Wall Street Journal - PRESS RELEASE
June 27, 2014, 8:20 a.m. ET
Smart Technology & Digital Wallet Advancements Reaching New Levels - New Research Data on Latest Innovative Smart Wallet
CORAL SPRINGS, Florida, June 27, 2014 /PRNewswire/ --
SoundView Technology Group releases the recent research update on NXT-ID Inc. (OTCQB:NXTD) and its smart wallet, Wocket(TM) . Recent developments following the June 11th update include the Company has filed for a NASDAQ application and appointed a new independent Board member to satisfy that requirement for listing.
Wocket(TM) Launches into Waiting Market - Kris Tuttle & Stephen Waite - June 11, 2014 - As a prelude to what will be a more active marketing phase, the event included attendance by the media, investors, analysts, and Miss Universe 2012, which added a special level of energy and media attention. Online preorders are available with first units shipping to consumers in September at a price of $149.99, plus some optional services for customers that require additional protection.
To read the full NXTD press release, please click here: http://www.fnmprofiles.com/profiles-nxtd.html
Summary From SoundView Technology Group: The Wocket(TM) was officially launched on May 28(th) at the Plaza Hotel in NYC. All the feedback we received from attending suggests that consumers who get a chance to see and understand it, immediately want one. It's a viable way to deliver something consumers can use as a digital wallet that is secure, private, and able to handle all their payment, identification, and loyalty needs. The Wocket is really a wallet replacement, and the functional demonstration worked very well. We'll be monitoring the progress and consumer reaction very closely over the next few months with an eye to validating our IV model, which currently suggests a stock value of $11.70/share.
Sales Projections and Intrinsic Valuation for NXTD From SoundView Technology Report: Over the past year we've seen plenty of data showing that there is strong desire for a device like the Wocket. Consumers are still waiting for an actual product to buy and use. Initial sales volumes will depend on initial orders, and initially, on the ability of NXT-ID to ramp production and manage some longer lead time components. After a review of our current projections and intrinsic valuation (IV) model, we don't see anything that needs to be changed. However, extending the projections and model out an additional year allows us to publish a 2015 IV estimate of $20.55.
Our current estimate for sales in 2014 is 40K units, which grow fast in later years to reach nearly 1M units in 2018 and 1.5M units in 2019. These unit projections are still very low considering the small penetration rate needed to generate those numbers. If the Wocket is successful, unit growth can be much faster. Many investors were surprised by how quickly new categories like the iPad reached large numbers of units after consumer adoption. We won't have any real visibility on these longer term projections until 2015, but have a credible working forecast to start with. Read the FULL SoundView Technology Group Report at http://s3.amazonaws.com/Published_Research/NX...e_2014.pdf
On Wednesday, Google (NASDAQ: GOOG) launched a new Android platform for watches that it hopes will change history by skipping the part where Apple gets there first. As Apple (NASDAQ: AAPL) apparently worries over every exquisite detail of its entry into the smartwatch market, Android Wear represents Google's hope of commodifying the concept before its rival can make the idea of a wrist computer seem special. Android became more commonplace than iOS on phones because Google allowed other handset makers to use it, the same way Windows became ubiquitous while the Mac OS did not. To read the full story, please click here: http://www.wired.com/2014/06/google-smartwatch-os/
Microsoft (NASDAQ: MSFT) also continues to develop its footprint on the smart technology landscape, with reports of a smartwatch potentially being released this summer. The device will draw on optical engineering expertise from Microsoft's Xbox Kinect division to continuously measure heart rate through the day and night, according to multiple sources with knowledge of the company's plans, while the battery will last for two days, roughly on par with Samsung's Gear Fit. The timeline for the watch's release date is unclear but Microsoft could be gunning for as soon as this summer.
Symantec Corporation (NASDAQ: SYMC) recently announced the launch of a first-of-its-kind program, the Symantec Cyber Career Connection (SC3), to address the global workforce gap in cybersecurity and provide new career opportunities for young adults who may not be college-bound. The program was announced as a Commitment to Action today at the Clinton Global Initiative America meeting by Secretary Hillary Rodham Clinton and Symantec's executive director of the program, Aled Miles. A pilot of the program will start in August in New York City, Baltimore and San Francisco Bay Area, and will be implemented through a network of partners, including Year Up, NPower and LifeJourney, working in conjunction with Symantec's charitable foundation, the Symantec Foundation. The program will expand internationally in future years.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-ID Inc. by a non-affiliated third party.
FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC
June 27, 2014, 8:20 a.m. ET
Smart Technology & Digital Wallet Advancements Reaching New Levels - New Research Data on Latest Innovative Smart Wallet
CORAL SPRINGS, Florida, June 27, 2014 /PRNewswire/ --
SoundView Technology Group releases the recent research update on NXT-ID Inc. (OTCQB:NXTD) and its smart wallet, Wocket(TM) . Recent developments following the June 11th update include the Company has filed for a NASDAQ application and appointed a new independent Board member to satisfy that requirement for listing.
Wocket(TM) Launches into Waiting Market - Kris Tuttle & Stephen Waite - June 11, 2014 - As a prelude to what will be a more active marketing phase, the event included attendance by the media, investors, analysts, and Miss Universe 2012, which added a special level of energy and media attention. Online preorders are available with first units shipping to consumers in September at a price of $149.99, plus some optional services for customers that require additional protection.
To read the full NXTD press release, please click here: http://www.fnmprofiles.com/profiles-nxtd.html
Summary From SoundView Technology Group: The Wocket(TM) was officially launched on May 28(th) at the Plaza Hotel in NYC. All the feedback we received from attending suggests that consumers who get a chance to see and understand it, immediately want one. It's a viable way to deliver something consumers can use as a digital wallet that is secure, private, and able to handle all their payment, identification, and loyalty needs. The Wocket is really a wallet replacement, and the functional demonstration worked very well. We'll be monitoring the progress and consumer reaction very closely over the next few months with an eye to validating our IV model, which currently suggests a stock value of $11.70/share.
Sales Projections and Intrinsic Valuation for NXTD From SoundView Technology Report: Over the past year we've seen plenty of data showing that there is strong desire for a device like the Wocket. Consumers are still waiting for an actual product to buy and use. Initial sales volumes will depend on initial orders, and initially, on the ability of NXT-ID to ramp production and manage some longer lead time components. After a review of our current projections and intrinsic valuation (IV) model, we don't see anything that needs to be changed. However, extending the projections and model out an additional year allows us to publish a 2015 IV estimate of $20.55.
Our current estimate for sales in 2014 is 40K units, which grow fast in later years to reach nearly 1M units in 2018 and 1.5M units in 2019. These unit projections are still very low considering the small penetration rate needed to generate those numbers. If the Wocket is successful, unit growth can be much faster. Many investors were surprised by how quickly new categories like the iPad reached large numbers of units after consumer adoption. We won't have any real visibility on these longer term projections until 2015, but have a credible working forecast to start with. Read the FULL SoundView Technology Group Report at http://s3.amazonaws.com/Published_Research/NX...e_2014.pdf
On Wednesday, Google (NASDAQ: GOOG) launched a new Android platform for watches that it hopes will change history by skipping the part where Apple gets there first. As Apple (NASDAQ: AAPL) apparently worries over every exquisite detail of its entry into the smartwatch market, Android Wear represents Google's hope of commodifying the concept before its rival can make the idea of a wrist computer seem special. Android became more commonplace than iOS on phones because Google allowed other handset makers to use it, the same way Windows became ubiquitous while the Mac OS did not. To read the full story, please click here: http://www.wired.com/2014/06/google-smartwatch-os/
Microsoft (NASDAQ: MSFT) also continues to develop its footprint on the smart technology landscape, with reports of a smartwatch potentially being released this summer. The device will draw on optical engineering expertise from Microsoft's Xbox Kinect division to continuously measure heart rate through the day and night, according to multiple sources with knowledge of the company's plans, while the battery will last for two days, roughly on par with Samsung's Gear Fit. The timeline for the watch's release date is unclear but Microsoft could be gunning for as soon as this summer.
Symantec Corporation (NASDAQ: SYMC) recently announced the launch of a first-of-its-kind program, the Symantec Cyber Career Connection (SC3), to address the global workforce gap in cybersecurity and provide new career opportunities for young adults who may not be college-bound. The program was announced as a Commitment to Action today at the Clinton Global Initiative America meeting by Secretary Hillary Rodham Clinton and Symantec's executive director of the program, Aled Miles. A pilot of the program will start in August in New York City, Baltimore and San Francisco Bay Area, and will be implemented through a network of partners, including Year Up, NPower and LifeJourney, working in conjunction with Symantec's charitable foundation, the Symantec Foundation. The program will expand internationally in future years.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-ID Inc. by a non-affiliated third party.
FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC
