MELBOURNE, Florida,
September 28, 2016 /PRNewswire/
--
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID"
or the "Company"), a company focused on the growing mobile commerce
announces that it has received a letter from NASDAQ dated
September 27th confirming that it has
regained compliance with the minimum bid price listing requirement.
The Company has satisfied the terms of the NASDAQ Listing
Qualifications Panel by complying with the minimum bid price
requirement of $1.00 per share under
NASDAQ Listing Requirement 5550(a)(2). Accordingly, NASDAQ has
advised that the matter is now closed.
About NXT- ID Inc. - Mobile Security for a Mobile
World
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. With
extensive experience in Biometric Identity Verification, Security
and Privacy, Encryption and Data Protection, Payments,
Miniaturization and Sensor technologies, the Company partners with
industry leading companies to provide solutions for modern payment
and IoT applications.
http://nxt-id.com/, http://wocketwallet.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
+1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc