Northland Capital Markets Starts Nxt-ID, Inc. (NXTD) at Outperform


Northland Capital Markets Starts Nxt-ID, Inc. (NXTD) at Outperform


http://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Northland+Capital+Markets+Starts+Nxt-ID,+Inc.+%28NXTD%29+at+Outperform/9869598.html

Northland Capital Markets initiated coverage on Nxt-ID, Inc. (NASDAQ: NXTD) with an Outperform rating and a price target of $6.00. Analyst Michael Latimore forecasts a $2 billion market opportunity for its Smart Wocket.

“NXTD’s main product, the Wocket, is a smart wallet and prevents loss of identity or fraud if the wallet is lost or stolen. Taking into account the 13 million people with lost identities each year, we forecast a $2 billion market opportunity for the Wocket,” said Latimore. “Wocket users simply swipe their credit cards one time into the Wocket and the Wocket stores all information, eliminating need to carry cards. Via voice recognition, the Wocket is activated and a desired card accessed. The user can then use the Wocket just as they would a standard card. Card information is stored in a secure encrypted chip.”

“Consumers are also increasingly interested in using smart, mobile devices in lieu of traditional consumer items. One recent forecast has mobile in-store payment growth increasing 154% over the next four years. This includes use of smartphone-based payments. Several studies show, however, that as many as 60% of consumers don’t trust putting their financial information into phones (partly because they can be hacked just like a computer). We see the Wocket filling that huge segment,” he added. “The Wocket is just now going into production, and we expect a minimum of 2,500 to be available in 4Q. Once through the first production cycle, sales can accelerate, which we expect in 1Q15 and beyond.”

For an analyst ratings summary and ratings history on Nxt-ID, Inc. click here. For more ratings news on Nxt-ID, Inc. click here.

Shares of Nxt-ID, Inc. closed at $2.39 yesterday.

NXT-ID banking on smart wallet to start making profit next year


NXT-ID banking on smart wallet to start making profit next year


http://uk.reuters.com/article/2014/09/29/uk-nxt-id-ceo-idUKKCN0HO1R520140929

Biometric security company NXT-ID Inc expects to turn profitable next year, Chief Executive Gino Pereira said, as the company rolls out a $150 (92.3 pounds) digital wallet as an alternative to new payment services such as Apple Pay.

With recent massive data breaches eroding trust in mobile and Web payments, Pereira said NXT-ID expected rapid adoption of its “Wocket” passcode- and voice-protected wallet.

“Even if you take a small percentage of credit cards holders (in the United States) and multiply it by $150 you will see there is a multi-billion-dollar market that is available to us,” he said in an interview on Sept. 23.

NXT-ID had said the previous day that it had raised an undisclosed sum to ramp up production of the Wocket. Since then its shares have nearly doubled, closing at $2.77 on Friday.

The Shelton, Connecticut-based company, founded in 2011, reported a loss of $1.54 million and no revenue last year.

Apple Inc’s embrace of wireless payment technology in its latest phones, tablets and smartwatches is expected to spur greater acceptance of digital payments.

Merchants, however, will need to upgrade their terminals to accept payment through Apple Pay.

NXT-ID’s Wocket will work on existing terminals.

The device – the size of a small calculator and with its own card inside – can store data on up to 10,000 debit, credit and loyalty cards. It has a six-month battery life.

To make a payment at a store, a consumer has to activate a card stored in the Wocket, which will temporarily embed the data on its own re-programmable card.

This card can then be swiped at stores like any other card.

Data on the Wocket card will self-delete a minute after it is swiped, said Pereira, the largest shareholder in NXT-ID with a 42.71 percent stake.

Nearly 8 million U.S. credit card users fell victim to fraudulent use of their cards in 2012, according to the U.S. government. (1.usa.gov/1ixlImY)

Over the next two years, NXT-ID plans to add encryption and offer online protection through its digital wallet.

SoundView Research analyst Kris Tuttle estimated NXT-ID will sell about 40,000 digital wallets next year, rising to about 120,000 in 2016 and 600,000 in 2018.

Tuttle said in a note on Friday that he expected NXT-ID to earn a net $9 million on revenue of $102.1 million in 2018.

NXT-ID said the same day that full-scale production of the Wocket would begin in early 2015 after a slight delay.

The company on Monday named Vincent Miceli as its chief financial officer – a position Pereira held along with his CEO role.

Who will inherit your debt when you die?


Who will inherit your debt when you die?

 Credit.com 

Questions

Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones. However, many baby boomers who have seen their net worth dip below zero in recent years will instead leave a very different kind of legacy: debt.

Who will inherit your debt if you died tomorrow?

Credit Card Debt

Your spouse may inherit your credit card debt if he or she was a joint account holder, or if you live in a community property state where debt incurred after the marriage is considered community property. Your children or other relatives, however, will generally not be personally responsible for that debt unless they co-signed the loan. But keep in mind that credit card debt may have to be paid out of any assets in your estate, if you leave one. (More on that in a moment.)

http://www.adllawaz.com/wp-content/uploads/2012/10/Mortgage-Debt.jpg

Mortgage Debt

Since most mortgages are held by married couples, it’s often likely that your spouse will have to continue to pay the mortgage if they want to stay in the home. Other heirs who live in the home may be able to do so as well. The Consumer Financial Protection Bureau has implemented rules to assist surviving family members when a lone borrower dies to protect them from having the loan balance “accelerated” — or due immediately upon the borrower’s death.

Still, if heirs or family members want to keep the home, they will have to be able to afford to do so. And that means they either have to continue making the mortgage payments or refinance the loan into something more affordable. A loan modification is also a possibility, but can be difficult to obtain. Here’s more information about what happens to a mortgage when a borrower dies.

Student Loans

Federal student loans can be canceled upon the death of the borrower. In addition, federal loans typically do not require a co-signer, so there shouldn’t be an issue there. Parent PLUS loans are also typically canceled upon the borrower’s death. However, private student loans are not always canceled upon the borrower’s death, and they usually do require a co-signer, which means a parent, spouse or other co-signer may be held responsible for the loan if the student borrower dies before it is repaid. In fact, some lenders or servicers will accelerate the payment upon the borrower’s death, meaning they expect the balance to be paid immediately. This guide explains what happens to student loan debt after death.

http://efinancialresourcecenter.com/files/2014/07/debt.jpg

Auto Loans

If you don’t own your vehicle free and clear, your auto loan debt could create problems for your loved ones. Again, if there is a co-signer on the vehicle loan, that person will automatically be responsible for the balance. And spouses in community property states may be responsible for the debt as well.

But what if there is no co-signer or spouse who is liable for the debt? Heirs may have a couple of options. One would be for a family member, such as a child, for example, to purchase the vehicle and pay off the debt. Another would be to contact the lender to find out whether it is possible to assume the payments. And the other option would be to return the vehicle to the lender. The lender will then sell it, but if the price they get is less than what is owed, the lender may try to collect the balance from the estate (if there is one).

The IRS Wants Its Share

If a debt is not repaid, or if it is formally canceled due to death, there is another potential complication: taxes. The lender may report that amount on a 1099-C form. Canceled debt is considered taxable income unless the borrower qualifies for an exception or an exclusion. At a minimum, one of these forms may require help from a tax professional to make sure the “income” that results is handled properly on the tax return. Or worse, a co-signer could be saddled with a big tax bill due to this phantom income.

http://debtrelieffinancialservices.com/wp-content/uploads/2014/03/way-out-of-debt.jpg

Protect Those You Love

If you have debts that would be a burden to your loved ones upon your death, try to get adequate life insurance so those debts can be paid off. Most financial experts recommend a term policy rather than credit insurance that only pays off a specific loan; however, if you are uninsurable due to a medical condition, your choices may be limited.

Also double check your insurance beneficiaries periodically to make sure insurance proceeds will go to the person actually responsible for the debt. If, for example, you were married to someone else when you first obtained your life insurance policy and you named them as the beneficiary but never updated it, they will get the proceeds — even if your new spouse is now stuck with debt you’ve incurred recently.

Of course, if you can get out of debt, that’s the best way to ensure your heirs won’t be stuck with your debt when you die.

Cleaning Up a Debt Mess

If a spouse, parent, grandparent or other relative has died recently, the person who is handling the estate (usually called the “executor” or “personal representative”) can order a copy of the deceased’s credit reports to find out which debts are still outstanding. Here’s how to order a credit report for someone who has died. Getting a credit report for someone who is deceased is also important because their information is sometimes stolen to commit identity theft.

While you are at it, it’s not a bad idea to get your own free credit report from all three credit bureaus to see which debts are reported. You can also get your credit score for free, but there really isn’t a point in getting a credit score for the person who is died.

Be very careful about taking money or property that belonged to the person who died if there are debts outstanding. Even if you aren’t personally responsible for those debts, creditors may have a claim on the property of the estate, and may look to you for payment if you took assets out of the estate without following the proper procedures. It’s best to get advice from an estate planning or probate attorney first.

Hydrocarb Energy Announces Engagement of ProActive Capital Group, LLC to Assist with Corporate Awareness


Hydrocarb Energy Announces Engagement of ProActive Capital Group, LLC to Assist with Corporate Awareness

PR Newswire

http://finance.yahoo.com/news/hydrocarb-energy-announces-engagement-proactive-123700085.html

 Hydrocarb Energy Corporation (HECC) today announced the hiring of New York City based ProActive Capital Group, LLC (PCG), a leading capital markets advisory and communication strategies firm, to assist with achieving investor and corporate awareness.

PCG assists emerging and developing companies to achieve financial objectives through active, multi-channel engagement with investors to facilitate dialogue with the investment community and public at large.

“We are familiar with the quality of work and investor access that ProActive Capital provides and believe they are wonderfully suited to deliver our message to the community of investors seeking to profit from the energy sector,” stated Chuck Dommer, President and COO of Hydrocarb. “Their multi-channel approach makes them a good match for our investor awareness needs and we look forward to updating our shareholders as we move ahead.”

“The exploration and production opportunity and tremendous upside available to investors via Hydrocarb’s targeting of major, under-explored oil and gas projects was clear to us from the beginning of our discussions, and we are pleased to be able to bring this opportunity to our community of investors, media, and trade professionals,” commented Jeff Ramson, CEO of ProActive Capital Group. “We look forward to working with their team and broadening and enhancing Hydrocarb’s exposure through our network.”

https://i2.wp.com/www.hydrocarb.com/wp-content/themes/hydrocarb/images/logo.png

 About Hydrocarb Energy

 Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa, production in Galveston Bay, and Oil Field Services in the United Arab Emirates, we maintain offices in Houston, Texas, Abu Dhabi, UAE and Windhoek, Namibia. For further information: www.hydrocarb.com.

Vantage Health Announces Appointment of Edward Rollins, Former Advisor to Four U.S. Presidents, to Its Board of Directors



http://finance.yahoo.com/news/vantage-health-announces-appointment-edward-123000790.html

Vantage Health Inc., (VNTH) (“Vantage Health” or the “Company”) today announced the appointment of Edward Rollins to its Board of Directors.

Mr. Rollins currently serves as a senior advisor for Teneo, a global advisory firm that partners exclusively with CEOs and senior leaders of many of the world’s largest and most complex companies and organizations. Mr. Rollins is an internationally renowned public and corporate relations strategist and well-known political commentator. He has appeared on CNN, Meet the Press, Face the Nation, and many other major network news stations and talk shows. He has advised Fortune 400 chief executives and leaders of major trade associations on corporate reputation, crisis management, advertising, public relations, and governmental affairs.

In addition to his role at Teneo, Mr. Rollins is the senior presidential fellow at Hofstra University’s Center for the Study of the American Presidency in New York, and works for Fox News as a senior political analyst.

Previously, Mr. Rollins advised four United States Presidents. He was the Assistant to the President in charge of the White House Office of Political Affairs and the White House Office of Intergovernmental Affairs and deputy chief of staff during the Reagan administration.

His most prominent role in politics came in 1984, where he managed President Ronald Reagan’s reelection campaign, winning 49 of 50 states. He was the first non-member of Congress to serve as the Chairman of the National Republican Congressional Committee and the Chief Political Advisor to the House Republican Leadership.

In addition to managing President Reagan’s campaign, Mr. Rollins has had major roles in nine other Presidential campaigns. He was also involved in hundreds of campaigns at the state, congressional and local level. Prior to his Washington service, Mr. Rollins was the Republican Chief of Staff and Assistant to the Speaker of the California Assembly.

Mr. Rollins was the recipient in 2010 of the Ellis Island Medal of Honor and was inducted into the Political Consultants Hall of Fame in 2011.

His memoir, Bare Knuckles and Back Rooms, was the number-one selling political book in America in 1996 and made the top of the New York Times best-seller list and every other best seller list.

He is a graduate of California State University, Chico where he was a Varsity athlete, student body president and a nationally top ranked amateur boxer compiling a record of 164 wins and 2 losses. He earned his BA in political science and Physical Education and was the Varsity boxing coach of the team that won the National College Boxing Championship. He did graduate work at Washington University in Saint Louis where he was the Assistant Vice Chancellor for Student Affairs and taught Political Science.

About Vantage Health Inc.

Vantage Health Inc. – a mobile health technology company – is developing personalized and point-of-care screening using Apps based upon chemical sensing residing within a Bluetooth device that works with any smartphone. With its foundations in advanced nanotechnology, the company’s first product, the Vantage Health Sensor, which is in development, is the convergence of nano-electronics, bio-informatics, and wireless technology to create the next generation mobile health application. The first mobile App is expected to be for lung cancer screening with additional mobile healthcare Apps in the planning stages. The company has offices in Redwood City, CA and New York. For more information, please visit http://www.vantagehealthinc.com

NXT-ID, Inc. Names Vice-President and Chief Financial Officer


NXT-ID, Inc. Names Vice-President and Chief Financial Officer


http://finance.yahoo.com/news/nxt-id-inc-names-vice-120000103.html

NXT-ID, Inc. (Nasdaq:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market, today announced that Vincent S. Miceli has been named the Company’s Vice-President and Chief Financial Officer effective immediately. Mr. Miceli replaces Gino Pereira as Chief Financial Officer. Mr. Pereira will continue to serve as the Company’s Chief Executive Officer and as a Director.

Mr. Miceli, age 56, has extensive hands on experience in financial and operational management and business leadership in both substantial private and public companies. He is also experienced with working with public company Boards of Directors, as well as financial institutions. Mr. Miceli was the Vice-President and Chief Financial Officer/Treasurer of Panolam Industries International, Inc., a company which primarily designs, manufactures and distributes decorative and industrial laminates, from May 2006 to mid-December 2013. Prior to that, Mr. Miceli was the Chief Financial Officer and Corporate Controller of Opticare Health Systems, Inc., a public company which provides integrated eye care services, from 2004 to 2006. Prior to 2004, Mr. Miceli held senior accounting positions at Amphenol Corporation and United Technologies, Inc. Mr. Miceli holds a BS in accounting from Quinnipiac College, an MBA, with a concentration in Finance, from the University of Hartford and he is an affiliate member of both the AICPA and the CT Society of Certified Public Accountants.

“Vin’s extensive experience with larger reporting companies will help us to develop appropriate internal controls and reporting systems as we look to rapidly scale the activities of NXT-ID” said Gino Pereira, CEO of NXT-ID. “His contribution to our structure will be invaluable in a rapidly growing company such as ours.”

About NXT-ID

NXT-ID’s 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 led by the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com

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: http://www.nxt-id.com, http://3d-id.net.

For more information, please visit:
http://www.nxt-id.com.

NWTR to Aquire Island Energy Partners, LLC


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New Western Energy Corporation
(Otc: NWTR)

New Western Energy (NWTR) to Acquire  Island Energy Partners, LLC

New Western Energy Corporation (NWTR)

NWTR acquires land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States.

Our strategy creates value for our assets and shareholders through:
  • Property portfolio management
  • Further exploration of existing properties
  • Pursuit of strategic transactions
  • Maintenance of financial flexibility
  • Strategic alignment
Strategic Partnerships:

“Our Strategy Creates Value for our Assets & Shareholders”



Royal Texan Energy Co. (wholly-owned subsidiary)

New Western Energy acquired 100 percent of Royal Texan Energy Co. in January 2012.

Petroleum Energy Management Co. (“PEMCO”)

PEMCO was formed in 2004 to work within the mid-continent marginal well market. PEMCO’s team is comprised of oil and gas industry veterans with 65-years of combined experience in petroleum geology and engineering, well stimulation, drilling, and oil recovery. PEMCO also works with its clients to manage day-to-day operations of leases, develop growth strategies, and evaluate potential acquisition opportunities. PEMCO manages the day-to-day operations at the Company’s leaseholds in Oklahoma.

Carroll Energy, LLC

Carroll Energy, LLC, Independence, Kansas, is a family-owned company with over 30 years of experience in the oil and gas industry led by Terry Carroll Sr. who has supervised and provided daily management and operations for numerous oil and gas companies, partnerships and private investors involved in the drilling and completing of thousands of wells, constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities, cumulatively producing more than 15 BCF of gas and 750,000 BBLs of oil.
“Our current leaseholds are situated in
areas in the United States known for the discovery and production of oil and natural gas.”

New Western Energy Corp. (NWTR) | Projects:

Since its inception, New Western Energy Corp. has acquired working interests in several producing oil wells in the Gulf States, and is in negotiations to acquire land leases for additional properties that have shown favorable characteristics for the discovery of oil, natural gas and other minerals.
Our current leaseholds are situated in areas in the United States known for the discovery and production of oil and natural gas.
Oklahoma

Glass     Phillips     Jackson     Anna      Everett     Kerrigan     Calvin / Jameson
Thomas      Winchester    Winchester II     Acro / Selby

Kansas

B&W Ranch      Fields     Smith     Rinck     Farwell     Landers    Voulnteer
Pennsylvania

“We are pleased and excited to move ahead with our plans to expand into Rio Vista. We look forward to completing our due diligence and to begin completion of all current wells and expanding the IEP operations”
New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC

New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC (“IEP”). IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.
The Rio Vista Gas Field is a large natural gas field in the Sacramento–San Joaquin River Delta in northern California, adjacent to Rio Vista, California. Discovered in 1936, and in continuous operation since, it has produced over 3.6 trillion cubic feet (100 km3) of gas in its lifetime, and retains an estimated reserve of approximately 7 trillion cubic feet by the USGS. Spanning portions of three counties, it is the largest natural gas field in California and one of the fifteen largest in the United States. New Western plans to complete existing and multiple virgin producing zones in an initial 11 well project that can be expanded throughout the field. Current non-treated wells are producing approximately 400mcf/day, which is expected to increase after completion and treatment. Current marketing contracts are with PG&E.
“We are pleased and excited to move ahead with our plans to expand into Rio Vista,” said Javan Khazali, President and CEO of New Western Energy Corporation. We look forward to completing our due diligence and to begin completion of all current wells and expanding the IEP operations,” he added.
The Rio Vista Gas Field in California
has 15 producing wells of interest on leases comprising 1300 acres, it has produced over 3.6 trillion cubic feet (100 km3) of gas in its lifetime, and retains an estimated reserve of approximately 7 trillion cubic feet by the USGS.
New Western Energy Corporation
(Otc: NWTR)

Please Visit the Company Website at:
http://newwesternenergy.com/

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New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC


New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC

New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC (“IEP”). IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.
The Rio Vista Gas Field is a large natural gas field in the Sacramento–San Joaquin River Delta in northern California, adjacent to Rio Vista, California. Discovered in 1936, and in continuous operation since, it has produced over 3.6 trillion cubic feet (100 km3) of gas in its lifetime, and retains an estimated reserve of approximately 7 trillion cubic feet by the USGS. Spanning portions of three counties, it is the largest natural gas field in California and one of the fifteen largest in the United States. New Western plans to complete existing and multiple virgin producing zones in an initial 11 well project that can be expanded throughout the field. Current non-treated wells are producing approximately 400mcf/day, which is expected to increase after completion and treatment. Current marketing contracts are with PG&E.
“We are pleased and excited to move ahead with our plans to expand into Rio Vista,” said Javan Khazali, President and CEO of New Western Energy Corporation. We look forward to completing our due diligence and to begin completion of all current wells and expanding the IEP operations,” he added.

About New Western Energy Corp.

New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. To learn more about the Company, visit: www.newwesternenergy.com.

New Western Energy (otc: NWTR) Hires CC Colburn as Senior Advisor to the Board, Acquisitions


New Western Energy (otc: NWTR) Hires CC Colburn as Senior Advisor to the Board, Acquisitions

 http://finance.yahoo.com/news/western-energy-hires-cc-colburn-133000068.html

IRVINE, Calif., Sept. 11, 2014 (GLOBE NEWSWIRE) — New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has hired CC Colburn, as Senior Board Advisor, Acquisitions and Divestures. Mr. Colburn will be responsible for identifying acquisitions, financing and technical oversight and support through his firm, Geo Reserves.
Mr. Colburn is a focused and profit-driven executive with over 30 years experience in the energy production and drilling technology business. He has practical experience in and a solid understanding of a diverse range of business management applications, including profit and loss, staffing and delivery models, team building, and has consistently made significant contributions to corporate goals.

“We are delighted to welcome Mr. Colburn to our team as a key step in our growth strategy,” said Javan Khazali, President and CEO of New Western Energy Corporation. “His expertise will play a vital role in the identification and development of exciting opportunities,” he continued.

“I am very pleased to join New Western Energy to serve as Senior Board Advisor, Acquisitions and Divestures,” said CC Colburn. “My background and expertise in identifying and developing JV’s and other synergistic projects will serve to help New Western expand its growth,” he added.

From 1978 to 1981 Mr. Colburn was responsible for supporting Mr. Keplinger at Keplinger and Associates as his Corporate Coordinator in the formation of U.S. Government business and assisted designated clients throughout the company system. He also procured a $30 million D.O.E. contract as technical support contractor to the Bartlesville Technology Center for Enhanced Recovery. He was responsible for the evaluation of the Strategic Petroleum Reserve, corporate expansions/acquisitions for U.G.I Corporation, and drilling and prospect evaluations for many independents. Mr. Colburn served on the Board of Directors for Ralph E Davis Inc. 2001-2004 and was responsible for opening their Pittsburgh office for concentration in the Appalachian Basin. Ralph E. Davis is the oldest petroleum-engineering firm in North America. In addition Mr. Colburn served on the U.S. Congressional Advisor board in matters relating to the energy during the Regan and Bush Senior Presidential terms. In 1981, he started Colburn Energy Companies, which was responsible for drilling and producing as the operator over 400 wells in Texas, Oklahoma, Kansas and West Virginia. The company developed $180 million PV 10 reserve base on $60 million CAPEX. Mr. Colburn sold the company in 1986 to American Resources. From March 1987 to the present, Mr. Colburn was responsible for advising and creating new business units and finance support for a multitude of companies in energy, media, and entertainment. He formed JV with Halliburton Energy Services (Integrated Solutions) for the purpose of regionally interpreting the BAT to be utilized through the entire Appalachian Basin, developed JV for Petrostar with Perm Russia for Paraffin enhancement and participated in JVs in several U.S. Basins. Since 2001, Mr. Colburn has been responsible for high-level executive and technical consulting for CONSOL Energy, CNX Gas, Chevron, Dominion Resources, Peabody Coal, EOG Resources, Range Resources, Emerald Oil and Gas, Bathurst Resources, Texas Keystone, Delta Petroleum, Equitable Resources, Devonian Resources, Lexington Coal, BCL Partners, Halliburton, Precision Drilling, Miller Energy Resources, among others.

Charles received a BS degree in Geology from George Washington University, Washington, D.C. and his graduate program from Colorado School of Mines.

About New Western Energy Corp.

New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America.
To learn more about the Company, visit:

NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling


NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling

http://finance.yahoo.com/news/nxt-id-nxtd-research-note-123500067.html

http://finance.yahoo.com/news/nxt-id-nxtd-research-note-123500067.html

BOSTON, Sept. 26, 2014 /PRNewswire/ — SoundView Technology Group issues a new research note following recent industry developments, recent uplisting to NASDAQ and funding for NXT-ID Wocket smart wallet. NXT-ID, Inc. (NXTD) is a biometric authentication company focused on the growing mobile commerce market.

We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.

NEW FUNDING KEEPS WOCKET ROLLING

KRIS TUTTLE, SEPTEMBER 26, 2014

Company Update

NXT-ID (NXTD) recently completed a financing which has enabled them to begin trading on the NASDAQ and provides finding for the upcoming launch of their smart wallet solution called the Wocket™. We’ve been covering NXT-ID and the developing Wocket franchise for a while now (original research note attached) and the commercial launch of the Wocket is coming at a time when consumer interest in secure smart wallets is reaching a fevered pitch. The biggest recent catalyst in the space is the Apple announcement of Apple Pay. Apple Pay will usher in real adoption of digital payments by consumers just as the iPod did for digital music.

But Apple Pay is only for digital payments and doesn’t cover other aspects of wallets (prepaid cards, loyalty cards, etc.) plus it’s limited to iPhone and Apple iTunes users. A large part of the market, perhaps the largest, will be found among consumers who either can’t or won’t soon use their smart phone as their hub for payments and finance. Simple factors like limited acceptance, privacy, security, and battery life are the most obvious reasons not to rely on a phone-based solution.

We know that the NXT-ID Wocket is the best smart wallet we have seen so far and they are now on course to penetrate this market and grow volumes in 2015. It’s easy to find sexy alternatives with slick videos like Coin but after the hype fades the company fails to ship and soon disappears. There are a million miles between a video demo and a shipping product at scale that consumers love.

What we don’t know yet is how steep the adoption curve of the Wocket will be and how well NXT-ID will be able to meet demand.  What we do know is that the recent financing has enabled NXT-ID to order the key components needed for the commercial launch later this year. They will also be ramping up their visibility and gathering more pre-orders over the next few months. This will culminate with a combination of the first large batch of shipments and reviews closely followed by a company debut at the big CES event in early January.

Conclusion

With several positive catalysts ahead and a notable stock drop on fears that the financing would not be done give investors an opportunity here. We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.

Our full update is available for download here:

http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_Update_Report_Sept_2014_PUB.pdf

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.