#Tech news: ​NXT-identity (NASDAQ: $NXTD) and fit Pay, Inc. Announce Letter of Intent to combine Their agencies - InvestorIdeas.com (press free up)

MELBOURNE, Florida - March 27, 2017 (Investorideas.com Newswire) NXT-identity, Inc. (NASDAQ:NXTD) (NXTDW) ("NXT-identification" or the "enterprise"), a safety know-how business, and fit Pay, Inc., a privately held issuer of fee, credential administration, and authentication platform services, these days introduced that the corporations have entered into Letter of Intent to mix their groups in a deal that comprises inventory and cash consideration. NXT-identification will not be raising additional capital to complete this transaction.

"This talents transaction with healthy Pay would now not most effective add a crucial component to our fee and authentication items, but additionally a platform so that you can enable a whole new suite of choices including payments, credential management, and relaxed authentication services," said Gino Pereira, Chief govt Officer of NXT-identity, Inc. "healthy Pay's management crew has over 50 years of event within the fee house. The completion of this transaction would deliver a vital addition to our enterprise model, increasing our opportunities with current products and permitting us to all of a sudden expand in digital payments and the information superhighway of things (IoT), each of which can be a part of our strategic plan."

fit Pay is a white-label know-how platform that provides charge, credential administration, authentication, capabilities and different secure features to wearable and IoT devices. healthy Pay has built-in with the primary credit card networks and chip manufacturers to deliver an all-in-one answer and flexible integration alternatives with developer-friendly equipment and documentation, together with relied on provider administration capabilities, full-featured API, cellular SDK (iOS & Android) and a particularly secure price network tokenization scheme.

"mixing our payment and authentication capabilities with NXT-identity's industry-main technology products will significantly accelerate our ability to catch market share," stated Michael Orlando, CEO of healthy Pay, Inc. "As buyers interact with more and more gadgets, featuring core relaxed features with the confidence of understanding the consumer has been authenticated is vital. NTX-identity and healthy Pay create a magnificent combination if you want to do just that - providing transformational items and functions to the industry."

The transaction continues to be discipline to completion of due diligence experiences, regularly occurring definitive documentation and Nasdaq assessment. The corporations are seeking for to comprehensive the transaction early in the 2nd quarter of 2017.

About NXT- identification Inc. - mobile protection for a cell World

NXT-identification, Inc. (NASDAQ: NXTD) is a safety expertise business offering protection for finance, belongings, and healthcare. The business's inventive MobileBio® solution mitigates hazards associated with cellular computing, m-commerce, and wise OS-enabled gadgets. With extensive adventure in biometric id verification, security and privacy, encryption and information coverage, funds, miniaturization and sensor applied sciences, the company companions with business main companies to supply options for modern charge and the cyber web of things ("IoT") applications. The company's wholly owned subsidiary, LogicMark, LLC, manufactures and distributes non-monitored and monitored personal emergency response programs ("PERS") sold during the u.s. department of Veterans Affairs ("VA"), healthcare durable clinical equipment buyers and distributors and monitored safety purchasers and distributors. http://www.nxt-identity.com

About healthy Pay, Inc.

based in San Francisco, California, healthy Pay, Inc. is led through former CyberSource and Visa executives with greater than 50 years of fee and id authentication area capabilities. With payment capabilities enabled by way of healthy Pay, wearable and IoT device producers can create consumer loyalty, faucet into routine salary streams, open new markets, and differentiate their products in an more and more competitive market. The business was named a "Cool dealer" with the aid of Gartner for 2016. learn more at http://www.healthy-pay.com, or on Twitter.

forward-looking Statements for NXT-identification:

This press unlock incorporates forward-looking statements in the which means of the deepest Securities Litigation Reform Act of 1995. ahead-searching statements mirror administration's current expectations, as of the date of this press free up, and involve certain risks and uncertainties. ahead-looking statements consist of statements herein with admire to the a success execution of the enterprise's company approach. The business's specific effects might differ materially from those expected in these forward-looking statements because of quite a few components. Such dangers and uncertainties encompass, among different things, our capability to set up and keep the proprietary nature of our technology throughout the patent procedure, as well as our skill to probably license from other patents and patent functions integral to boost products; the supply of financing; the enterprise's potential to implement its long range business plan for a lot of purposes of its know-how; the enterpr ise's capability to enter into agreements with any quintessential marketing and/or distribution companions; the affect of competitors, the acquiring and preservation of any indispensable regulatory clearances relevant to functions of the business's expertise; and administration of growth and different dangers and uncertainties that may well be exact once in a while in the business's studies filed with the Securities and change commission.

NXT-identity Inc. Contact:

company information: information@nxt-identity.com

Media:

D. Van Zant+1-800-665-0411press@nxt-identification.com

fit Pay, Inc. Contact:

Chris Orlando+1-760-468-7273chris@healthy-pay.com

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