Green Cures Announces Acquisition of Hemp Shisha


Green Cures Announces Acquisition of Hemp Shisha

Accesswire

WINNETKA, CA / ACCESSWIRE / August 27, 2015 / Green Cures & Botanical Distribution Inc. (OTC PINK: GRCU), a cannabis and industrial hemp products innovator announced today the acquisition of Hemp Shisha.

Hemp Shisha is a Premium CBD E-liquid that is infused with C02 Extracted Hemp Oil, USP Vegetable Glycerin, Propylene Glycol & Food Flavoring. Hemp Shisha E-liquids have been designed for E-hookah heads and they work with any of the current tanks or traditional cartomizers on the market.

Hemp Oil products contain naturally occurring Cannabidiol (CBD) from Hemp. Cannabidiol is a legal non-psychotropic constituent of the Industrial Hemp Plant. Hemp Shisha products are legal to consume in the U.S. and in many other countries without a prescription. Hemp Shisha does not distribute or sell any unpermitted substances by the United States Law or Controlled Substance Act.

Management of the company anticipates that the online consumers, who are at least 18 years of age, will be able to purchase Hemp Shisha products at different online retail outlets, and hookah shops in the very near future. Currently, Green Cures is in the process of submitting an application for protection of the brand Hemp Shisha, with the United States Patent and Trademark Attorney. For more information about Hemp Shisha, the company invites the public and the investment community to visit http://www.hempshisha.com.

The company will provide additional updates as they become available.

About Green Cures & Botanical Distribution Inc.:

Green Cures & Botanical Distribution Inc. is a development stage company that retails and wholesales hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures & Botanical Distribution Inc. operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures & Botanical Distribution Inc. is continuously creating and introducing products that promote a healthy life style.www.gcbdinc.com

FDA Statement: The statements contained in this document have not been evaluated or approved by the FDA. The products and statements referenced in this document are not intended to diagnose, treat, cure, or prevent any disease.

Green Cures Announces Reduction of Authorized Shares


Green Cures Announces Reduction of Authorized Shares

WINNETKA, CA / ACCESSWIRE / August 21, 2015 /

Green Cures & Botanical Distribution Inc. (PK: GRCU), a cannabis and industrial hemp products innovator, announced today the company has completed and filed a reduction in authorized common stock by 300,000,000 (three hundred million). In addition, the company announced that it has uploaded the second quarter financials for the period ended June 30 2015, to the OTC Markets Website.

Management of the company determined that it was in the best interest of the Corporation and its shareholders to amend and reduce the authorized common stock. Therefore, on August 20, 2015, the company filed an amendment with the state of Colorado to decrease the authorized capital stock of the Corporation from 2.5 billion shares of Common Stock to 2.2 billion shares of common stock.
Green Cures will continue to aggressively execute plans to improve balance sheets and the capital structure of the company. The goal is to bring stable growth and consistency to meet anticipated financial requirements of potential new investors, and potential joint venture partners. In doing so, Green Cures will continue taking steps to improve the share structure of the company, by eliminating certain classes of preferred stock, starting with Series G which accounts for up to 40,000,000 (forty million) shares of the company’s common stock.

Romeo O. Cruz, the company’s Interim CEO stated today “I am pleased to be taking these steps towards building a stable foundation for Green Cures and its shareholders.” He went on to further state, “As we continue to make progress, I will update all shareholders with additional information as it becomes available.”

About Green Cures & Botanical Distribution Inc.: 

Green Cures & Botanical Distribution Inc. is a development stage company that retails and wholesales hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures & Botanical Distribution Inc. operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures & Botanical Distribution Inc. is continuously creating and introducing products that promote a healthy life style.
www.gcbdinc.com

All-new Ford Shelby® #GT350R Mustang Roars Off the Line at Flat Rock Assembly Plant


All-new Ford Shelby® #GT350R Mustang Roars Off the Line at Flat Rock Assembly Plant
The new GT350R Mustang is the most athletic Mustang ever, designed to tackle the world’s most challenging …

FLAT ROCK, Mich.–(BUSINESS WIRE)–

One of the most iconic performance Mustang nameplates of all time the all-new Shelby® GT350R roared off the line today at Ford’s Flat Rock Assembly Plant. The new GT350R Mustang is the most athletic Mustang ever, designed to tackle the world’s most challenging roads and race tracks while creating an exhilarating experience for the driver.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150820005874/en/

“This is a special day for all Mustang enthusiasts,” said Bill Ford, executive chairman, Ford Motor Company. “We have taken the GT350 formula to the next level of innovation, style and performance. Today the legend continues.”

Click here for more information on the all-new Shelby® GT350 and GT350R Mustang.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.

NXT-ID, Inc. Joins Smart Card Alliance and EMV Migration Forum


NXT-ID, Inc. Joins Smart Card Alliance and EMV Migration Forum

Wocket Smart Wallet Prepares for EMV

PR Newswire

OXFORD, CT., Aug. 20, 2015 /PRNewswire/ —

NXT-ID, Inc. (NXTD) (“NXT-ID” or the “Company”), a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet, announces it has joined The Smart Card Alliance and the EMV Migration Forum.

Joining the Smart Card Alliance and the Smart Card Alliance Latin America (SCALA) Chapter provides NXT-ID, Inc. direct access and visibility to industry peers and thought leaders promoting adoption of smart card technology.

To further build upon its position in the evolving payment industry NXT-ID has also become a member of the EMV Migration Forum.

Gino Pereira, Chief Executive Officer of Nxt-ID. Inc. said, “As we prepare Wocket for the introduction of EMV chip cards and other digital payment technologies, we are looking forward to contributing to these two important associations at the forefront of next generation payments. One of the advantages of Wocket’s flexible platform is that we are able to accommodate new payment technologies as they emerge.”

The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.

Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. http://www.smartcardalliance.org.
The EMV Migration Forum is a not-for-profit, cross-industry body focused on supporting alignment of the EMV implementation steps required to ensure a successful move from magnetic stripe technology to EMV contact and contactless technology in the United States.   http://www.emv-connection.com

NXT-ID, Inc is also a member of The FIDO (Fast IDentity Online) Alliance.

(http://www.fidoalliance.org/).

Wocket® is the smartest wallet you’ll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology.  Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.
All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®.

Buy Wocket® for $179 at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Product images are available for media at: http://press.nxt-id.com

About NXT- ID Inc. – Mobile Security for a Mobile World: (NXTD)

NXT-ID, Inc.’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 Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode. http://www.wocketwallet.com/
NXT-ID’ 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/

Green Cures & Botanical Distribution Inc. Provides Corporate Update


Green Cures & Botanical Distribution Inc. Provides Corporate Update

Accesswire
WINNETKA, CA / ACCESSWIRE / August 20, 2015 /
 Green Cures & Botanical Distribution Inc. (GRCU), a cannabis and industrial hemp products innovator, announced today that Interim Chief Executive Officer, Romeo O. Cruz issued a letter to the investment community and provided a corporate update regarding the company’s direction, and current operations.
“I would first like to begin by thanking all of our loyal consumers, business partners, shareholders and the investment community for their continued support, which plays a significant role in the future growth and success of our company.
“We have been aggressively working towards bringing in strategic alliances, which we believe will help our company ascend to another level. It has been my top priority to bring stable and positive growth to Green Cures, along with, our shareholders, and I believe we have made significant progress in doing just that. We are aligning ourselves with industry professionals, who bring with them years of experience in industries and areas required to strengthen our foundation, as well as the knowledge needed for consistent revenue generation. As acting CEO, we are at a very pivotal and exciting moment of this rapidly growing industry, and I look forward to a very profitable ride,” stated Green Cures Interim CEO, Romeo O. Cruz.
Products labeled Green Cures:
Currently, new and improved products labeled Green Cures are being completed, and are in final labeling stages to be ready for marketing and distribution. At the present time, brand development and marketing experts are in the process of redesigning the labeling of Green Cures’ products. Management of the company believes that the new design and labeling of Green Cures Hemp Extract will facilitate the marketability, product placement, and distribution of its hemp-derived products labeled Green Cures. The company anticipates that the consumers will have the option to purchase Green Cures Hemp Extract in different flavors and potency levels such as, 100 mg, 200 mg, 500 mg, and 1500 mg of hemp extract CBD.
Marketing & Distribution Program:
Green Cures & Botanical Distribution Inc., is pleased to announce that it has teamed up with Monster Marketing Group Inc., a subsidiary of New Generation Consumer Group Inc., another publicly trading company, under symbol NGCG. Green Cures and Monster Marketing Group are gearing up to launch numerous aggressive marketing and promotional campaigns, and programs for selected company products. Monster Marketing is a company dedicated to providing marketing services to companies as well as product concept development, and brand management. With the assistance of Monster Marketing Group, Green Cures plans to expand brand recognition of their unique products nationally, and in numerous consumer markets.
Executive Team:

Management of the company is in the process of appointing additional officers to its executive team and Board of Directors. Upon the finalization of the new Board of Directors and complete list of Officers, the company plans to announce publicly all names of the management team. Green Cures plans to appoint industry professionals to their executive team, who are seasoned in managing marketing firms, experienced with publicly trading companies, financing, as well as product development and implementation.

Quarterly Financial Report for the Period Ending June 30, 2015:

The Quarterly Financial Report and Disclosure for the period ending June 30, 2015 is in the process of being completed; the company anticipates that this report will be uploaded to the OTC website on or before August 21, 2015.

Share Structure Information:

The company would like to inform to the public and the investment community that there are no plans to increase the number of authorized shares of the common stock of the company. Additionally, the company does not plan to conduct any reverse stock split, for the remaining of the year 2015. As of the date of this announcement, the total number of authorized shares by the company is 2.5 billion, while the current issued and outstanding share count is an approximate of 1.91 billion. On July 1, 2015, Green Cures & Botanical Distribution issued 100,000,000 shares of the Company’s restricted common stock to the controlling entity of the Company, Green Cures Inc. These shares are being held by the controlling entity, to provide Green Cures & Botanical Distribution Inc., flexibility for future potential capital raising transactions that may be needed for the Company’s upcoming projects or acquisition, when applicable.
Outstanding Debt:
On August 10, 2015, the company made one partial payment, to a corresponding Government agency, for an outstanding tax liability, which was previously announced on May 19, 2015. Effective July 28 2015, one hundred and fifteen thousand, two hundred and seventy four dollars ($115,274) were removed from the company’s liabilities. The Company, at the request of the long term investor, agreed to amend any unconverted note that was due and outstanding. The number of Payment Shares issued to the long term investor upon conversion of the outstanding notes was determined by dividing the principal amount of the Notes, together with all accrued and unpaid interest, by the closing bid price of the Borrower’s common stock on the business day immediately prior to the date of the conversion.
In closing, the company will provide additional updates as they become available.
About Green Cures & Botanical Distribution Inc.:
 Green Cures & Botanical Distribution Inc. is a development stage company that retails and wholesales hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures & Botanical Distribution Inc. operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures & Botanical Distribution Inc. is continuously creating and introducing products that promote a healthy life style.

www.gcbdinc.com

FDA Statement: 

The statements contained in this document have not been evaluated or approved by the FDA. The products and statements referenced in this document are not intended to diagnose, treat, cure, or prevent any disease.

New Wave Holdings, Inc.’s SchoolFuel Selects Market Leading Program Manager for SchoolFuel


New Wave Holdings, Inc.’s SchoolFuel Selects Market Leading Program Manager for SchoolFuel

Marketwired

LAS VEGAS, NV–(Marketwired – Aug 18, 2015) –

New Wave Holdings, Inc. (OTC: NWAV) announces today that it has received an LOI from a leading provider of financial, mobile and payment technology solutions to move forward as the Program Manager for SchoolFuel.

The Company plans to sign this week, after which it will announce accountable details to shareholders toward a long-awaited card launch for the SchoolFuel program, along with strategic partners the program manager has identified as dynamic complements to the card Program, including additional profit centers.

SchoolFuel is described as “scrip on steroids,” and streamlines existing scrip provider platforms that, over the past 20 years, have seen over $9 billion in retail sales and nearly half a billion dollars donated to schools.

SchoolFuel provides parents and faculty with a Network Co-Branded Prepaid Reloadable Debit Card, allowing a donation to be effected with each and every swipe of the card, regardless of where it is used. The SchoolFuel card will also provide retailer discounts and value-added benefits to its cardholders, making it a one-of-a-kind tool.

This program manager is not one that uses vendors supported by The Card Collaborative International (“TCCI”), a Company founded by Shawn Carden, a Prepaid Industry Executive announced earlier this year as NWAV’s CEO.

As a result, to avoid any conflict of interest with TCCI’s other clients, Mr. Carden will no longer serve as CEO for New Wave. Chairman Newbauer will serve as interim CEO until a new CEO who specializes in the payments industry is selected by the Board.

The Company will proceed with its application under the new Program Manager’s guidance and expects to receive a definitive launch date for the program once the application is completed
“We are thankful for the understanding and patience shown by our long-term shareholder base as the most exciting times are yet to come,” states Newbauer.

“Launching this program has been no small feat, but we will proceed with the LOI and application immediately, and launch this program. My hope is that each and every shareholder will also become a SchoolFuel cardholder so that you can witness the power of this program with each and every swipe!”

The Company will also upload its Q2 reports to OTC Markets by end of week.

New Wave Holdings is a Holding Company focused in electronic payment services and solutions with a focus in bringing innovative prepaid programs to market. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.

NXT-ID, Inc. Launches Sales Campaign for Q4 Holiday Season With Award Winning Marketing Team for Its Biometric Smart Wallet, ‘Wocket’


NXT-ID, Inc. Launches Sales Campaign for Q4 Holiday Season With Award Winning Marketing Team for Its Biometric Smart Wallet, ‘Wocket’

Marketwired

OXFORD, CT–(Marketwired – August 18, 2015) – NXT-ID, Inc. (NXTD) (“NXT-ID” or the “Company”), a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet, announces its new sales campaign for Q4 2015. The new marketing campaign is being spearheaded by an award winning marketing team consisting of Amplitude Marketing Group (http://amplitudemarketing.com/) and TPMG (http://tmpg.com/).

Amplitude Marketing Group is a full service marketing agency specializing in Branding and Identity, Retail-Driven Marketing, Brand Experiences, and creative/design services. Their client list includes PepsiCo, Pure Leaf, Lipton, Blount Fine Foods, PRAI Beauty and Schick/Edgewell Personal Care.
TPMG is a multi-award winning marketing agency that has launched campaigns for companies including Harley-Davidson, Dish and Oscar Mayer.

The marketing and brand awareness campaign for Wocket will kick off the week of August 17th and run through the holiday retail sales season and follow into January 2016 with the annual Consumer Electronics Show (CES).

Gino Pereira, Chief Executive Officer of NXT-ID, Inc. said, “Having shipped initial quantities of Wocket and refined our production and supply chain, we are gearing up for the holiday season. We have retained some of the best marketing talent in the industry to brand Wocket as ‘the smartest wallet you will ever own’ and to spread broad awareness about the product. Getting the right message to the right consumers is imperative.”

He went on to say, “We have listened to consumer feedback about Wocket and adjusted the retail pricing and made some software upgrades to ensure that we are offering the best product at the best price as we head into the holiday season. We have also made significant inroads into developing strategic relationships with well-known retailers to carry the Wocket smart wallet this fall, and we are confident and prepared as we expand into full retail rollout of Wocket for the holiday season.”

About NXT-ID Inc. — Mobile Security for a Mobile World: (NXTD)

NXT-ID, Inc.’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 Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode. 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/.
Buy Wocket® for $179 at www.wocketwallet.com.
See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq.
Product images are available for media at: http://press.nxt-id.com.

Feds allow Shell to drill for oil in Arctic Ocean off Alaska


Feds allow Shell to drill for oil in Arctic Ocean off Alaska

 

FILE - In this April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of the Transocean Polar Pioneer, a semi-submersible drilling unit that Royal Dutch Shell leases from Transocean Ltd., as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific before its eventual Arctic destination. The U.S. government on Monday gave Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska's northwest coast for the first time in more than two decades.  (Daniella Beccaria/seattlepi.com via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT
In this April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of the Transocean Polar Pioneer, a semi-submersible drilling unit that Royal Dutch Shell leases from Transocean Ltd., as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific before its eventual Arctic destination. The U.S. government on Monday gave Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades. (Daniella Beccaria/seattlepi.com via AP, File)

The federal government on Monday gave Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades.

The Bureau of Safety and Environmental Enforcement announced that it approved the permit to drill below the ocean floor after the oil giant brought in a required piece of equipment to stop a possible well blowout.

The agency previously allowed Shell to begin drilling only the top sections of two wells in the Chukchi Sea because the key equipment, called a capping stack, was stuck on a vessel that needed repair in Portland, Oregon.

Because the vessel arrived last week, Shell is free to drill into oil-bearing rock, estimated at 8,000 feet below the ocean floor, for the first time since its last exploratory well was drilled in 1991.
“Activities conducted offshore Alaska are being held to the highest safety, environmental protection, and emergency response standards,” agency Director Brian Salerno said in a statement Monday. “We will continue to monitor their work around the clock to ensure the utmost safety and environmental stewardship.”

The Polar Pioneer, a semi-submersible drilling unit that Shell leases from Transocean Ltd., began work July 30 at Shell’s Burger J site. It completed what’s called a mud-line cellar, a 20-by-40-foot hole at the top of the well that will hold a blowout preventer, and continued drilling into rock above the petroleum-bearing zone.

Shell spokesman Curtis Smith said it’s possible Shell will complete a well this summer. But he declined to say how deep the Polar Pioneer has drilled or exactly when drill bits might enter the petroleum-bearing zone.

“It’s information that we consider proprietary and therefore not something we would release,” Smith said. He added safe operations will determine progress.

Environmental groups oppose Arctic offshore drilling, saying industrial activity will harm polar bears, Pacific walrus, ice seals and threatened whales already vulnerable from climate warming and shrinking summer sea ice. They say oil companies have not demonstrated that they can clean up a spill in water choked by ice.

Sierra Club executive director Michael Brune said in a statement that President Obama’s decision to grant Shell the final drilling permits goes against science, the will of the people and common sense.
“Granting Shell the permit to drill in the Arctic was the wrong decision, and this fight is far from over,” he said. “The people will continue to call on President Obama to protect the Arctic and our environment.”

The U.S. Geological Survey estimates that U.S. Arctic waters hold 26 billion barrels of recoverable oil, and Shell is eager to explore in a basin that company officials say could be a game-changer for domestic production.

Shell bid $2.1 billion on Chukchi Sea leases in 2008 and has spent upward of $7 billion on exploration there and in the Beaufort Sea off Alaska’s north coast.

Shell hopes to drill two exploration wells during the short 2015 open-water season. It has until late September, when all work must stop. It has two drill vessels and about 28 support vessels in the Chukchi Sea.

The permit to drill deep into the ocean hinged on the arrival of a capping stack, which is a roughly 30-foot device that can be lowered over a wellhead to act like a spigot to stop a blowout. The government requires Shell to have the device ready to use within 24 hours of a blowout.

The capping stack sits on a 380-foot icebreaker that suffered hull damage July 3 as it left Dutch Harbor, a port in the Aleutian Islands. The vessel named the Fennica was repaired in Portland, Oregon, and briefly delayed from leaving July 30 by Greenpeace protesters in climbing gear hanging from a bridge over the Willamette River.

The Fennica reached the drill site 70 miles off Alaska’s northwest coast on Aug. 11.

New Generation Consumer Group Announces Open Letter to Shareholders


New Generation Consumer Group Announces Open Letter to Shareholders

WHITTIER, CA–(Marketwired – Aug 17, 2015) – New Generation Consumer Group (OTC PINK: NGCG)

Dear Shareholder:

These past several months have been very fast paced, yet exciting. We have come a long way in a short period of time and our momentum is still building. I’m very pleased with where we are, given NGCG is just over eight months old. The team has accomplished a great deal in this short period of time, and I’m impressed with the direction and progress we have made and continue to make.
As I have previously stated, part of our business model is our performance with purpose. We truly see that as our catalyst for our success. We are true innovators and given the many years of experience from our executive team, we have the ability to bring sound knowledge and a distinguished competitive edge that is far more superior than our competitors. We are a true powerhouse in this rapidly growing, and evolving industry.

New Generation Consumer Group is dedicated to building our brands and developing their individual lines for stable and solid growth. We will continue to do it responsibly and strategically to aid in maintaining a solid base which will assist with creating generous revenues; strengthening shareholder value.

With expectations and demands being at an all time high, consumers are provided with many choices. Management has been devoted to creating and providing superior consumable products, and refuse to settle for anything less. We will continue to roll out our product lines in a healthy way to support revenue for additional growth.

Moving forward, management will continue to remain vigilant to performance, consistent growth and maintain our drive to deliver a superior level of products and service.

New Generation Consumer Group is actively working with additional distribution avenues. These alliances will be a huge addition to NGCG, and are underway. We will share with you this exciting information as we continue to move forward, and release information as we can.

Lastly, I would like to inform you that our JV agreement is still in motion. As of this date, we are still on schedule to release the pertinent information as previously promised.

We appreciate all your continued support and loyalty, and look forward to a very successful and exciting second half.

About New Generation Consumer Group, Inc.

New Generation Consumer Group, Inc. (OTC PINK: NGCG) is a marketing and media company that currently operates through four separate divisions: Mucho Macho, VIP Spirits, Monster Marketing, and our Snack Division. Mucho Macho features Mucho Macho Michelada Mix as its featured product. Our VIP Spirits Division will feature Excuse as our premium liqueur brand. Our initial alcohol product will be a Top Shelf Liqueur infused Premium Imported Vodka in a variety of different flavors, followed by Excuse Whiskey. Monster Marketing provides graphic design, web development, and brand management, in addition to other various services to its clients to help them gain more customers, increase sales, aid in selling products and services and or to create brand awareness. Our snack division brings consumers spicy and intense flavoring of noticeable quality for today’s particular tastes.

 Additional information may be found at:   http://www.newgencg.com, https://www.facebook.com/muchomachomichelada, or https://twitter.com/MuchoMachoMiche.

SoundView Technology Group Issues NXT-ID (NXTD) Update; Major Progress Now On Sale


SoundView Technology Group Issues NXT-ID (NXTD) Update; Major Progress Now On Sale

BOSTON, Aug. 11, 2015 /PRNewswire/ — SoundView Technology Group (http://soundview.co) releases the following market and company update for NXT-ID, Inc. (NASDAQ: NXTD).
Market & Company Update
Summary
This season is famously bad in terms of liquidity in the stock market and especially for smaller, already thinly-traded issues. Since successfully launching their secure digital Wocket and raising capital to fund marketing and production expansion for the upcoming holiday season shares of NXTD have been cut in half since our last published update in June
Part of the reason for the recent decline appears to be a direct result of a “sell” rating put on the shares by Zacks. It’s important to realize that the Zacks system is driven by a set of quantitative and backward-looking metrics. Their ratings are not based on what we would call traditional research into what future business trends will be. Methods like the one Zacks uses can be useful for well established companies like GE or Oracle but are worse than useless for emerging growth companies.
The situation is especially compelling given that NXT-ID remains precisely on the plan we dialed into to our estimates this year and next which feed directly into our Intrinsic Valuation (IV) value of $7.47/share. There are certainly some potential near-term events like distribution partnerships that we have not factored into our numbers as of yet.
What follows is a more detailed account of company progress in Q2, the plans and outlook for Q3 and Q4, the terms of the capital raise and adjustments to our IV model based on them.
Recent Results
The most significant accomplishment in Q2 was shipping the first batch of pre-orders. The company will recognize some revenue ($110K) for the quarter with the rest falling into Q3 due to the 2 week return period. Production level Wockets are in the field and being used. Initial indications are for an 80% success rate which is very good given the incredible diversity of POS devices and terminals. The company expects to get this up closer to 90% with some tweaks and software updates.
The second major hurdle cleared recently was obtaining the financing needed to fund the marketing and increased production required to be ready for the upcoming holiday shopping season. NXT-ID completed a $3 million equity capital raise that provides sufficient funding to ramp up production and marketing of the Wocket. The capital raise included 1,72 million shares of common stock at $1.75 per share as well a private placement of 860,716 warrants to purchase shares of common stock at an exercise price of $2.35 per share. If exercised NXT-ID would receive another $2M in funding,
Although nothing has been announced the management team has been working through a number of potential distribution arrangements and becoming operationally ready to be able to run at a 10,000 unit per month delivery rate.
One stealthy but potentially important note on recent results was the filing for a patent covering “Crypto-Currency Management” which isn’t a near-term driver but as the momentum behind blockchain-based technology keeps expanding the ability to address non-traditional digital currency will be important. (see further blockchain-related comments in the market section below.)
Market Update
The digital payments space has remained a hotbed of activity with PayPal now a separate public company (NASDAQ: PYPL) and Visa (NYSE: V) teaming up and funding Stripe. The proliferation of devices that can tie into future payment systems (like the Apple Watch and Moto 360) helps justify infrastructure updates that will make payments easier across a broad array of types – from cards to Wockets to phones to watches.
EMV has been in the news and NXT-ID has been planning for it for a long time. In order to fully support EMV the Wocket will be upgraded to include EMV and NFC technologies. It will take EMV quite some to roll out to the masses of terminals out there so an upgraded Wocket later this year will enable consumers to use these terminals when they begin to encounter them.
We’ve seen an explosion of activity around generalizing the blockchain technology underlying Bitcoin for all sorts of transactional applications. It may help legitimize usage. Although the Wocket isn’t about Bitcoin per se it’s in a good position to help consumers who want to use Bitcoin or other digital currencies.
Anecdotally we noted more “Bitcoin accepted here” signs on Cape Cod this summer. We made some inquiries and although usage is not commonplace in general more travelers are using Bitcoin as a kind of standard currency when they can. Rather than convert Euros to dollars they have brought Bitcoin. Maybe this is just due to the recent weakness in the Euro, or maybe it’s a trend. In any case this is the first time we’ve come into contact with Bitcoin run-of-the-mill consumer locations like restaurants, amusement parks and gift shops.
The events and players are distinct but in general the market is “more of the same” which is a concerted movement toward more digital, more secure and more mobile payments which is exactly where the Wocket fits. It remains to be seen how consumers sift through the myriad offerings and settle into what works for them. As we’ve stated before the Wocket is unique as an actual wallet replacement rather than something that is an extension of your smartphone.
Stock Conclusion
In the few years we’ve been working with and following NXT-ID the current moment offers the best risk/reward we’ve seen so far. The company has come a very long way since their IPO at $1 and seen share prices as high as $5.60 with a substantial period trading between $4-5/share.
There are a few reasons we can point to in the short term – limited liquidity, a spurious and backward-looking downgrade from Zacks in the headlines and general “risk off” mentality as the world grapples with slowing growth and rising (at least in the US) interest rates.
We remain comfortable with our 40,000 unit assumption for 2015 based on the planned marketing campaign in Q3, a monthly production goal of 10,000 units and the upcoming holiday buying season. Market data suggests there is already demand for 100,000 to 200,000 units if it can be reached and serviced so at this point demand isn’t a limiting factor. Looking further out into 2016 our 120,000 unit number isn’t aggressive either.
We’re tweaking our model to account for some more shares outstanding and also took the opportunity to add expenses for SG&A to support increased marketing and operational readiness. It has had only a minor impact on the IV estimate – taking it from $8.28 to $7.47.
As we mentioned at the start of the note the risk/return from the current stock level is very attractive. Longer-term investors will also note that our the IV for 2016 doubles so if NXT-ID exits 2015 with good momentum there is quite a bit of additional upside
The NXT research update (PDF) is also published and available here:
Past reports and related research can be found on our website at http://soundview.co/infosec.
Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
Glossary of Terms
IV or Intrinsic Value is our method of evaluating growth stocks. Over the last twenty years we’ve found that most traditional measures like P/E, PEG, and even DCF models are not effective at arriving at a single price point that represents the true value of the future prospects of a company. It has some things in common with a DCF approach but deviates by focusing instead on long-term market value since it’s more akin to what a growth stock delivers than stable cash flows.
POS is an abbreviation for “Point of Sale” systems which include terminals which handle your credit cards to back office computers that interface with the large payment processors and gateways.
Disclosures
SoundView serves as a strategic advisor to NXT-ID and provides this research note for informational purposes only. SoundView does not have “ratings” and is not an investment bank, broker/dealer or registered investment advisor. We’ve undertaken to research all facts presented here but can make no promises that they are correct or that our reasoning and supporting intrinsic valuation model is an accurate depiction of the future. SoundView employees may have positions in stocks they work on however at the time of this writing we are not aware of any outstanding positions in the shares of NXT-ID.
About NXT- ID Inc. – Mobile Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID, Inc.’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 Wocket® ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode.
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/