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Microcap & Penny Stocks : NXT-ID, Inc.
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From: Sr K2/19/2016 5:27:21 PM
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up 52.2% with news of a $15m order.

3:41 pm Nxt-ID announces purchase order from WorldVentures for up to $15 mln for the new DreamTrips SmartCard to be delivered in 2016 ( NXTD) :

Co the first purchase order for a new SmartCard being developed for WorldVentures vacation club Members.

  • On February 9, 2016, the Company announced that both companies signed off on the hardware specifications for the new product and that it was entering the manufacturing phase.
  • The purchase order is for up to $15 mln and is subject to WorldVentures acceptance of the prototype card now being manufactured.
  • The purchase order calls for equal monthly deliveries with a value of $2.5 mln a month from July to December 2016.
  • With the exception of the order for the first $2.5 mln, WorldVentures has the option to cancel, defer or increase monthly shipments with 90 days written notice on subsequent orders.
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