Breaking Tech News: NXT-ID (OTCQB: NXTD) Approved for NASDAQ
Capital Market Listing
SHELTON, Conn. - August 21, 2014 (Investorideas.com Newswire)
NXT-ID, Inc., (OTCQB:
NXTD), a biometric
authentication company focused on the growing mobile commerce market, announced
today that its shares of common stock and the warrants to purchase common stock
to be issued in its proposed underwritten public offering of common stock and warrants
have been approved for listing on The Nasdaq Capital Market, subject to closing of
its proposed underwritten public offering of the common stock and warrants, and
will trade under the symbol "NXTD" and "NXTDW,"
respectively.
The
Company's common stock will continue to trade on the OTC Quotation Board under
its existing symbol "NXTD" until the Nasdaq listing.
This press release does not constitute an
offer to sell, or the solicitation of an offer to buy, these securities, nor
will there be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale is not permitted.
A registration statement relating to these
securities has been filed with the Securities and Exchange Commission but has
not yet become effective. The securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes effective. A
preliminary prospectus relating to the proposed offering has been filed with
the SEC and is available on the SEC's website located at www.sec.gov.
Read this release
in full at http://www.investorideas.com/CO/NXT/news/2014/08212.asp
About NXT-ID Inc. - Mobile Security
for a Mobile World
NXT-ID,
Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks
associated with mobile computing, m-commerce and smart OS-enabled devices. The
company is focused on the growing m-commerce market, launching its innovative
MobileBio™ suite of biometric solutions that secure consumers' mobile platforms
led by the Wocket™ ; a next generation smart wallet designed to replace all the
cards in your wallet, no smart phone required. The Wocket works anywhere credit
cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/
NXT-ID'
wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has
22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/ , http://3d-id.net/
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.
Contact:
Investor
Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com
Media: 800-665-0411
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Disclosure: As of June 2014,
NXT-Id renewed for five thousand per month and average of two thousand five
hundred 144 shares (cash equivalent) for news publication and marketing of
Wocket smart wallet. More info:
http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
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