NXTD: .27 NASDAQ Stock, won't be at these levels much longer....IMO.
NXT-ID Expands on Recent Announcement of Strategic Alliance With World Ventures
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OXFORD, Connecticut, January 8, 2016 /PRNewswire/ --
Nxt-ID, Inc. (NASDAQ: NXTD), a company focused on the growing m-commerce market and WorldVentures®, a privately held leading direct seller of vacation and entertainment club memberships and an Inc. 5000 fastest-growing company announced that on December 31, 2015, that WorldVentures completed a strategic investment of $2 million in Nxt-ID to develop a proprietary new wireless smart card for its members based on Nxt-ID's Wocket®, a unique smart wallet that serves to securely store all credit cards and other private information.
WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures's executive team is to make the smart card available to every existing member, and provide a member kit to every new member that includes the smart card. This strategic alliance is the first step in achieving that vision.
The smart card developed by Nxt-ID will be customized for WorldVentures with additional technologies and wireless features, such as the ability to seamlessly integrate with WorldVentures's DreamTrips™ App to wirelessly check in and earn loyalty points towards free DreamTrips vacations at select restaurants. DreamTrips is a travel club and entertainment community where Members enjoy exciting
excursions year-round to extraordinary destinations.
"This represents a major step forward for NXT-ID and its technology with potential significant revenue from our WorldVentures partnership in the coming year." Said Gino Pereira, CEO of NXT-ID.
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