NXT-ID (Nasdaq: NXTD)
Announces It Has
Received Listing Compliance Letter from NASDAQ
Melbourne FL, April 18, 2016 -- NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a company focused on the growing
mobile commerce market, announces it has received notice of compliance from NASDAQ,
dated April 14, 2016.
Based on the representation in the Form 8-K, dated April 12,
2016, NASDAQ staff have determined that the Company complies with the minimum
$2.5 million Stockholders’ Equity requirement, set forth in Listing Rule 5550(b)
(1). The Company is required to evidence this compliance in its next periodic
report.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID (NASDAQ:NXTD) is an emerging growth technology company that is focused on products,
solutions, and services for security on mobile devices. Our core technologies
consist of those that support digital payments, biometric identification,
encryption, sensors, and miniaturization. We have three distinct lines of
business that we are currently pursuing: mobile commerce, primarily through the
application of secure digital payment technologies; biometric access control
applications, and Department of Defense contracting. Our initial efforts have
primarily focused on the development of our secure products for the growing
m-commerce market, most immediately, a secure mobile electronic smart wallet,
the Wocket®. The Wocket® is a smart wallet, designed to protect your identity. www.nxt-id.com, www.wocketwallet.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:
Media:
D. Van Zant
800 665-0411
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