SEBASTIAN, Florida,
October 2, 2018 /PRNewswire/ --
Nxt-ID, Inc. (NASDAQ: NXTD) a provider of healthcare
devices as well as payment, credential management, and
authentication platform services, announces it has filed an
8K regarding the transcript of the
investor webcast held Thursday, September
27th at 4:10 p.m.
EST.
Nxt-ID held the webinar in order to discuss the spinoff of its
financial technology assets, which was previously announced by
Nxt-ID on September 21, 2018.
Highlights of the call included management discussion as well as
questions and answers regarding:
- The strategic reasons management is pursing the previously
announced spinoff;
- The structure, process, and timing of the spin-off transaction
and the NASDAQ listing process for the new company, and
- The go-forward business strategies for the remaining business
and the new company
A copy of the transcript from the webinar is attached to the
8K filing as Exhibit 99.1
See filing:
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12988395&RcvdDate=10/2/2018&CoName=NXT-ID%2C%20INC.&FormType=8-K&View=html
Shareholders, investors and interested parties can still access
the September 27th webcast
for a limited time at this URL address but must register for the
event:
https://edge.media-server.com/m6/p/awmcthz3
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
http://www.nxt-id.com.Fit Pay and the Fit Pay Payment Platform are
the sole property of Fit Pay, Inc. For Nxt-ID Inc. corporate
information contact: info@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.
Media Contacts:
Chris Orlando
chris.orlando@nxt-id.com
+1-760-468-7273
D. Van Zant
+1-800-665-0411
press@nxt-id.com
SOURCE Nxt-ID, Inc.