in payments by
industry publication Paybefore. The recognition was included in Paybefore's
announcement of the winners of the 2017 Pay Awards-the most prestigious
recognition of excellence in the global prepaid and payments technology
industry. Panels of experts in Prepaid, Retail & Loyalty and Payments
Technology selected the winners. (2017 Pay Awards announcement.)
About NXT- ID Inc. - Mobile Security for a Mobile
World
Nxt-ID, Inc. (NASDAQ:NXTD)
is a security technology Company providing security for finance, assets, and
healthcare. The Company's innovative MobileBio® solution mitigates risks
associated with mobile computing, m-commerce, and smart OS-enabled devices.
With extensive experience in biometric identity verification, security and
privacy, encryption and data protection, payments, miniaturization and sensor
technologies, the Company partners with industry leading companies to provide
solutions for modern payment and the Internet of Things ('IoT') applications.
The Company's wholly-owned subsidiary, LogicMark, LLC, manufactures and
distributes non-monitored and monitored personal emergency response systems
('PERS') sold through the United States Department of Veterans Affairs ('VA'),
healthcare durable medical equipment dealers and distributors and monitored
security dealers and distributors.
About Fit Pay, Inc.
Based in San Francisco, California, Fit Pay>, Inc. is led by
former CyberSource and Visa executives with more than 50 years of payment and
identity authentication domain expertise. With payment capabilities enabled by
Fit Pay, wearable and IoT device manufacturers can create customer loyalty, tap
into recurring revenue streams, open new markets, and differentiate their
products in an increasingly competitive market. The company was named a "Startup of the Year" for payment technology by industry publication
Paybefore. Learn more at http://www.fit-pay.com, or on Twitter.
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:
Fit Pay, Inc. Contact:
SOURCE NXT-ID, Inc.
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