NXT-ID (NASDAQ:NXTD) Announce Sales Update for Q3
and Introduction of Wocket Wagon
OXFORD,
Connecticut - October 8, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD)
("NXT-ID" or the "Company"), a biometric authentication
company focused on the growing mobile commerce market and creator of the
Wocket® smart wallet announces that revenues for the three months ended
September 30, 2015 were approximately $410,000 compared with $113,00 for the
three months ended June 30, 2015. Revenues for the 9 months ended September 30,
2015 were approximately $520,000.
Gino
Pereira, CEO of NXT-ID said, "We are pleased with the approximate 400%
increase in Wocket sales over the last quarter and are accelerating our roll
out of Wocket as we increase awareness. We have had an opportunity to
incorporate our customer feedback into our product as we prepare to scale up
further for the holiday season in the 4th quarter."
The
Company also announced the launch of the Wocket Wagon. This is a fully featured
experiential vehicle in the form of an armored car representing the security
features that come with Wocket. The Wocket Wagon will tour the country making
demos, sales and increasing customer awareness about Wocket and identity theft.
The vehicle is currently in Southern California and was well received on the
campus of Stanford University.
Wocket
can bring tomorrow's security solutions to most legacy POS systems today while
incorporating the ability to pay on new digital systems.
Wocket
secures all the information and cards consumers commonly store in their wallet,
allowing them to continue paying with and use their credit, debit, loyalty, and
insurance cards just as they do today. Wocket can even store login credentials
and one thing that no digital wallet can ever replace - cash. Wocket completely
replaces the wallet and hosts a new generation of smart wallets that combine
fashion with personal security.
About NXT- ID Inc. - Mobile
Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID,
Inc.'s 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
Wocket®; a next generation smart wallet designed to replace all the cards in
your wallet, no smart phone required. Wocket was recognized as one of the top
technology products at CES 2015 by multiple media outlets including Wired.com.
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 and
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.
Contacts:
Media:
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