Insider Financial

Sign Up Now For Our FREE Small Cap Newsletter!

No spam. No Hidden Fees. Unsubscribe Anytime.

Momentum & Growth

NXT-ID Inc (NASDAQ:NXTD) Starting 2016 Off Strong

2016 is shaping up to be a good one for NXT-ID Inc (NASDAQ:NXTD). After a disappointing 2015, the company looks to have things lined up to sell more Wockets than many are expecting. For those that haven’t gotten into NXTD yet, it’s a stock worth having a closer look at.

The excitement this year started off right after the New Year when NXT-ID signed a deal with WorldVentures, a privately held leading direct seller of vacation and entertainment club memberships and Inc. 5000 fastest-growing company. The agreement calls for WorldVentures to make a strategic investment of $2 million in Nxt-ID to develop a proprietary new wireless smart card for its members—numbering in the several hundreds of thousands worldwide—based on Nxt-ID’s Wocket, a unique smart wallet that serves to securely store all credit cards. The smart card will be customized 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.

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.

In the presentation to Members, it was demonstrated how the new smart card, just like the Wocket card designed to replace all the cards in your wallet, the new DreamTrips card will make travel and vacationing simpler and more secure. David Tunnell, Executive Vice-President and Chief Technology Officer for NXT-ID was invited onstage during the smart card presentation. He said, “We received an overwhelmingly enthusiastic and positive reception at the convention. It was quite an experience being in front of tens of thousands of people and witness the support for our smartcard technology.”

Get The Inside Scoop On NXTD By Signing Up To Insider Financial Today!

The latest news is that effective January 2016, all Wockets sold will be enabled with NFC (Near Field Communication) payment technology. As new partnerships with financial institutions are completed, Wocket owners will be notified when they can make NFC payment transactions. This will require a software upgrade through the Wocket app. Gino Pereira, CEO of NXT-ID explains” The next generation Wockets are NFC enabled for payments like Apple Pay or Google Pay. It works as they do when you tap your Wocket to a terminal and it takes your payment. In 2016 we envision several product extensions for Wocket including NFC only Wockets and a new smartcard and app product all at different price points for various customer needs and preferences.”

This technology was previewed at the Consumer Electronics Show (CES) in Las Vegas earlier this month along with a new contactless method of making Wocket payments at unmodified point of sale terminals that normally can only accept magnetic stripe cards.

According to Zion Research and their new report,  “Mobile Wallet (NFC and Remote Payment) Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” , global demand for mobile wallet market was valued at USD 500 billion in 2014 and is expected to reach USD 2,500 billion in 2020, growing at a CAGR of approximately 30% between 2015 and 2020.

We Have A Monster Pick Coming Soon! Sign Up Today!

big

 

We expect the deal with WorldVentures and NFC payment technology to help drive sales. Each Wocket retails for $179. SoundView Technology Group estimates that NXTD will sell 120,000 Wockets this year. That’s over $21 million in revenues. With a current market cap of just $29 million, shares of NXTD are extremely undervalued at current levels. We will be updating Insider Financial as more details emerge on NXTD. Be sure to sign up today and stay on top of the latest developments!

Sign up for next microcap runner ahead of the crowd.

Disclosure: We have no position in NXTD either long or short. We have not been compensated for this article.

GET NOTIFIED
Sign up for our next MicroCap Runner ahead of the crowd!
We hate spam. No Hidden Fees. Unsubscribe Anytime.
NXT-ID Inc (NASDAQ:NXTD) Starting 2016 Off Strong
2 Comments

2 Comments

  1. Hector Gonzalez

    February 14, 2016 at 11:02 am

    I would like to know if I can buy stock in this and if so what is the minimum amount of shares I can purchase

  2. Sandy

    February 17, 2016 at 3:01 pm

    I don’t believe their is a minimum purchase amount.. I bought mine through an online trading company, so keep in mind your trade fees will add to the cost of your stock purchase, so the more shares purchased, the lower the cost of each share.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Enter Symbol For Report



For over five years, we have provided a free service to a countless number of traders featuring only the best in the microcap arena. Insider Financial focuses solely on short-term high probability trade opportunities.

Our alerts consist of Nasdaq, NYSE and high quality OTC companies that are capable of delivering outsized gains to you today, not a year from now. If you have an interest in the lucrative microcap sector, sign up to Insider Financial today!

GET NOTIFIED
Sign up for our next MicroCap Runner ahead of the crowd!
We hate spam. No Hidden Fees. Unsubscribe Anytime.

Copyright © 2017 Insider Financial powered by Hundred.

To Top

Sign up now for our FREE Small Cap Newsletter

Sign up now for our FREE Small Cap Newsletter