BOSTON, October 5, 2018 /PRNewswire/ --
SoundView Technology Group (http://soundview.co) releases the
following company update for NXT-ID, Inc. (NASDAQ: NXTD ).
Upcoming Spin-off to Unlock Value
Kris Tuttle,
kris@soundview.co
Highlights
NXT-ID management announced their plans to separate the company
into two publicly-traded entities. The Fit Pay business and related
FinTech assets will be spun off in a tax-free distribution to
existing shareholders. The remaining business and shares will be
anchored by the LogicMark business plus some other assets and
IP.
The motivation behind the move is creating more value for
investors and making it easier for each company to grow and develop
their own business and investor following.
The two primary businesses are complementary but very different.
The payments business Fit Pay is building is about long-term
recurring revenue that ramps over time. Fit Pay is also launching a
payments token that is compatible with crypto currencies like
Bitcoin. LogicMark is a more well-established healthcare business
with substantial revenues, steady growth and margins.
The full report can be read at:
http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_Note_OCT_2018.pdf
ABOUT SOUNDVIEW RESEARCH
SoundView conducts independent research - mostly on emerging
technologies. We like thematic-driven companies where technology is
involved and use analysis to identify the most promising investment
opportunities.
Our business model is combination of subscription fees along
with some direct investments and advisory fees. We measure our
success by the quality of our analysis, accuracy of the conclusions
and the size and influence of our audience. We apply our own proven
approach to valuation that we call intrinsic value (IV) for
informing investment decisions and optimizing portfolio
management.
Additional Disclosures
SoundView serves as a strategic advisor to Nxt-ID and provides
advisory and other services including strategy advice, company
positioning, investor communication methods and ongoing technology
and market research. See our full page of practices and disclosures
which should be attached to this report. If not, it is available at
http://soundview.co/practices
More disclosures
http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_Note_AUG_2018.pdf
Contact:
Kris Tuttle
SoundView Technology Group
kris@soundview.co
+1-617-828-6462
SOURCE SoundView Technology Group