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Wednesday, September 26, 2018

Nxt-ID (Nasdaq: $NXTD) Announces Investor Webcast to Discuss Recent News of the Spin-off of Its Payments Division


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.

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D. Van Zant
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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

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Tuesday, September 25, 2018

Investorideas.com Newswire - Gopher Protocol (OTCQB: $GOPH) Interviewed at NASDAQ Market-Site In New York

Investorideas.com Newswire - Gopher Protocol (OTCQB: $GOPH) Interviewed at NASDAQ Market-Site In New York



Gopher Protocol (OTCQB: $GOPH) Interviewed at NASDAQ Market-Site In New York

Event - Swiss Growth Forum on September 18 in New York City – Releasing the Interview

Investorideas Featured Company: Gopher Protocol, Inc. (OTC:GOPH)


SANTA MONICA, CA - September 25, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, announced today its participation at Swiss Growth Forum Event at Aretsky's Patroon in New York City on Tuesday, September 18, and released its interview with Jon Najarian from the NASDAQ Market-Site.
Andreea Porcelli CEO of Swiss Growth Forum & renowned CNBC personality Jon Najarian of Najarian Family Office

Douglas Davis (CEO) attended and made a brief presentation in the event which was co-hosted by Andreea Porcelli, CEO of Swiss Growth Forum, and renowned CNBC personality Jon Najarian of Najarian Family Office. For those interested in viewing the interview - https://youtu.be/mkn7Y8Gznv0
 


About Gopher Protocol Inc. (http://gopherprotocol.com)
Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
Corporate Site: http://gopherprotocol.com
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact:
Douglas Davis, Interim CEO
Gopher Protocol Inc.
Media: press@gopherprotocol.com
SOURCE: Gopher Protocol Inc.

Gopher Protocol, Inc. (OTCQB:GOPH) is a featured tech stock on Investorideas.com

Get News Alerts on Gopher Protocol, Inc.

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Monday, September 24, 2018

Investorideas.com - The March of #ArtificialIntelligence and #Robotics: Rapid Progress and Big Spending Shaping an Economy of the Future

Investorideas.com - The March of #ArtificialIntelligence and #Robotics: Rapid Progress and Big Spending Shaping an Economy of the Future



The March of #ArtificialIntelligence and #Robotics: Rapid Progress and Big Spending Shaping an Economy of the Future

Companies and Agencies Mentioned: Gopher Protocol Inc. (OTCQB: $GOPH), NICE (NASDAQ: $NICE), Deloitte, DARPA @DARPA


New York, NY and Delta, BC - September 24, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research in leading sectors releases a sector snapshot on the AI and Robotics market with commentary and recent news from industry experts including the CTO of Gopher Protocol Inc. (OTCQB: GOPH) discussing the company's recent white paper on the Avant! AI system and also commenting on the recent DARPA news.
The future of AI and robotics is already here and it's now a very short timeline to a future of rapid advancements. It will impact our daily lives, our health, our jobs and most importantly - according to leading experts, the economy.
Research from McKinsey Global Institute says, "at the current global average level of adoption and absorption implied by our simulation, AI has the potential to deliver additional global economic activity of around $13 trillion by 2030, or about 16 percent higher cumulative GDP compared with today. This amounts to 1.2 percent additional GDP growth per year."
They also note, "Leaders of AI adoption (mostly in developed countries) could increase their lead over developing countries. Leading AI countries could capture an additional 20 to 25 percent in net economic benefits, compared with today, while developing countries might capture only about 5 to 15 percent."
Earlier this month DARPA made headlines in the tech sector as it announced "a multi-year investment of more than $2 billion in new and existing programs called the "AI Next" campaign. Agency director, Dr. Steven Walker, officially unveiled the large-scale effort during closing remarks today at DARPA's D60 Symposium taking place Wednesday through Friday at the Gaylord Resort and Convention Center in National Harbor, Maryland."
"With AI Next, we are making multiple research investments aimed at transforming computers from specialized tools to partners in problem-solving," said Dr. Walker. "Today, machines lack contextual reasoning capabilities, and their training must cover every eventuality, which is not only costly, but ultimately impossible. We want to explore how machines can acquire human-like communication and reasoning capabilities, with the ability to recognize new situations and environments and adapt to them." Source https://www.darpa.mil/news-events/2018-09-07
AI expert Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) told Investor Ideas, "This comment is correct. Today's AI, as much as it rapidly progresses, still lacks true human- like analytics and responses. It can very successfully be trained; creating its own knowledge-base database, which it responds to. But there is still a far distance comparing this to human cognitive skill and awareness. That is why we are working on our Avant! AI. During the next few years we are targeting Avant! to switch from a ‘Supervised AI' category to the ‘Unsupervised AI' category and ultimately be able to reach its own conclusions based on its and others experience. Using logic and human semantics understanding will enable Avant! to become a younger, brighter, breakthrough AI technology that will be able to assist us with our daily lives and in many fields, among them medicine, business, entertainment and even personal advisor and companion."
Danny and his Company recently announced the release a white paper on the Avant! AI system, including a comprehensive background on the history and development of AI and machine learning. The full white paper was filed with the SEC and can be found on the following link - https://www.sec.gov/Archives/edgar/data/1471781/000161577418009267/s112579_ex99-1.htm
According to the white paper, "Avant! can understand unstructured data, which is how most data exists today. Furthermore, most data comes from a wide range of sources - professional articles, research papers, blogs, and human's input. Avant! relies on natural language, and obeys the rules of grammar. Avant! breaks down a sentence grammatically and structurally, and then extracts its meaning. When Avant! works on a field, it searches for thousands of articles in this domain. Next, Avant! is narrowing down to only few hundreds documents that are topic related. Finally, it will conclude the best answer and deliver it. The process is governed by sets of neural network algorithms that work cognitively to learn the topic and respond accordingly.
Avant! is trained to respond to questions about highly-complex situations and quickly provide a range of responses and recommendations, all backed by evidence. Avant! is using statistical modeling and scores a viable solution then estimates assurance. Avant! improves its expertise by learning from its own experience. Over time, it gains robust knowledge learning from experience and from its own successes and failures, exactly as humans do. Avant! gets wiser and knowledgeable over time.
When a query is executed Avant, cognitive computing relies on its own vast knowledge, the available human data, and the query conditions. A huge amount of data is searched, both structured and unstructured. Then an analysis is performed. Then elimination process takes place to sort out the best answer, logical validation and finally answer's delivery.
For the user Avant! provides almost instantaneous response. It rapidly processing large data and by using its cognitive computing capabilities provides efficient answer within seconds."
Avant! Artificial Intelligence System Video: https://www.youtube.com/watch?v=l91_ZDu8dxI&feature=youtu.be
Another public company in the sector also recently released a white paper discussing the future of robotics. NICE (NASDAQ: NICE) is a provider of both cloud and on-premises enterprise software solutions.
NICE announced, "the availability of a new white paper with Deloitte Consulting, offering organisations practical guidance to effectively navigate the transition into Robotic and Cognitive Automation (R&CA), the future of Robotic Process Automation (RPA). The new white paper entitled "The Future of Operations - Moving Beyond Process Automation" is infused with practical insights and a simulated business case demonstrating a futuristic self-service banking scenario that utilises a myriad of new generation cognitive tools to stay ahead."
According to the news, NICE and Deloitte have been partnering globally to bring the value of cognitive automation to the market. This new white paper builds on the expertise of Deloitte's expansive global consulting experience and NICE's market leading innovation in RPA geared by having over 500,000 robots in production and 500 deployments across a diverse range of industries world-wide." To download a copy, go to: info.nice.com/thefutureofoperationsWP.html
So, as AI and robotics march us forward into an unfamiliar future, investors can look at the economic contributions and how to participate in the growth. Chances are AI could calculate our risk/ return far better than we can today.
Some numbers to digest according to "Artificial Intelligence Market by Platforms, Components, Deployment Mode, Applications and Industry Verticals 2018 - 2023" at ResearchAndMarkets.com; IoT things/objects deployment will reach 35.7 billion by 2023, Global AI Chipsets market will reach $6.6B USD by 2023, North America will lead the AI market with 34% share by 2023, The combined global AI market will grow at 37% CAGR through 2023,
Global AI in embedded IoT devices market will approach $26.2B USD by 2023.
About Gopher:
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself ;a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher's exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency on June 19, 2018 .Additionally Gopher's Avant! AI technology has been designed to supervise the Blockchain System to keep records of all data exchanges. The AI system will be embedded as an integral part of Gopher's digital coin Blockchain system.
For more info on Gopher and its technologies visit http://gopherprotocol.com/
More info on the sector:
For investors following the sector Investor Ideas has a comprehensive AI and tech stock directory: https://www.investorideas.com/TSS/stock_list.asp#Robotics
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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: Gopher Protocol Inc. (OTCQB: GOPH) is a paid PR, news and social media client More info: https://www.investorideas.com/About/News/Clientspecifics.asp
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Friday, September 21, 2018

Investorideas.com - Investor Ideas add new #Solar, #Cleantech, #Mining, #Blockchain, Tech, Water and Sports #Stocks to Global Directories

Investorideas.com - Investor Ideas add new #Solar, #Cleantech, #Mining, #Blockchain, Tech, Water and Sports #Stocks to Global Directories



Investor Ideas add new #Solar, #Cleantech, #Mining, #Blockchain, Tech, Water and Sports #Stocks to Global Directories


Point Roberts, WA and Delta, BC - September 21, 2018 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week's additions to its global stock directories in solar and cleantech, mining, blockchain, tech, water and sports.
Investorideas.com is a go- to destination for retail investors and  tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its followers and members . (https://www.investorideas.com/membership/)
New cleantech companies added this week are doing business in solar energy, energy infrastructure and energy efficiency.
The latest mining additions are companies exploring for gold and zinc respectively, while Cascadia Blockchain Group Corp. (CSE: CK) is the latest blockchain company and is also involved in the fintech sector.  The newest tech company is involved in SAAS for cloud and enterprise networks.
Investor Ideas has also  added new companies in water, technology and in the sports sector.
New Cleantech Companies:
AltaGas Ltd. (TSX: ALA.TO) is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources.
Just Energy Group, Inc. (TSX:JE.TONYSE:JE) is a leading consumer company specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options. With offices located across the United States, Canada, the United Kingdom, Germany, Ireland and Japan, Just Energy serves approximately 1.7 million residential and commercial customers providing homes and businesses with a broad range of energy solutions that deliver comfort, convenience and control. Just Energy Group Inc. is the parent company of Amigo Energy, Green Star Energy, Hudson Energy, EdgePower Inc., Tara Energy and terrapas
Pinnacle Renewable Holdings Inc. (TSX: PL.TO) is a rapidly growing industrial wood pellet manufacturer and distributor and the third largest producer in the world. The Company produces sustainable fuel for renewable electricity generation in the form of industrial wood pellets. This fuel is used by large-scale thermal power generators as a greener alternative to produce reliable baseload renewable power. Pinnacle is a trusted supplier to its customers, who require reliable, high quality fuel supply to maximize utilization of their facilities. Pinnacle takes pride in its industry leading safety practices. The Company operates seven industrial wood pellet production facilities in western Canada, a port terminal in Prince Rupert, B.C., and currently has a new production facility under construction in Smithers, B.C. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent 106% of its production capacity through 2021 and 98% of its production capacity through 2026.
Daqo New Energy Corporation (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2008, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility in Xinjiang China currently has annual polysilicon production capacity of 18,000 metric tons, and the Company is undergoing capacity expansion to reach annual polysilicon production capacity of 30,000 metric tons by the end of 2018.
Enphase Energy, Inc. (NasdaqGM: ENPH) a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The Company revolutionized solar with its microinverter technology and produces the world's only truly integrated solar plus storage solution. Enphase has shipped over 17 million microinverters, and more than 790,000 Enphase systems have been deployed in over 120 countries.
LONGi Green Energy Technology Co., Ltd. (Shanghai:601012.SS) always adhere to single crystal technology, bearing in mind the responsibility of improving human production and life, and providing sustainable energy for sustainable development. LONGimanufactures and sells single crystal silicon products worldwide. It offers single crystal silicon rod and silicon slice. The company was formerly known as Xi'an LONGI Silicon Materials Corp. and changed its name to LONGi Green Energy Technology Co Ltd in January 2017.
REC Silicon ASA (Oslo: REC.OL) is a global leader in silane-based, high-purity silicon materials. REC Silicon ASA is a leading producer of advanced silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries worldwide.
SolarEdge Technologies, Inc. (NasdaqGS:SEDG) is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, UPS, and grid services solutions.
Sunrun Inc. (NasdaqGS:RUN) is the nation's leading residential solar, storage and energy services company.  With a mission to create a planet run by the sun, Sunrun has led the industry since 2007 with its solar-as-a-service model, which provides clean energy to households with little to no upfront cost and at a saving compared to traditional electricity. The company designs, installs, finances, insures, monitors and maintains the systems, while families receive predictable pricing for 20 years or more. The company also offers a home solar battery service, Sunrun Brightbox, that manages household solar energy, storage and utility power with smart inverter technology.
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Cleantech and Climate Change Podcast - Paul Hessburg, Research Landscape Ecologist talks about Recent Megafires and Solutions to Manage and Prevent Them

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New Mining Companies
Ubique Minerals (CSE:UBQ) Minerals is a zinc exploration company based in Toronto, Ontario with the mandate to acquire and explore properties that have a high potential of producing economic mineral deposits. Ubique is currently focused on further exploring and developing it's Daniel's Harbour and Buchans Wileys zinc properties strategically situated in Newfoundland, Canada.
Coolgardie Minerals (ASX:CM1.AX) is an imminent gold producer and explorer with over 549km2 of tenements in the proven gold-producing districts near Coolgardie, Western Australia, surrounding the Bullabulling Gold Project. Coolgardie Minerals has secured a large, high-quality ground position (the Bullabulling Project) made up of the Geko Gold Project and five other advanced prospects: First Find, Endeavour, Bungarra, Sunchaser-Reservoir and Ubini. These prospects are along the Bullabulling “shear zone” in the Kalgoorlie Terrane, with access to a highly trained local workforce and excellent regional infrastructure. Coolgardie Minerals plans to expand its exploration and development footprint while striving to achieve its strategic plan of being a 100,000oz gold producer within three years via organic growth and merger and acquisitions.
New Blockchain Companies
Cascadia Blockchain Group Corp. (CSE: CK) is an early stage blockchain technology company. Under the Fintech division, the Company engages in developing and commercialization of trading platform technology for selected blockchain based digital assets. Under the Blockchain Lab division, the Company actively develops blockchain technology enterprise solutions and provides related services for various industry sectors.
CRYPTOCORNER: Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
Investorideas.com cleantech
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New Tech Companies
Martello Technologies Group (TSX:MTLO.V) is a global leader in technology that manages the performance of real-time communications (VoIP, video, streaming) on cloud and enterprise networks. Our powerfully simple SD-WAN and SaaS solutions transform our customer's networks giving them confidence in the performance of real-time services on their cloud and enterprise networks.
New Water Companies
Rainmaker Worldwide Inc. (OTC:RAKR) is headquartered in Peterborough, Canada, with an innovation and manufacturing center in Rotterdam, Netherlands. Our patented water technology provides economical drinking water at scale wherever it's needed. Rainmaker builds two types of energy-efficient, fresh water-producing technologies: Air-to-Water, which harvests fresh water from the air and Water-to-Water, which transforms seawater or polluted water into drinking water. Our technology is both wind and solar powered, is deployable anywhere, and leaves no carbon traces. We also offer options for hybrid, grid and diesel-powered models. Our goal is to become a global leader in solving the worldwide water crisis. Simply put, we are creating safe, drinking water where little or none exists.
The new branded content, Play by Play covers what's new in sports and esports headlines plus recent news from publicly traded companies in the sector. It reaches out to sports fans and esports fans also investors in the sector.
Play by Play combines the best of daily of headlines in sports, esports and stocks for sports fans and investors that want to keep up to date in the sector and make informed decisions.
Contact us to be a guest or sponsor!
New Sports Companies
ProSmart Enterprises Inc(TSX:PROS.V) is the parent company of Sportgo – the global online network that connects sports fans, teams, and brands. ProSmart works with over 1,500 governing bodies in more than 100 countries and provides unprecedented access to the $1.3 trillion sports market through its proprietary marketplace engine. The Company is an emerging leader in sports content marketing through online tools, mobile apps and its disruptive marketing technology.
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
About Investorideas.com - News that Inspires Big Investing Ideas
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Investorideas.com - #Tech News: NXT-ID (NASDAQ: $NXTD) Announces Intention to Spin-Off Payments Division

Investorideas.com - #Tech News: NXT-ID (NASDAQ: $NXTD) Announces Intention to Spin-Off Payments Division



#Tech News: NXT-ID (NASDAQ: $NXTD) Announces Intention to Spin-Off Payments Division

Company plans for Initial Public Offering to Include Payment, Authentication and Credential Management Assets

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD)

SEBASTIAN, Florida - September 21, 2018 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD) today 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 new company will include the assets acquired in the May 2017 business combination with Fit Pay, Inc. as well as the payment, authentication and credential management assets that the Company developed previously. Following the spin-off, the new company has an investment commitment for $6.0 million to fund its operations. The new company will apply for listing on NASDAQ.
"We believe that this transaction will help to unlock the true value of both our payments and our healthcare businesses. Both businesses are experiencing an increased number of significant commercial opportunities, which require specialized focus to successfully execute them. These opportunities are sufficiently diverse such that the synergies of being under a single structure are outweighed by the need to focus on them separately. In addition, it provides our current and potentially new shareholders the opportunity to participate in a pure play investment in both strategies, while increasing the transparency for the market in general, in terms of understanding and tracking the performance of each business," said Gino Pereira, Chief Executive Officer of Nxt-ID. "We believe the new structure will provide current and potential shareholders with two attractive investment options that may be more closely aligned with their respective investment objectives. It further demonstrates our commitment to creating long-term value for our shareholders."
The New Company
The new company will include the payment, authentication and credential management assets of Nxt-ID and Fit Pay, Inc, including the FitPay® Token Requester Platform, which enables cardholders to securely add their payment credentials to devices that are integrated with Fit Pay's token management solution. The Platform allows device manufacturers, merchants, banks and any entity making digital transactions to offer their customers a safe and convenient payment experience. Fit Pay is one of the first successful commercializations of a token requestor service provider integrated with the major payment card networks.
The new company's core capabilities also include the development of payment and authentication devices that leverage NFC (near field communication), cryptocurrency, and blockchain technology. It is currently developing digital payment and loyalty devices to be distributed through partners as well as payment devices that enable Bitcoin holders to make contactless payments at retail locations with value exchanged from their cryptocurrency. The assets of the new company will include a portfolio of payment, authentication and blockchain technology patents that have been filed by or issued to Nxt-ID and Fit Pay.
Michael Orlando, current Nxt-ID COO and President of Fit Pay, will be the Chief Executive Officer of the new company. Orlando and Pereira will serve on the Boards of both companies.
Nxt-ID and LogicMark
Assets associated with Nxt-ID's healthcare subsidiary, LogicMark, LLC, will remain with the Company along with the assets under 3D-ID, LLC. LogicMark produces a range of products within the personal emergency response system (PERS) market. The Company has differentiated itself by offering non-monitored products, which only require a one-time purchase fee, instead of a recurring monthly contract, offering a significant value proposition over monitored solutions. This subsidiary has produced consecutive quarters of record revenues and is looking to expand its business into other healthcare verticals as well as retail and enterprise channels in order to better serve the expanding demand for connected and remote healthcare solutions. For the six months ended June 30, 2018, revenues from LogicMark were $8.7 million with operating income of $3.7 million.
Transaction Details
For further details please see the Form 8-K filed with the Securities and Exchange Commission on September 21, 2018. Completion of the tax-free spin-off and the new company's subsequent listing will be subject to final approval by the Nxt-ID Board of Directors, approval by NASDAQ and a number of factors, including market conditions, the execution of inter-company agreements and other matters.
Advisors
Alliance Global Partners is serving as financial advisor on the transaction and Robinson Brog Leinwand Greene Genovese & Gluck, P.C. is serving as legal advisor to Nxt-ID, Inc.
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 http://www.nxt-id.com. FitPay and the FitPay 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
chris.orlando@nxt-id.com
+1-760-468-7273
D. Van Zant
+1-800-665-0411
press@nxt-id.com

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