Next Group Holdings Announces Symbol Change to NXGH

14 Apr, 2016, 11:42 ET from Next Group Holdings, Inc.

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.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.

Contact:
NEXT Group Holdings, Inc.
Telephone: 1-(800)611-3622
info@nextgroupholdings.com

SOURCE Next Group Holdings, Inc.