Brief: NXT-ID Announces Name And Branding For Payments Division Spin-Off

LogicMark

18/10/2018 13:35

Oct 18 (Reuters) - Bank of America Corp  BAC.N :
    * NXT-ID ANNOUNCES NAME AND BRANDING FOR PAYMENTS DIVISION
SPIN-OFF
    * NXT-ID INC - FOLLOWING SPIN-OFF, PARTX HAS INVESTMENT
COMMITMENT
FOR $6.0 MILLION TO FUND OPERATIONS
    * NXT-ID - NEW CO, PARTX, INC., WILL INCLUDE ASSETS ACQUIRED
IN
MAY 2017 BUSINESS COMBINATION WITH FIT PAY
    * NXT-ID INC - MICHAEL ORLANDO, CURRENT NXT-ID COO AND
PRESIDENT
OF FIT PAY, WILL BE CHIEF EXECUTIVE OFFICER OF NEW COMPANY
    * NXT-ID INC - PARTX PLANS TO APPLY FOR LISTING ON NASDAQ
EXCHANGE
    * NXT-ID INC - ORLANDO AND NXT-ID CEO, GINO PEREIRA, WILL
SERVE ON
BOARD OF DIRECTORS OF BOTH COMPANIES.

Source text for Eikon:  ID:nPn41fsxNa 
Further company coverage:  BAC.N 

 ((Reuters.Briefs@thomsonreuters.com;))