Posts

Showing posts from September, 2014

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

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


http://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Northland+Capital+Markets+Starts+Nxt-ID,+Inc.+%28NXTD%29+at+Outperform/9869598.html

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 …

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

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


http://uk.reuters.com/article/2014/09/29/uk-nxt-id-ceo-idUKKCN0HO1R520140929

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, …

Who will inherit your debt when you die?

Image
Who will inherit your debt when you die?By Gerri Detweilerhttp://finance.yahoo.com/news/inherit-debt-die-090027744.html

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, i…

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

Image
Hydrocarb Energy Announces Engagement of ProActive Capital Group, LLC to Assist with Corporate Awarenesshttp://finance.yahoo.com/news/hydrocarb-energy-announces-engagement-proactive-123700085.html
Hydrocarb Energy Corporation (HECC) 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…

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

Image
http://finance.yahoo.com/news/vantage-health-announces-appointment-edward-123000790.html

Vantage Health Inc., (VNTH) ("Vantage Health" or the “Company") 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 Universi…

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

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


http://finance.yahoo.com/news/nxt-id-inc-names-vice-120000103.html

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, manufactu…

NWTR to Aquire Island Energy Partners, LLC

Image
View this email online if it doesn't display correctlyNew Western Energy Corporation
(Otc: NWTR)

New Western Energy (NWTR) to Acquire  Island Energy Partners, LLC

New Western Energy Corporation (NWTR)

NWTR acquires land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States.

Our strategy creates value for our assets and shareholders …

New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC

Image
New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC http://finance.yahoo.com/news/western-energy-signs-loi-acquire-133000625.html
New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC ("IEP"). IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.


The Rio Vista Gas Field is a large natural gas field in the Sacramento--San Joaquin River Delta in northern California, adjacent to Rio Vista, California. Discovered in 193…

New Western Energy (otc: NWTR) Hires CC Colburn as Senior Advisor to the Board, Acquisitions

Image
New Western Energy (otc: NWTR) Hires CC Colburn as Senior Advisor to the Board, Acquisitions
http://finance.yahoo.com/news/western-energy-hires-cc-colburn-133000068.html
IRVINE, Calif., Sept. 11, 2014 (GLOBE NEWSWIRE) -- New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has hired CC Colburn, as Senior Board Advisor, Acquisitions and Divestures. Mr. Colburn will be responsible for identifying acquisitions, financing and technical oversight and support through his firm, Geo Reserves.


Mr. Colburn is a focused and profit-driven executive with over 30 years experience in the energy production and drilling technology business. He has practical experience in and a solid understanding of a diverse range of business management applications, including profit and loss, staffing and delivery models, team building, and has consistently made …

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

Image
NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling http://finance.yahoo.com/news/nxt-id-nxtd-research-note-123500067.html
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 …