Cuentas Inc (CUEN)

[OTCRIDER]

NEXT Group Holdings, Inc. Signs Letter of Intent to Acquire Pleasant Kids, Inc. to Become Publicly Traded Entity

Aug 10, 2015 08:00:00 (ET)


NEXT Group Holdings, Inc. Signs Letter of Intent to Acquire Pleasant Kids, Inc. to Become Publicly Traded Entity

MIAMI, Aug. 10, 2015 (GLOBE NEWSWIRE) -- NEXT Group Holdings, Inc., a leading-edge technology and communications group that combines mobility and remittances into one global product, announced today that it has entered into a binding letter of intent to acquire control of OTC-listed Pleasant Kids Inc. (OTC:PLKD), a children's beverage company, by way of a reverse merger. The companies are expected to complete an exchange of shares on or before August 15, 2015.

The company will file for a symbol change and a name change. As part of the agreement the management of Pleasant Kids will resign effective immediately. Mr. Arik Maimon will be appointed the new Chairmen and CEO of the company. Mr. Maimon is a veteran of the telecommunication sector since 1998 with a vision to offer next-generation telecom products globally.

Mr. Maimon states, "Long distance is a commodity today. I am proud that six years ago, we created Next CALA to offer free long distance rewards to clients while most telecom carriers are suffering by the changes within our industry. Our innovating pairing of long-distance and remittance services has positioned us in the front row of the mobile remittances sector. I would like to thank all our present and future shareholders, partners and clients. Our company has reached a major milestone today, unfolding our direction going forward as we look to continue creating significant value for shareholders of PLKD."

About NEXT Group Holdings, Inc.

NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and remittances solutions for the emerging markets. The company operates primarily through its M&M (100% owner of Next Mobile 360), Next CALA, and NxtGn subsidiary holdings.

M&M is a state-of-the-art telecommunication long distance services provider, fully licensed and owns 100% of Next Mobile 360, a mobile virtual network operator (MVNO) that leverages its proprietary technologies as a foundation of the most reliable VoIP network in the world, allowing the company to deliver a cost-efficient and high-quality long distance services for HD voice and HD video to our customers. Next Mobile 360, through its decades-long alliance with Sprint, is one of the first MVNOs that was granted by Sprint in the sector over 20 years ago. For more information on M&M and Next Mobile 360, please visit www.nextmobile360.com. Visit the official Facebook page at facebook.com/pages/next-mobile-360.

Next CALA offers customers the ability to earn international long distance rewards by using the Next CALA GPR, creating a smarter way for customers to manage money and stay connected with friends and family at the same time. By using Next CALA rewards, customers can call directly to anywhere in the world. Next CALA, please visit www.nextcala.com.

NxtGn has developed with industry leader Cisco Systems a unique product called AVYDA powered by Telarix, an HD Telepresence platform that allows millions of people to connect using their Mobiles/Tablets and PCs devices into celebrities/talents/healthcare/education applications for collaboration services for both Android and iOS. AVYDA allows HD video conferences to connect point-to-multipoint, having 10,000 concurrent calls per session border control (SBC). For more information on NxtGn, please visit www.nxtgn.net. Read more about NxtGn with Cisco here: http://blogs.cisco.com/sp/cisco-helps-nxtgn-and-telarix-deliver-ipv6-enabled-video-solution