MIAMI, Florida, September 8, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today provided a further reminder to shareholders that, if they have not already done so, they should promptly submit their Shareholder Transmittal Letters, along with their interim statements from their brokers documenting their positions in Next Group common stock as of the dividend record date of July 22, 2016.
A Shareholder Transmittal Letter form, which each shareholder should use when transmitting their interim statement to the Company is posted in the Investor Relations section of the Company's website, along with another form letter that can be used by shareholders to request their interim statement. The Shareholder Transmittal Letter should be fully completed, signed by the shareholder and then returned to the Company by email or fax, as indicated in the Shareholder Transmittal Letter, along with the attached interim account statement. Shareholders should note that the interim statement from their broker can be a simple letter on the broker's letterhead confirming their ownership position in Next Group Holdings common stock as of the close of trading on the July 22nd record date and need not be a formal account statement, as many brokers only generate formal statements on a monthly basis.
The Company is continuing its process of confirming each shareholders' common stock position, based on their Shareholder Transmittal Letters and interim statements, in order to put the company in a position to issue the dividend. Submissions from approximately 201 "street name" shareholders that own approximately 34,159,261 shares of Next Group common stock have already been processed. This represents approximately 14% of the total 1,479 record "street name" shareholders, which own approximately 97% of the total 35,327,018 shares in "street name" as of the dividend record date. Accordingly, the remaining shareholders that have not made their submissions should document their positions in the Company's common stock, as of the dividend record date, as soon as possible, to insure that their shares are processed. "This is very important to the Company, as there are approximately 1,278 shareholders who have not submitted their documentation to the Company and only approximately 1,167,757 "street name" shares currently unaccounted for," said Arik Maimon, Chief Executive Officer of Next Group Holdings. "As we move the dividend process to conclusion we are also focused on various other matters that we believe will help the Company achieve its goal of becoming a leader in the mobile banking space," continued Mr. Maimon.
"The company will also be doing a mailing to shareholders in order to further remind them to make their submissions in connection with the dividend. This press release also serves as said reminder to NXGH shareholders to submit each active shareholder's ownership and submit required documentation of their entire NXGH stock/share interest," said Michael De Prado, President and COO of NXGH.
Shareholders with any questions regarding the dividend can reach the Company by email at email@example.com, by fax at 305-647-6497 or by telephone at 800-550-9055.
About Next Group Holdings, Inc.
Next Group Holdings, Inc. is 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. The Company'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. Its 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 CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
NEXT Group Holdings, Inc. (OTCQB: NXGH)
SOURCE Next Group Holdings, Inc.