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Showing posts from September, 2014

Northland Capital Markets Starts Nxt-ID, Inc. (NXTD) at Outperform

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Northland Capital Markets Starts Nxt-ID, Inc. (NXTD) at Outperform
Northland Capital Markets initiated coverage on Nxt-ID, Inc. (NASDAQ: NXTD) with an Outperform rating and a price target of $6.00. Analyst Michael Latimore forecasts a $2 billion market opportunity for its Smart Wocket.

"NXTD’s main product, the Wocket, is a smart wallet and prevents loss of identity or fraud if the wallet is lost or stolen. Taking into account the 13 million people with lost identities each year, we forecast a $2 billion market opportunity for the Wocket," said Latimore. "Wocket users simply swipe their credit cards one time into the Wocket and the Wocket stores all information, eliminating need to carry cards. Via voice recognition, the Wocket is activated and a desired card accessed. The user can then use the Wocket just as they would a standard card. Card information is stored in a secure encrypted chip."

"Consumers are also increasingly interested in using smart, …

NXT-ID banking on smart wallet to start making profit next year

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NXT-ID Banking on Smart Wallet to Start Making Profit Next Year Biometric security company NXT-ID Inc expects to turn profitable next year, Chief Executive Gino Pereira said, as the company rolls out a $150 (92.3 pounds) digital wallet as an alternative to new payment services such as Apple Pay.
With recent massive data breaches eroding trust in mobile and Web payments, Pereira said NXT-ID expected rapid adoption of its "Wocket" passcode- and voice-protected wallet.

"Even if you take a small percentage of credit cards holders (in the United States) and multiply it by $150 you will see there is a multi-billion-dollar market that is available to us," he said in an interview on Sept. 23.

NXT-ID had said the previous day that it had raised an undisclosed sum to ramp up production of the Wocket. Since then its shares have nearly doubled, closing at $2.77 on Friday.

The Shelton, Connecticut-based company, founded in 2011, reported a loss of $1.54 million and …

Who will inherit your debt when you die?

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Who will inherit your debt when you die? By Gerri Detweiler Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones. However, many baby boomers who have seen their net worth dip below zero in recent years will instead leave a very different kind of legacy: debt. Who will inherit your debt if you died tomorrow? Credit Card Debt
Your spouse may inherit your credit card debt if he or she was a joint account holder, or if you live in a community property state where debt incurred after the marriage is considered community property. Your children or other relatives, however, will generally not be personally responsible for that debt unless they co-signed the loan. But keep in mind that credit card debt may have to be paid out of any assets in your estate, if you leave one. (More on that in a moment.)
Mortgage Debt

Since most mortgages are held by married couples, it’s often likely that your spouse will have to continue to pay …

Hydrocarb Energy Announces Engagement of ProActive Capital Group, LLC to Assist with Corporate Awareness

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Hydrocarb Energy Announces Engagement of ProActive Capital Group, LLC to Assist with Corporate AwarenessHydrocarb Energy Corporation today announced the hiring of New York City based ProActive Capital Group, LLC (PCG), a leading capital markets advisory and communication strategies firm, to assist with achieving investor and corporate awareness.
PCG assists emerging and developing companies to achieve financial objectives through active, multi-channel engagement with investors to facilitate dialogue with the investment community and public at large. "We are familiar with the quality of work and investor access that ProActive Capital provides and believe they are wonderfully suited to deliver our message to the community of investors seeking to profit from the energy sector," stated Chuck Dommer, President and COO of Hydrocarb. "Their multi-channel approach makes them a good match for our investor awareness needs and we look forward to updating our sharehold…

Vantage Health Announces Appointment of Edward Rollins, Former Advisor to Four U.S. Presidents, to Its Board of Directors

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Vantage Health Announces Appointment of Edward Rollins, Former Advisor to Four U.S. Presidents, to Its Board of Directors
Vantage Health Inc., (VNTH) today announced the appointment of Edward Rollins to its Board of Directors.
Mr. Rollins currently serves as a senior advisor for Teneo, a global advisory firm that partners exclusively with CEOs and senior leaders of many of the world’s largest and most complex companies and organizations. Mr. Rollins is an internationally renowned public and corporate relations strategist and well-known political commentator. He has appeared on CNN, Meet the Press, Face the Nation, and many other major network news stations and talk shows. He has advised Fortune 400 chief executives and leaders of major trade associations on corporate reputation, crisis management, advertising, public relations, and governmental affairs.

In addition to his role at Teneo, Mr. Rollins is the senior presidential fellow at Hofstra University’s Center f…

NXT-ID, Inc. Names Vice-President and Chief Financial Officer

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NXT-ID, Inc. Names Vice-President and Chief Financial Officer NXT-ID, Inc. (Nasdaq:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market, today announced that Vincent S. Miceli has been named the Company's Vice-President and Chief Financial Officer effective immediately. Mr. Miceli replaces Gino Pereira as Chief Financial Officer. Mr. Pereira will continue to serve as the Company's Chief Executive Officer and as a Director.

Mr. Miceli, age 56, has extensive hands on experience in financial and operational management and business leadership in both substantial private and public companies. He is also experienced with working with public company Boards of Directors, as well as financial institutions. Mr. Miceli was the Vice-President and Chief Financial Officer/Treasurer of Panolam Industries International, Inc., a company which primarily designs, manufactures and distributes decorative and industrial laminates, from May 200…

NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling

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NXT-ID (NXTD) Research Note Update from SoundViewNew Funding Keeps Wocket Rolling  BOSTON, Sept. 26, 2014 /PRNewswire/

SoundView Technology Group issues a new research note following recent industry developments, recent uplisting to NASDAQ and funding for NXT-ID Wocket smart wallet. NXT-ID, Inc. (NXTD) is a biometric authentication company focused on the growing mobile commerce market.

We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.
New Funding Keeps Wocket Rolling
Kris Tuttle, September 26, 2014
Company Update
NXT-ID (NXTD) recently completed a financing which has enabled them to begin trading on the NASDAQ and provides finding for the upcoming launch of their smart wallet solution called the Wocket™. We've been covering NX…

Rockwall company to raise $1M for hemp-based beverages

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Rockwall Company (THCZ) to Raise $1M for Hemp-Based Beverages As battles rage on concerning the legalization and use of marijuana and hemp, one Dallas company is getting in on the trend in a new and “wild” way, said Jerry Grisaffi, owner of Totally Hemp Crazy (THCZ).

The Rockwall company filed Sept. 24 for a round of funding to raise $1 million. The proceeds will help Grisaffi and his company produce hemp-based beverages that are set to hit shelves before the end of the year.

It puts a whole new spin on thinking green.

“Hemp and marijuana are getting such press, everyone wants to be on this new wave, and so do we,” Grisaffi said. “What we do is totally drug-free, and has all the benefits of hemp.”
The irony, of course, is that his company’s initials are THC, short for tetrahydrocannabinol, a common chemical in cannabis. And the company's logo features a green leaf.

But for Grisaffi, this isn’t a drug issue. Instead, he’s touting the health benefits that can be found in th…

Biometrics & Technology Resources Lead to Increased Revenue Generation for e-Commerce, e-Payment Services & Digital Wallets

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Biometrics & Technology Resources Lead to Increased Revenue Generation for e-Commerce, e-Payment Services & Digital WalletsGlobal tech solutions for e-commerce and m-commerce platforms become more consumer oriented as the top NASDAQ & NYSE Companies race to introduce latest improved products and services. Companies in focus today are: NTX-ID, Inc. NXTD, -2.04% Apple Inc. AAPL, -2.62% Alibaba Group Holding Limited BABA, -1.57% and GoPro Inc. GPRO, -1.00%NXT-ID, Inc. NXTD, -2.04% a biometric authentication company focused on the growing mobile commerce market, issues the following marketing update for the Wocket(TM) smart wallet. The Company will be increasing its tactical and strategic marketing plans to spread consumer awareness as well as introduce Wocket and Wocket number encryption to financial institutions that issue credit and debit cards. The Company also intends to start a merchant education program about the many convenient and secure features of Wocket…

NASDAQ Financial Sector Update

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NASDAQ.com Sector Update: FinancialFinancial stocks were ending lower today with the NYSE Financial Sector Index falling about 0.5% and the S&P Financial 100 Index losing about 0.4%.

In company news, shares of digital payments processor NXT-ID Inc. ( NXTD ) surged as much as 66% Tuesday after CEO Gino Pereira provided shareholders with details of the company's recent $5.2 million stock sale, describing it as "essential" in ramping up NXTD's Wocket smart-wallet technology as well as its other biometric and authentication products.

The company's stock also is getting a push higher with its promotion today from the over-the-counter market to the Nasdaq Capital Market. Shares recently were up more than 29% at $2.74 apiece, earlier streaking to a session high of $3.52 a share. The stock has traded within a 52-week range of $1.36 to $7.25 a share, declining more than 40% over the past 12 months ahead of today's gains.

According to a letter to sha…

Vantage Health Announces Appointment of Joseph C. Peters, Former White House Drug Policy Office’s Acting Deputy Director for State and Local Affairs under Presidents Clinton and Bush, to Its Board of Directors

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Vantage Health Announces Appointment of Joseph C. Peters, Former White House Drug Policy Office’s Acting Deputy Director for State and Local Affairs under Presidents Clinton and Bush, to Its Board of Directors Vantage Health Inc. (VNTH) today announced the appointment of Joseph C. Peters to its Board of Directors, effective immediately. Mr. Peters will also serve as President of the company. Among other things, he will be involved in exploring possible applications of the Company’s technology to narcotics detection. Mr. Peters will replace departing board member Will Rees.

Mr. Peters, a Pennsylvania native, has throughout his career worked inside and outside of government to develop law enforcement and homeland security programs and technologies. An international expert in his field, Mr. Peters has participated in numerous conferences as principal or keynote speaker and has served as a television and radio commentator providing expert insight on law enforcement investigati…

NXT-ID Marketing Update for Wocket™ Smart Wallet National CNBC Ad Campaign Resumes, Wocket to Exhibit at 2015 CES (Consumer Electronics Show)

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NXT-ID Marketing Update for Wocket™ Smart WalletNational CNBC Ad Campaign Resumes, Wocket to Exhibit at 2015 CES
 (Consumer Electronics Show)
 NXT-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market, issues the following marketing update for the Wocket™ smart wallet.

The Company will be increasing its tactical and strategic marketing plans to spread consumer awareness as well as introduce wocket and wocket number encryption to financial institutions that issue credit and debit cards. The Company also intends to start a merchant education program about the many convenient and secure features of Wocket.

The Company will be exhibiting at the upcoming 2015 International CES (Consumer Electronics Show®), the world's gathering place for all who thrive on the business of consumer technologies, to be held in Las Vegas, January 6-9, 2015. "CES has long been recognized as the showcase for the best innovations in electronics,&q…

Vantage Health Names Dr. Steven R. Steinhubl, Director of Digital Medicine at Scripps Translational Science Institute, New Chairman of the Board

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Vantage Health Names Dr. Steven R. Steinhubl, Director of Digital Medicine at Scripps Translational Science Institute, New Chairman of the Board Redwood City, Calif. (Business Wire)

Vantage Health Inc., (VNTH) ("Vantage Health") or today announced the appointment of Steven R. Steinhubl, M.D. as chairman of the board. Dr. Steinhubl replaces interim chairman, Dr. Kevin Buckman who will remain with the company in an advisory capacity.

Dr. Steinhubl is director of digital medicine at the Scripps Translational Science Institute, and a practicing cardiologist at the integrated Scripps Health system, both in San Diego. Dr. Steinhubl is working to lead the clinical transformation of healthcare by enabling the evidence driven adoption of mobile health technologies through the design and management of pragmatic clinical trials.

Before joining Scripps Health, Dr. Steinhubl, a cardiologist, clinical researcher and former pharmaceutical company executive, served as director …

NXT-ID Issues Shareholder Corporate Update

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NXT-ID Issues Shareholder Corporate Update NXT-ID, Inc. (NXTD), a biometric authentication company focused on the growing mobile commerce market, issues the following corporate shareholder update following the uplisting to NASDAQ and the recent funding.

Letter from the CEO:

NXT-ID recently completed an essential round of funding and joined the NASDAQ to support ramping of production of Wocket™ as well as expand its other biometric and authentication products and services. This strategic achievement positions NXT-ID to pursue new markets and distribution channels while expanding staff in key technology and other positions and continuing to promote consumer awareness through social media and advertising to select markets. NXT-ID has already filled several new positions to accelerate our development of new, innovative features of Wocket and other products. We are adding to our existing staff of 12 and have signed a lease on a fulfillment and customer support center in Melbourn…

NXT-ID's (NXTD) Vinny Paz Celebrity Ad Wocket Update: Katey Sagal and Ciaran Hinds Attached to His Upcoming Movie

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NXT-ID's Vinny Paz Celebrity Ad Wocket Update Katey Sagal and Ciaran Hinds Attached to His Upcoming Movie Nxt-ID, Inc. (Nasdaq: NXTD and NXTDW), a biometric authentication company focused on the growing m-commerce market, updates the "Wocket in Your Pocket" celebrity ad campaign, featuring former boxer and world champion in the lightweight and light middleweight weight classes, Vinny Pazienza (PAZ).

Yesterday it was announced that Game of Thrones actor Ciaran Hinds and Sons of Anarchy and Married with Children star Katey Sagal have been cast in Bleed for This.

Vinny Paz is currently the subject of a major motion picture underway, executive produced by movie legend Martin Scorsese. Bleed for This tells the true-life story of 5-time world champion Rhode Island boxer Vinny Pazienza as he recovers from a near fatal car accident that left him with a broken neck. He then goes on to win three additional world boxing titles, creating one of the most incredible comeb…