SOURCE: NXT-ID August 15, 2013 20:53 ET Biometric

SOURCE: NXT-ID August 15, 2013 20:53 ET Biometric Mobile Commerce Company NXT-ID, Inc. Commences Trading on OTCQB Company's Technology Targets Mobile Security and Facial Recognition Market SHELTON, CT--(Marketwired - Aug 15, 2013) - NXT-ID, Inc., (OTCQB: NXTD) a biometrics company focused on the growing mobile commerce market today announces that it will commence trading on the OTCQB under the trading symbol NXTD on August 16, 2013. NXT-ID, Inc. is an early stage technology company that is developing and marketing products, solutions, and services for consumers and organizations that have a need for biometric secure access control. The Company has three distinct lines of business: mobile commerce, law enforcement, and biometric access control applications. NXT-ID went public through an S1 self-registration. The Company also has received funding from Connecticut Innovations (CI), the state's quasi-public authority responsible for growing Connecticut businesses through innovative financing and strategic assistance. Part of the NXT-ID technology portfolio is based on years of development, dating back to 1995. NXT-ID's licensed biometric technologies have historically won awards from the Department of Defense, NIH, NIST and NSF amounting to more than $30 million. NXT-ID's initial efforts are focused on developing a secure biometric electronic wallet for the growing mobile commerce market. The Company believes that this constitutes unique technology because it takes a very different approach relative to the current offerings: instead of replacing the wallet through a smartphone, the aim is to improve it. The Wocket™ will reduce the number of cards to be carried in a consumer's wallet to a single card and will be capable of supporting virtually every payment method currently available at Point-of-Sale (POS) at retailers around the world including magnetic stripe, touchless payment methods such as near field communications and barcode all within a secure biometric vault. In parallel NXT-ID is marketing its existing line of secure 3D FaceMatch™ biometric identification systems for law enforcement, the Department of Defense, and Homeland Security through their subsidiary 3D-ID, LLC (