MELBOURNE Florida, April 18, 2016 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a
company focused on the growing mobile commerce market, announces it
has received notice of compliance from NASDAQ, dated April 14, 2016.
Based on the representation in the Form 8-K, dated April 12, 2016, NASDAQ staff have determined that
the Company complies with the minimum $2.5
million Stockholders' Equity requirement, set forth in
Listing Rule 5550(b) (1). The Company is required to evidence this
compliance in its next periodic report.
About NXT- ID Inc. - Mobile Security for a Mobile
World
NXT-ID (NASDAQ:NXTD) is an emerging growth technology company
that is focused on products, solutions, and services for security
on mobile devices. Our core technologies consist of those that
support digital payments, biometric identification, encryption,
sensors, and miniaturization. We have three distinct lines of
business that we are currently pursuing: mobile commerce, primarily
through the application of secure digital payment technologies;
biometric access control applications, and Department of Defense
contracting. Our initial efforts have primarily focused on the
development of our secure products for the growing m-commerce
market, most immediately, a secure mobile electronic smart wallet,
the Wocket®. The Wocket® is a smart wallet, designed to protect
your identity. http://www.nxt-id.com,
http://www.wocketwallet.com
Product images are available for media at:
http://press.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.
NXT- ID Inc Contact:
Corporate info: info@nxt-id.com
Media:
D. Van Zant
800 665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc