OXFORD, Connecticut,
October 8, 2015 /PRNewswire/ --
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.
(Photo:
http://photos.prnewswire.com/prnh/20151008/275247 )
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.
Buy Wocket® at http://www.wocketwallet.com
See the full Wocket® FAQ at:
http://wocketwallet.com/pages/faq
Product images are available for media at:
http://press.nxt-id.com
About NXT- ID Inc. - Mobile Security for a Mobile
World: (NXTD)
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 most
anywhere credit cards are accepted and only works with your
biometric stamp of approval or passcode.
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.
NXT- ID Inc Contact:
Corporate info: info@nxt-id.com
Investors:
investors@nxt-id.com
Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc.