Category: Investment, Mobile Security, Technology
Biometric Stock Alert: NXT-ID, Inc. (OTCQB:NXTD) Appoints New Director with CTO, CIO and COO Experience at Major E-Commerce and Social Consumer Brands
Dr. Michael J. d'Almada-Remedios' Experience Includes Key Roles at eBay (EBAY), Travelocity, Expedia, Kmart, Wells Fargo Bank (WFC)
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Shelton, CT - September 25, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID, Inc. (OTCQB:NXTD) a biometrics company focused on the growing mobile commerce market, today announced the appointment of Dr. Michael J. d'Almada-Remedios to its Board of Directors. Dr. Remedios joins the company as an independent director, advising in key areas of technology development.
Dr. Remedios lends more than twenty years of experience in executive, product, technology and operations leadership as CTO, CIO, and COO. He has held key management positions at major e-commerce and social consumer brands including eBay/Shopping.com, Expedia/Hotels.com, Travelocity/Lastminute.com, Kmart/BlueLight.com and Wells Fargo Bank.
Mr. Gino M. Pereira, CEO of NXT-ID, Inc. said, "We are delighted to welcome Mike to the Board of NXT-ID. His extensive e-commerce and banking experience will be invaluable to the Company as we launch our mobile security products, including the Wocket™. His experience is a terrific complement to the government markets background that our current independent board member Major General David Gust (Ret.) provides. The majority of our Board now comprises independent Board Members."
Dr. Remedios commented on his joining the Board, "I'm delighted to join the NXT-ID Board at this exciting time of online, offline, mobile and social convergence. There are many emerging 'Omni-channel' developments coming out of established and start-up companies. The technology of NXT-ID is perfectly positioned to be a 'low friction' accelerator for partners and its own unique products such as the Wocket."
Dr. Remedios' background includes a successful track record for product innovation and development, outsourcing, global platform integration, massive-scale/hyper-growth operations, and building/developing teams from 50 to more than 500 people. His key accomplishments across the board at each company consistently show impressive gains in sales, profitability and global expansion into new markets.
At eBay, he was a member of the eBay Inc. Technology Board for eBay, PayPal and Skype. He was also a key member of the eBay Inc. workgroups for defining and driving the next-generation consumer experience "Finding 2.0," "on-eBay" and the Advertising and Distributed Commerce Network offering "off-eBay."
At Expedia, Inc., he reported to the President of Hotels.com and Venere.com and was responsible for all technologies, product development and technical operations for Hotels.com and Venere brands, including "One H," the global integration of business and technology for Hotels.com and Expedia, Inc.
At the Travelocity group of companies, he reported to the CEO of Lastminute.com. As Global CIO of the Lastminute.com group and Travelocity Europe, he managed 350 staff delivering all aspects of technology worldwide.
Additionally, his earlier career included six years as Vice President and Manager, Systems Integration & Development at Wells Fargo Bank, Consumer Banking Group.
Mr. Remedios recently joined software company, Swarm-Mobile (http://www.swarm-mobile.com) as the COO and CTO.
NXT-ID, Inc. is a technology company that is developing and marketing products, solutions, and services for consumers and organizations that have a need for biometric secure access control. The Company has three distinct lines of business: mobile commerce, law enforcement, and biometric access control applications.
The first product to be launched in the MobileBio™suite for consumer markets will be the Wocket™. Currently in development, this next generation digital wallet aims to reduce the number of cards in a wallet, while supporting virtually every payment method currently available at Point-of-Sale (POS).
The Company also recently announced that its wholly owned subsidiary, 3D-ID, LLC commenced a pilot program with the Palm Bay, FL Police Department to evaluate its 3D FaceMatch™ biometric facial recognition identification systems.
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. 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.
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