MIAMI, November 8, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today is providing an Update to its Shareholders to advise them of the important steps and accomplishments that the Company has recently achieved and is working on for the very near future.
On July 29, 2016 NGH announced that it had signed definitive Agreements with four separate Finance Groups that hold an aggregated value of $713,250 in Convertible Notes. These Note Conversion Agreements were originally to be completed by September 22, 2016 but the process has taken longer than expected, so the note holders had extended the agreements through October 22, 2016 and now have agreed to an additional extension through Nov. 22, 2016. This "Buy Back" of notes is extremely important for NGH and its shareholders because it will avoid the issuance of a significant number of common shares into the public market. The Company recognizes the importance of this procedure and is taking important steps to enhance the stock value for its shareholders.
"We continue to work diligently to resolve this issue and provide a healthier financial future for the company." said Michael De Prado NXGH's President and COO. "In addition to these actions, we are coordinating our effort to use new record breaking revenues along with new capital injections to attain our desired goals." added De Prado.
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 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.