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NXT-ID Announces Purchase Order from WorldVentures for up to $15 Million for the New DreamTrips SmartCard to be Delivered in 2016
MELBOURNE, Florida, February 19, 2016 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a company focused on the
growing mobile commerce market, announces the first purchase order for a new SmartCard
being developed for WorldVentures vacation club Members. On February 9, 2016, the Company
announced that both companies signed off on the hardware specifications for the new
product and that it was entering the manufacturing phase.
The DreamTrips(TM) card is a totally new product for NXT-ID and WorldVentures and will
make travel, vacationing and even daily purchases simpler and more secure with a number of
new and unique features to be announced prior to launch.
It is a next generation SmartCard that does not require a Wocket(R) and can operate as
a stand-alone device. It can also sync to the DreamTrips Smartphone app for a connected
user experience.
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 SmartCard available to every existing member and eventually, a general global
consumer market.
The purchase order is for up to $15 million and is subject to WorldVentures acceptance
of the prototype card now being manufactured. The purchase order calls for equal monthly
deliveries with a value of $2.5 million a month from July to December 2016. With the
exception of the order for the first $2.5 million, WorldVentures has the option to cancel,
defer or increase monthly shipments with 90 days written notice on subsequent orders.
About WorldVentures Â
WorldVentures Marketing, LLC is the leading international direct seller of vacation
club memberships and helps people achieve more fun, freedom and fulfillment through their
DreamTrips memberships which offer highly curated vacation, local entertainment, dining
and event experiences enjoyed with the member community or individually. WorldVentures is
a privately held company based in Plano, Texas, with active Representatives and Members in
28 countries. For more information, please visit http://www.worldventures.com.
About NXT- ID Inc. - Mobile Security for a Mobile WorldÂ
NXT-ID, Inc.'s innovative MobileBio(R) solution mitigates consumer risks associated
with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on
the growing m-commerce market, launching its innovative MobileBio(R) suite of solutions
that secure consumers' mobile platforms. For more information, please visit
http://www.nxt-id.com
NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and
has 22 licensed patents in the field of 3D facial recognition http://3d-id.net
Product images are available for media at: http://press.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:
Â
D. Van ZantÂ
+1-800-665-0411Â
press@nxt-id.com
Â
Â
NXT-ID, Inc.
NXT-ID Announces Purchase Order from WorldVentures for up to $15 Million for the New DreamTrips SmartCard to be Delivered in 2016
MELBOURNE, Florida, February 19, 2016 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a company focused on the
growing mobile commerce market, announces the first purchase order for a new SmartCard
being developed for WorldVentures vacation club Members. On February 9, 2016, the Company
announced that both companies signed off on the hardware specifications for the new
product and that it was entering the manufacturing phase.
The DreamTrips(TM) card is a totally new product for NXT-ID and WorldVentures and will
make travel, vacationing and even daily purchases simpler and more secure with a number of
new and unique features to be announced prior to launch.
It is a next generation SmartCard that does not require a Wocket(R) and can operate as
a stand-alone device. It can also sync to the DreamTrips Smartphone app for a connected
user experience.
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 SmartCard available to every existing member and eventually, a general global
consumer market.
The purchase order is for up to $15 million and is subject to WorldVentures acceptance
of the prototype card now being manufactured. The purchase order calls for equal monthly
deliveries with a value of $2.5 million a month from July to December 2016. With the
exception of the order for the first $2.5 million, WorldVentures has the option to cancel,
defer or increase monthly shipments with 90 days written notice on subsequent orders.
About WorldVentures Â
WorldVentures Marketing, LLC is the leading international direct seller of vacation
club memberships and helps people achieve more fun, freedom and fulfillment through their
DreamTrips memberships which offer highly curated vacation, local entertainment, dining
and event experiences enjoyed with the member community or individually. WorldVentures is
a privately held company based in Plano, Texas, with active Representatives and Members in
28 countries. For more information, please visit http://www.worldventures.com.
About NXT- ID Inc. - Mobile Security for a Mobile WorldÂ
NXT-ID, Inc.'s innovative MobileBio(R) solution mitigates consumer risks associated
with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on
the growing m-commerce market, launching its innovative MobileBio(R) suite of solutions
that secure consumers' mobile platforms. For more information, please visit
http://www.nxt-id.com
NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and
has 22 licensed patents in the field of 3D facial recognition http://3d-id.net
Product images are available for media at: http://press.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:
Â
D. Van ZantÂ
+1-800-665-0411Â
press@nxt-id.com
Â
Â
NXT-ID, Inc.