Q&A: Award Winning Movie Producer and Businessman Chad A. Verdi Discusses Hollywood Deals and Tech Investments in Apple and NXT-ID Inc.'s (OTCQB: NXTD) Wocket
NEW YORK and POINT ROBERTS, Washington - May 19, 2014 (Investorideas.com Newswire)
Verdi to Produce/Executive Produce Three Films with Oscar winning Director Martin Scorsese: Star studded actors include Liam Neeson, Andrew Garfield, Miles Teller, Aaron Eckhart and Adam Driver
"You may see a Wocket in a very famous Pocket" - C. Verdi
Investorideas.com, a global news source covering leading topics and sectors including technology and entertainment, releases an exclusive Q&A with entrepreneurial movie producer, businessman and investor Chad A. Verdi of Rhode Island.
Mr. Verdi discusses new and recent ventures including new movie deals and his investments in game-changing technologies, including Apple and biometric mobile security company NXT-ID Inc., (OTCQB: NXTD), which is currently preparing to launch its smart wallet, the Wocket™ (www.wocketwallet.com), with advance orders starting May 28th.
Mr. Verdi notes, "I am always looking ahead and I'm never satisfied with 'good enough', My goal is to partner with the best, hire the best talent and invest in leading edge companies. Steve Jobs made Apple known for 'Think different', Richard Branson made his motto, 'Screw it , let's do it' and I live by 'Go big or go home'."
This past year has already seen you reach some key milestones; making movies with the best in Hollywood, like Martin Scorsese and your investment in NXTD is up over 300 percent in less than a year. What are you most excited about for the balance of this year?
A: Chad A. Verdi
Well, that's a tough one. I guess I am the most excited about NXTD right now, only because they are about to launch the Wocket™ this month. Wocket™ is a smart wallet with a re-programmable single credit card device that operates under a secured system using biometrics.
I feel it will change the way people make credit card payments worldwide. Everyone is trying to get in on this game with mobile payments, mobile wallets, mobile apps like LOOP and COIN. Everyone is trying to figure out the best way to do it. I think Wocket™ has the right approach; separate from your phone. Most people are concerned about what happens if they lose their phone or it gets stolen - what happens with all that payment info on your phone? With Wocket™, it's not a worry because after each transaction it basically goes back to a blank card. Your identity and payment info are safe!
It's great to think I originally invested in this a few years ago and now it may become the leader in the payment sector that I thought it would!
In terms of your investments, you invest in both large companies like Apple and Yahoo and other big tech and entertainment companies but you also take risks and invest in smaller companies with emerging technology like NXTD (OTCQB: NXTD). Where do you see the biggest potential pay-off?
A: Chad A. Verdi
I obviously wish I would have had the opportunity to get into Apple from the beginning. I would have bet big on it, just like I have with NXTD (OTCQB: NXTD). Companies that take a different path from what the competition is doing represent the biggest opportunity, if it works.
Steve Jobs set the course for Apple, I still love the company but it's hard to know if the vision will stay intact. NXTD is still young and they are taking a revolutionary approach to payments and identity issues, very different from their competitors and I like that.
In my opinion, I see a big risk/reward opportunity here today because they have a product that every consumer will want and currently needs. The Wocket™ can store over 10,000 credit cards/coupons, under a secured system. It's never been done before. If they are successful in delivering this product; the sky is the limit. They could be the next Apple and that is my second-largest holding.
The company stated that they will launch the Wocket™ May 28th at the Plaza Hotel in New York and will be taking advance orders for the Wocket™ once the event is done. Will you be attending and will you be buying one once advance orders are opened up?
A: Chad A. Verdi
For sure I will be there supporting them and seeing first-hand how the Wocket™ is embraced. And of course, I will be buying many, many Wockets™! I will be giving them out to all of my actor and celebrity friends in Hollywood. Soon, you may see a Wocket™ in a very famous pocket! I also love the fact that the company is promoting the Wocket like Apple does with the launch of each IPhone - it's an event. They're running commercials on CNBC news along with using the Plaza hotel for the launch. They are also bringing in Miss Universe as a celebrity guest; it a first-class event.
Speaking about Hollywood and movies, you and your wife Michelle are now involved in three projects with Oscar-winning director Martin Scorsese and some of the biggest names in Hollywood. According to IMDB you have signed on Liam Neeson, Andrew Garfield, Miles Teller, Aaron Eckhart and Adam Driver. On top of this, I read that you have signed a 10 picture deal with Screen Media films. It seems like you are on fire! How did this all come about?
A: Chad A. Verdi
Yes, it's just nuts, crazy nuts! It all started when Mr. Scorsese and his producing partner Emma Koskoff agreed to join my passion project,' Bleed for This'. My wife Michelle and I met with them a few times in New York and they invited us to the premiere of 'The Wolf of Wall Street'. Then I was asked to get involved with a film called 'Bad Hurt' that was filmed in New York. Soon after that, things just escalated to where Michelle and I agreed to join Marty and Emma in his passion project called 'Silence'. The other two movies include 'The New York Review of Books: A 50 Year Argument' and then we'll produce my passion project, 'Bleed For This', the true-life story of five-time world champion, Rhode Island boxer, Vinny Pazienza.
That is exciting and all happening very fast. How many years will it take you to complete these four films and what about the ten picture deal with Screen Media?
A: Chad A. Verdi
That's what's amazing. Eighteen months in regards to the four films: Bad Hurt is in post-production right now along with A 50 Year Argument. Bleed for This and Silence will be filmed this fall with completion dates no later than fall 2015, just in time for the Oscars. As far as the 10 picture deal with Screen Media Films, we are currently filming the first film called 'Almost Mercy' now and expect to release that film in December 2014. Then we begin filming the 2nd film in early 2015. The goal is to meet our obligations on the 10 picture deal prior to 1/1/2018. We are able to facilitate this because we have two production companies, The Woodhaven Production Company and Verdi Productions. Both companies are working separately and independent of one another and this gives us the capacity to handle the volume of projects we are involved with.
About the Verdi Productions and Woodhaven Production Company:
Both Verdi Productions and The Woodhaven Production Company are fully funded film production companies, covering all aspects of filmmaking from conception of script through postproduction. http://www.woodhavenfilms.com/, http://www.verdifilms.com/
About Chad Verdi
Chad A. Verdi, CEO: Chad A. Verdi is a producer and actor, known for Loosies (2011), Inkubus (2011) and Infected (2012). Full Bio: http://www.imdb.com/name/nm3838148/
Michelle L. Verdi Music and Talent Supervisor Media
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