Nxt-ID
(Nasdaq: $NXTD) Announces Investor Webcast to Discuss Recent News of the
Spin-off of Its Payments Division
SEBASTIAN,
Florida, September 26, 2018 -- (Investorideas.com
Newswire) Nxt-ID, Inc. (Nasdaq:NXTD) a provider of
healthcare devices as well as payment, credential management, and
authentication platform services, announces its management team will host an
investor webcast to discuss the recently announced plan to spin-off its payment
division.
The
webcast will commence Thursday, September 27th at 4:10 p.m. EST.
The
Company previously announced that it intends to separate its payments,
authentication and credential management business into an independent company
and distribute shares of the newly created company to its shareholders through
the execution of a spin-off, which the Company believes will qualify as a
tax-free distribution. Immediately following the transaction, which is expected
to be completed by November 15, 2018, Nxt-ID shareholders who own common shares
of Nxt-ID on the dividend date of October 15, 2018 will own shares of both
companies. The webcast format will feature a management discussion with analysts
regarding the spin-off strategy and process.
Shareholders,
investors and interested parties wanting to participate in the webcast must use
this link to register prior to the event:
An
archived replay of the webcast will be available following the conclusion of
the call for a limited time and on the company's website following the
event.
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 www.nxt-id.com. Fit Pay and the
Fit Pay Payment Platform are the sole property of Fit Pay, Inc. For Nxt-ID Inc.
corporate information contact: info@nxt-id.com
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 Contacts:
Chris Orlando
+1-760-468-7273
D. Van Zant
+1-800-665-0411
More info on NXTD at Investorideas.com Visit:
This news is published on the Investorideas.com Newswire - a
global digital news source for investors and business leaders
Sign up for free news alerts
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced
news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers. More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp.
Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid news publication and PR
client of Investorideas.com. Renewed October 1, 2017 - see details at https://www.investorideas.com/About/News/Clientspecifics.asp
Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
No comments:
Post a Comment