NXT-ID (NASDAQ: $NXTD) and
Subsidiary Fit Pay to Demo Payment Platform at Pepcom's Digital Experience!
Media Event in Las Vegas
Company to Highlight Recent Milestones, Including
Strategy for Connecting Cryptocurrencies to the Payment Ecosystem
MELBOURNE,
Florida - January 4, 2018 (Investorideas.com Newswire) NXT-ID, Inc.
(NASDAQ: NXTD) a provider of payment, credential
management, and authentication platform services and Fit Pay, Inc., its wholly owned
subsidiary, will be participating the Pepcom Digital Experience! media event on
Monday, January 8, 2018, at The Mirage Hotel & Casino in Las Vegas, Nevada
from 7:00 to 10:30 pm.
Digital
Experience!® is the annual Pepcom media event held in January on the eve of the
Consumer Electronics Show® in Las Vegas. This is the single most popular
showcase - with exhibitors and press alike - and the largest media event at the
show. Digital Experience! is an independent event and not affiliated with the
show or the Consumer Technology Association.
NXT-ID,
Inc. and Fit Pay, Inc. will demo the FitPay Payment Platform™, the company's
proprietary technology platform that adds contactless payment capabilities to
wearable and IoT devices. FitPay recently announced that Garmin Pay™, a
contactless payment capability on the Garmin vívoactive 3 smartwatch that is
powered by the FitPay Platform, is now live.
Management
will also highlight with attending media its recently announced strategy to
extend the FitPay Payment Platform to cryptocurrency holders.
On
December 20th, Fit Pay, Inc. and Cascade Financial Technology Corp announced an
agreement for the joint development of a platform that gives cryptocurrency
holders the ability to use the value of their currency to make purchases at
millions of retail locations worldwide. The new platform will enable devices
with stored value exchanged from cryptocurrency to be used for traditional
payment transactions.
The
joint development of the cryptocurrency platform by FitPay and Cascade FinTech
is expected to launch in early 2018.
About NXT- ID Inc. - Mobile Security for a Mobile World:
(NXTD)
NXT-ID, Inc. (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, Inc. (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 www.nxt-id.com.
Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature and constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such forward-looking
statements reflect the Company’s expectations about its future operating
results, performance and opportunities that involve substantial risks and
uncertainties. These statements include but are not limited to
statements regarding the intended terms of the offering, closing of the
offering and use of any proceeds from the offering. When used herein, the words
“anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and
“expect” and similar expressions, as they relate to NXT-ID, Inc., its
subsidiaries, or its management, are intended to identify such forward-looking
statements. These forward-looking statements are based on information currently
available to the Company and are subject to a number of risks, uncertainties,
and other factors that could cause the Company’s actual results, performance,
prospects, and opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements.
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