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Microcap & Penny Stocks : NXT-ID, Inc.

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From: roger wilco	1/28/2014 4:04:51 PM
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NXTD News! Jan 28, 2014 NXT-ID (NXTD) - Increasing Intrinsic Value (IV) Estimate After Company Completes New Accretive Financing Round marketwired.com SoundView Technology Group: NXT-ID (OTCQB: NXTD) has effectively raised an additional round of capital that will come in two tranches -- $1.35M less expenses up front and another $4.4M from likely warrant exercises. The proceeds will aid the company in further development and the commercial launch of their innovative digital wallet (The Wocket). In an unusually shareholder-friendly move founding members of the management team elected to surrender shares to offset the additional shares need for new investment capital. Few, if any, company managements go to such lengths to put shareholders first. Thanks to this decision an adjustment to our intrinsic valuation (IV) model results in an increase from $10.93 (published in December 2013) and our new IV estimate of $11.51. Market forces continue to favor adoption of digital wallet technologies and NXT-ID is certainly one of the leading contenders for what will be a commercial market in 2014. Our full note is available for download here: s3.amazonaws.com About SoundView Technology Group We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut. About The Wocket™: The Wocket™ is a next generation designed to replace all the cards in your wallet without draining your cell phone's battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. thewocket.com About NXT- ID Inc. - Mobile Security for a Mobile World: NXT-ID Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms. NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition nxt-id.com, 3d-id.net

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