MIAMI, April 20, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: NXGH) announced today that it has entered into a strategic partnership with Love Made Visible ("LMV"), CP+B's Product & Brand Invention Group (CP+B). They will assist NXGH's subsidiary Next CALA, Inc. ("NEXTCALA") in the design, launch and marketing of NXHG's prepaid family portfolio here at http://www.nextcala.com, along with NXGH's other subsidiary NxtGn HD video platform and telepresence products and services.
"Through our non-traditional business model, we've built an engine to generate strong valuation increases through a partnership framework that significantly mitigates risk while building irrational loyalty with our audience. We are not ad people. We are cultural change agents, brand inventors, artists, technologists, anthropologists, and everything in between. Our goal always being to disrupt conventions, not just through branding and design, but in everything we do - product development, sourcing, manufacturing & going to market. We look forward to taking a deep dive into NXGH's brands, understanding the personalities and needs of its customers and helping them connect these brands to culture in a meaningful way," said Neil Riddell, CP+B's EVP/Executive Director.
Love Made Visible has developed new agency-owned brands and partnership opportunities. These partnerships include the prospering bike-sharing system B-Cycle, the environmentally minded mechanic brand Green Garage, and the award winning spirit brands - Angel's Envy Bourbon and the Hemingway-inspired Papa's Pilar Rum. The success of these ventures has now led an expansion into other categories like lifestyle/fashion brands, natural foods, as well as the tech sector.
"Our plans to work with CP+B to disrupt the telepresence and broadcast live video landscape represents the next step in democratizing people's ability to broadcast live," said Arik Maimon, NXGH's Chairman and CEO. "We have created Intellectual Property (IP) that will put telepresence capabilities that were previously available only to Fortune 100 companies, into the hands of everyday people. This changes single point to multi-point broadcasting in a big way. It's part of what we see as an evolution from Skype (limited to 8 people), and Periscope/Meerkat (which integrates live video and texting interaction), to our platform that offers Live Video / Interactive / HD quality over very low bandwidth, and allows as many as 10,000 concurrent users a seamless interface between laptop, tablet, mobile device. With our planned technology, consumers, celebrities, politicians, and organizations will be able to publicly broadcast in HD directly to as many as 10,000 fans. Unlike our competitors' existing live video technologies, the viewers can be seen by the broadcaster and chosen to interact with by simply touching their HD video feed, creating a closer connection with their fan base."
About Us: NXGH is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and emerging markets. NXGH's principal executive offices are located at 1111 Brickell Avenue, Suite 2200, Miami, Florida 33131, and its telephone number at that location is (800) 611-3622.
NXGH's web address is nextgroupholdings.com.
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NEXT Group Holdings, Inc. (OTCQB: NXGH)
SOURCE Next Group Holdings, Inc.