MELBOURNE, Florida,
July 7, 2017 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ: NXTD) (or the "Company") today announced
that Michael Orlando joined its
Board of Directors, effective July 6,
2017. Orlando's appointment to the Board follows the
completion of the business combination with Fit Pay, Inc., which
Orlando co-founded and served as Chief Executive Officer. In
addition to his role on the Board, Orlando will serve as Chief
Operating Officer for NXT-ID and President of Fit Pay, Inc., as was
previously announced.
"Michael brings a wealth of experience not only within the
payment and technology space but also building successful companies
and growing large organizations," said Gino
Pereira. "His technical knowledge and deep network within
the industry will add an important perspective to the Board and
increase the depth of our operational expertise."
With more than 20 years of payment services and technology
business execution experience, Orlando has served in leadership
positions in several successful companies, including Cybersource,
where he oversaw all enterprise sales and professional services
functions worldwide, driving revenue growth to more than
$340 Million and establishing new
international offices in Singapore, China, Brazil, Australia, and Dubai. Orlando played a primary role in the
$2 Billion acquisition of Cybersource
by Visa, Inc. and helped lead the post-acquisition integration. He
remained at Visa in an executive role until 2012. In 2014, Orlando
co-founded Fit Pay, Inc. with a vision to build a comprehensive
payment and secure authentication platform for the IoT and wearable
devices. NXT-ID completed a business combination with Fit Pay in
May 2017.
"I am very pleased to join such as talented Board and look
forward to contributing to the strategic direction of the company,"
said Orlando. "My goal will be working with the other Board members
and management team to leverage NXT-ID's comprehensive IoT platform
to create long-term value for shareholders."
About NXT-ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of
technology products and services that enable the Internet of Things
(IoT). With extensive experience in access control, biometric and
behavior-metric identity verification, security and privacy,
encryption and data protection, payments, miniaturization and
sensor technologies, NXT-ID develops and markets groundbreaking
solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of
biometric solutions that secure consumers' mobile platforms, the
Wocket™ , a next-generation smart wallet and the Flye, a
digital credit card developed in collaboration with WorldVentures.
NXT-ID includes three mobile and IoT-related subsidiaries:
LogicMark, LLC, a manufacturer and distributor of non-monitored and
monitored personal emergency response systems ("PERS") sold through
dealers/distributors and the United States Department of Veterans
Affairs; Fit Pay, Inc., a proprietary technology platform that
delivers end-to-end solutions to device manufacturers for
contactless payment capabilities, credential management,
authentication and other secure services within the IoT ecosystem,
and 3D-ID LLC, which is engaged in biometric identification and
authentication. Learn more about NXT-ID at www.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:
Chris Orlando
chris.orlando@nxt-id.com
D. Van Zant
+1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc.