Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 




#NXT_ID (#Nasdaq: $NXTD) Expands on Recent Announcement of #Strategic #Alliance with #WorldVentures

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

 

OXFORD, Connecticut - January 8, 2016 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing m-commerce market and WorldVentures®, a privately held leading direct seller of vacation and entertainment club memberships and an Inc. 5000 fastest-growing company announced that on December 31, 2015, that WorldVentures completed a strategic investment of $2 million in Nxt-ID to develop a proprietary new wireless smart card for its members based on Nxt-ID's Wocket®, a unique smart wallet that serves to securely store all credit cards and other private information.

WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures's executive team is to make the smart card available to every existing member, and provide a member kit to every new member that includes the smart card. This strategic alliance is the first step in achieving that vision.

The smart card developed by Nxt-ID will be customized for WorldVentures with additional technologies and wireless features, such as the ability to seamlessly integrate with WorldVentures's DreamTrips™ App to wirelessly check in and earn loyalty points towards free DreamTrips vacations at select restaurants. DreamTrips is a travel club and entertainment community where Members enjoy exciting excursions year-round to extraordinary destinations.

"This represents a major step forward for NXT-ID and its technology with potential significant revenue from our WorldVentures partnership in the coming year." Said Gino Pereira, CEO of NXT-ID.

About WorldVentures

WorldVentures is the leading international direct seller of vacation club memberships and helps people achieve more fun, freedom and fulfillment by offering DreamTrips Memberships, which include unique vacations at reduced prices. WorldVentures is a privately held company based in Plano, Texas, with active Representatives and Members in 28 countries. http://worldventures.com

About Nxt-ID, Inc.

Nxt-ID, Inc. 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.

http://wocketwallet.com, http://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 Contact, WorldVentures:

Connie Glover
Public Relations Manager
WorldVentures Holdings, LLC
+1-214-726-2567
press@worldventures.com

Media Contact, Nxt-ID, Inc.:
D. Van Zant
+1-800-665-0411
press@nxt-id.com

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

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: http://www.investorideas.com/About/Disclaimer.asp

Disclosure: As of October 1, 2015 NXT-Id renewed for one year –five thousand per month and fifteen thousand 144 restricted shares for PR, media and marketing http://www.investorideas.com/About/News/Clientspecifics.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner