Pleasant Kids Inc (OTCMKTS:PLKD) Looking To Be The NEXT Big Player

Pleasant Kids Inc (OTCMKTS:PLKD) has been one of the most talked about names on the OTC markets. The stock has a history of explosive moves. PLKD has been a multi-bagger for those that got in near triple zeroes and then ran as high as $.41 per share. Driving these moves has been the merger with Next Group Holdings.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 four subsidiary companies: Meimoun & Mammon, LLC ("M&M"); Next CALA, Inc. ("NEXT CALA"); and NxtGn, Inc. ("NextGn").M&M is a fully licensed, telecommunication long distance services provider and owner of 100% of Next Mobile 360, LLC ("Next 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 360, through its decades-long alliance with Sprint, is one of the first MVNOs authorized by Sprint over 20 years ago.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.NxtGn, in cooperation with with industry leader Cisco Systems, has developed a unique product called AVYDA powered by Telarix, an HD telepresence platform that allows millions of people to connect using their mobile phones, tablets and PCs into celebrities, talents, healthcare and education applications on both Android and iOS operating systems. AVYDA allows HD video conferences to connect point-to-multipoint, having 10,000 concurrent calls per session border control (SBC).

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The most recent news from PLKD said that it plans to aggressively extend its market reach and subscriber base in the mobile banking and mobile payments industries throughout the remainder of 2016, primarily through its subsidiary Next CALA, Inc. ("Next CALA"). PLKD owns 94% of the issued and outstanding shares of Next CALA, which is one of PLKD's four operating subsidiaries.

Next CALA promotes and distributes NextCALA-branded Prepaid Visa® General Purpose Reloadable ("GPR") prepaid cards, bearing the Next CALA Debit™ and Visa® logos. Next CALA Prepaid Card® GPR cards are provided under licensing and operating agreements with prepaid industry-leaders IHFL and ITCFL, which are affiliated corporations and each of which is indirectly a wholly-owned subsidiary of InComm Holdings, Inc. and The Bancorp Bank pursuant to a license from Visa USA, Inc. The Bancorp Bank is a member of the FDIC. The Next CALA Prepaid Visa® GPR cards are distributed and serviced for Next CALA by ITC Financial Licenses, Inc.

Customers can load between $20 and $500 per load into their Next CALA Prepaid Visa® GPR cards anywhere in the Vanilla Reload Network Nationwide, which includes more than 50,000 retail locations in the United States, including most Walmart, Walgreens, CVS, Dollar General, and 7-Eleven stores. Customers can also load cash value into their Next CALA Prepaid Visa® cards via automated bank-to-bank direct deposit. Next CALA Prepaid Visa® cards are accepted wherever Visa Debit® cards are accepted, and can be used for transactions including ATM withdrawals and other ATM functions, remittances, bill payments, mobile-banking, virtual digital wallet functions, and purchasing at retail locations, online, and over the phone, as well as ACH Direct Deposit. The maximum load amount permitted per registered Next CALA Prepaid Visa® card is $10,000. Each Next CALA Prepaid Visa® GPR card comes with a routing number and unique account number, is FDIC insured, and can be used anywhere the Visa® logo is accepted.

PLKD's management believes that the prepaid card market is expanding rapidly and will reach approximately $421 billion in the United States and approximately $822 billion worldwide by 2017. The growing popularity of prepaid card solutions for both banked and unbanked consumers is driven by the prepaid card's unique ability to solve almost any payment need, and by the fact that prepaid cards such as ours democratize electronic payments and remittances for those outside the traditional banking system.

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PLKD is an exciting story in small caps. However, the company has minimal assets, revenues and rising short term debt. The good news is that mobile payments and remittances is a big business. If the company's technology can deliver, we could very well be looking at the NEXT big player. Shares have already indicated the possibilities by rising from $0.0001 to as high as $0.414 per share. We will be updating Insider Financial as more develops on the PLKD story. Be sure to sign up and get the latest developments on PLKD.

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