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Wednesday, August 16, 2017

NXT-ID, Inc. (Nasdaq: $NXTD) Reports Financial Results for the Six Months and Quarter Ended June 30, 2017

NXT-ID, Inc. (Nasdaq: $NXTD) Reports Financial Results for the Six Months and Quarter Ended June 30, 2017

MELBOURNE, Florida, August 15, 2017 -NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a security technology company, is pleased to report its financial and operating results for the six months and quarter ended June 30, 2017.

Gino Pereira, Chief Executive Officer of NXT-ID said, “Our second quarter results for 2017 show continued growth following the significant progress we reported in Q1 2017. Revenue for the first six months of 2017 was more than $14 million compared to just over $80,000 for the same period last year, so we’re making real progress in terms of revenue.

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Full financial results and Management's Discussion and Analysis can be found in the Company’s Form 10-Q for the quarterly period ended June 30, 2017 filed with the Securities and Exchange Commission (“SEC”) on August 14, 2017.

About NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). With extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, NXT-ID develops and markets groundbreaking solutions for payment and IoT applications. Its industry-leading technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers' mobile platforms, the Wocket™, a next-generation smart wallet and the Flye, a digital credit card developed in collaboration with WorldVentures.  

NXT-ID includes three mobile and IoT-related subsidiaries: LogicMark, LLC, a manufacturer and distributor of non-monitored and monitored personal emergency response systems ("PERS") sold through dealers/distributors and the United States Department of Veterans Affairs; Fit Pay, Inc., a proprietary technology platform that delivers end-to-end solutions to device manufacturers for contactless payment capabilities, credential management, authentication and other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in biometric identification and authentication. Learn more about NXT-ID at

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