MIAMI, April 14, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: NXGH) (or the "Company") announced today that its recent delay in filing the 10-Q report for the quarter ended December 31, 2015, which had been overdue but was filed on April 1, 2016, was primarily a result of problems encountered by its auditors Anton & Chia in reconciling and reclassifying certain expenditures and actions made on behalf of the beverage business which was the predecessor business of the Company, by the Company's former executives Robert Rico and Calvin Lewis, who are no longer involved in the management or operations of the Company. "Now that we have filed the 10-Q and are in compliance, and now that we are no longer forced to rely on support from prior management in order to make timely filings, we undertake to our shareholders that we will make timely filings and remain in compliance," said NXGH's Chairman and CEO Arik S. Maimon. "We are pleased that, as one result of our recent filings and other actions, FINRA granted a symbol change effective April 11, 2016 from PLKD to NXGH. Additionally, the listing of our shares on the OTCQB has been resumed."
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 http://www.nextgroupholdings.com.
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NEXT Group Holdings, Inc.
SOURCE Next Group Holdings, Inc.