sMARTcARD DEAL = $2 MILLION
WorldVentures and Nxt-ID Form Strategic Alliance to Create Next Generation Smart Card
PLANO, Texas, January 4, 2016 /PRNewswire/ --
- New innovation will allow WorldVentures DreamTrips™ Members to earn restaurant points towards free vacations.
- WorldVentures users to experience more convenient, more secure way to travel with one smart card.
- First iteration of concept to be introduced at the WorldVentures UNITED annual conference in Orlando, Jan. 15-17.
WorldVentures®, a privately held leading direct seller of vacation and entertainment club memberships and Inc. 5000 fastest-growing company, today announced that it has reached a definitive agreement with Connecticut-based Nxt-ID, Inc. (NXTD), a company focused on the growing m-commerce market. The agreement calls for WorldVentures to make a strategic investment of $2 million in Nxt-ID to develop a proprietary new wireless smart card for its members-numbering in the several hundreds of thousands worldwide-based on Nxt-ID's Wocket®, a unique smart wallet that serves to securely store all credit cards. The smart card will be customized with additional technologies and wireless features, such as the ability to seamlessly integrate with WorldVentures's DreamTrips App to wirelessly check in and earn loyalty points towards free DreamTrips vacations at select restaurants. DreamTrips is a travel club and entertainment community where Members enjoy exciting excursions year-round to extraordinary destinations.
The agreement also provides that upon completion of development, the card will be sold exclusively to WorldVentures to be distributed and made available to its Members.
In addition, the agreement provides for ongoing enhancement of the smart card with new product innovations already in development. Enhanced Next-ID technology is intended to:
Replace all cards in the user's wallet
Store hundreds of credit cards, loyalty cards, records and other data, and be used virtually anywhere payment can be made with a credit card
Offers added identity protection for increased peace of mind while traveling
Allow Members to earn points at select restaurants worldwide that can be used towards DreamTrips vacations
Foster social interactive engagement with DreamTrips Members worldwide through its wireless App and card communication features
The strategic alliance supports WorldVentures's mission to help its Independent Representatives and DreamTrips Members get more fun, freedom and fulfillment in their lives. "In this high-tech, hyper-connected world, we are enabling people to use technology in a more powerful and compelling way," said Wayne Nugent, World Ventures Co-founder and Chief Visionary Officer. "And our Independent Representatives will be able to bring this exciting new innovation to travelers all over the world, making their experiences richer, safer, and more engaging and rewarding."
WorldVentures fosters an environment where independent-minded entrepreneurs can build their own businesses, set their own direction and make a living…living!® The customized smart card is the first of many innovations that will help them do that. "This is only the beginning," said Dan Stammen, WorldVentures Chief Executive Officer. "Our collaboration with the Nxt-ID executive and technology teams not only sets WorldVentures apart in the direct selling industry, but will allow us to develop the most technologically advanced human networking interactions through new products while continuously enhancing our current product set."
Nxt-ID President and Chief Executive Officer Gino Pereira says, "We are tremendously excited about our strategic partnership with WorldVentures. This is a great example of the type of partnership that we are seeking in order to leverage our unique technologies. WorldVentures has an extraordinarily successful distribution model and a very talented and inspirational management team."
WorldVentures will introduce the concept at its UNITED annual conference Jan. 15-17, 2016 in Orlando, Fla. "This year marks our company's 10th anniversary," muses Nugent, "and as we enter into the next decade it is no longer as a direct marketing organization, but as a technology company that uses direct marketing to bring exciting innovations, business opportunities and one-of-a-kind experiences to our members worldwide."
WorldVentures is the leading international direct seller of vacation club memberships and helps people achieve more fun, freedom and fulfillment by offering DreamTrips Memberships, which include unique vacations at reduced prices. WorldVentures is a privately held company based in Plano, Texas, with active Representatives and Members in 28 countries. http://worldventures.com
About Nxt-ID, Inc.
Nxt-ID, Inc. is focused on the growing m-commerce market, launching its innovative MobileBio suite of biometric solutions that secure consumers' mobile platforms led by Wocket, a next generation smart wallet designed to replace all the cards in your wallet.