Chad you are the American dream in action with your multiple roles in business. Can you give us some background and history of your entrepreneurial journey?
A:Chad A. Verdi
At 18 years old I acquired my first business, a Rhode Island television listing newspaper called TV Facts, which is still in publication today.
In the years leading up to the age of 21 I acquired several other businesses in the food service sector throughout RI. By age 30, I owned, co-owned, served as principal or had investments in over a dozen businesses that ranged from the food industry and toy manufacturing to restaurants and hi-tech developments in the biotechnology field and nuclear waste management.
Over the last 15 years, I have been involved in over $1 billion of business mergers, reverse mergers, start-ups and acquisitions. I currently own, co-own or have investments in more than two dozen businesses in diversified industries with more than 1000 local employees and sales of more than $100 million nationwide.
I also hold a large real estate portfolio that includes the 175-year-old former United Methodist Church in East Greenwich where the constitution of RI was adopted.
Through my production companies, Verdi Productions and Woodhaven Production Company , I have produced six featured films over the last 38 months
In July 2013, I became the largest independent shareholder in the biometric mobile security company NXT-ID, Inc. (OTCQB: NXTD) (http://nxt-id.com/). This is my newest venture outside the film industry.
I think the first question for anyone looking at the diverse background in business is what motivates you and what do you look for in a business venture?
A: Chad A. Verdi
What motivates me is being able too look outside the box, seeing things others can't or are overlooking. When you can achieve that, the sky's the limit on what your maximum potential in an investment can be. In the case of NXT-ID, Inc , they have the products in a space that I feel has huge potential. Mobile security is what everyone is talking about now; it's a very hot sector. Their 3D facial recognition is leading technology. Their first product, the Wocket, which is launching this fall, sets the stage for the roll-out of their Mobile suite of products. Just like my other investments in Apple and Yahoo, they were leaders in their respective markets and being first pays off big time!
In respect to your role as film-maker and producer, can you give us some background on your companies Verdi Productions (VP) and The Woodhaven Production Company?
A: Chad A. Verdi
My production company, VP was founded in 2009 as an independent and fully-funded media production company based in New York City and RI. We just completed our sixth feature film within the last 38 months, 'A Bets a Bet'. VP will produce the bigger budget films while The Woodhaven Production Company focuses on films under 2.5 million dollars. Both companies are positioning themselves to be serious contenders in the film industry.
For a new company in the entertainment industry, you have attracted some very impressive names and talent to your team. I just read that you signed Oscar winners Martin Scorsese and Bruce Cohen along with Ben Younger and Emma Tillinger Koskoff to your next project (Bleed for This). How excited are you about working with them and how did all of this come about?
A: Chad A. Verdi
I am extremely excited about the caliber of talent attached to this project. This film is the reason my wife Michelle, (head of music and talent) and I got involved in this business. Having Ben, Martin, Bruce, and Emma involved elevates this project to a whole new level. It all started with the great script Ben wrote, the writer/director and the leader of our team. He is a true gem.
Your recent investment in NXTD-Inc. is in a sector that is making all the headlines now as Apple talks about biometrics technology for its smartphones. When did you first get involved as an investor and what inspired you to take the risk? What are some examples of other stocks in your current portfolio?
A: Chad A. Verdi
I started investing in NXT-ID, Inc over a year ago, knowing it was a huge risk if the company could not deliver on what they stated they could. My best scenario was correct and they delivered on their first revenue stream in biometrics, then delivered on becoming public and soon they will deliver their first of its kind 'digital wallet' prototype of the Wocket. They have taken a different approach with Wocket; reducing the number of cards in your wallet while supporting virtually every payment method currently available at retailers around the world. I bought both Apple ( AAPL) and Yahoo (YHOO) at very low prices. I feel NXT-ID has the same upside potential as those two did in their early stages.
In closing what is on the horizon for you as both a film-maker and an investor?
A: Chad A. Verdi
The Bleed for This project, is very important to me and my family. Bleed For This tells the true-life story of world champion Rhode Island boxer Vinny Pazienza as he recovers from a near fatal car accident and goes on to win three additional world boxing titles, one of the most incredible and dramatic comebacks in sports history. We want Vinny's story told to share his great achievement with the world.
As an investor, NXT-ID, Inc (OTCQB: NXTD) could change the world we live in as we all go mobile. That's pretty cool!
About the Verdi Productions and Woodhaven Production Company:
Both Verdi Productions and The Woodhaven Production Company are fully funded film production companies, covering all aspects of filmmaking - from conception of script through postproduction.
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