$NXTD - Analyst Update; NXT-ID Inc. Wocket Launches into Waiting Market

BOSTON, (http://www.FinancialNewsMedia.com News Alert) - SoundView Technology Group releases the recent research update on NXT-ID Inc. (OTCQB: NXTD) (OTCBB: 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 Launches into Waiting MarketKris Tuttle & Stephen Waite - June 11, 2014



Summary: The Wocket(TM) was officially launched on May 28th 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. We have also extended our forecast to arrive at a projected IV in 2015 of $20.55.



Additional Details: 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.



In addition to elaborating on the key features, there was a live demonstration of using the Wocket to do a typical transaction by swiping the card, just as one does with a standard plastic debit or credit card.



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.



Wocket is NXT-ID\'s replacement for a conventional wallet. The heart of it is the device itself which securely stores cards digitally - that covers virtually all of the important cards consumers carry in a wallet today, including credit, debit, ATM, loyalty, gift, ID, membership, insurance, medical information, and coupons. Wocket locks a user\'s private information in an electronic \"vault\"...