Digital Wallets Become More Optimized As Today's New Wireless Mobile Technology Aims To Replace Credit-Card Stuffed Wallets

CORAL SPRINGS, Florida, October 10, 2014 /PRNewswire/ --

Analysts forecast mobile in-store payments to grow at a five-year compound annual growth rate of 154% to $189 billion in 2018.  Companies in focus today are: NXTD-ID, Inc. (NASDAQ: NXTD and NXTDW), eBay Inc. (NASDAQ: EBAY), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Alibaba Group Holding Ltd. (NYSE: BABA).

NXT-ID, Inc. (NASDAQ: NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market announces that in celebration of its recently completed financing and NASDAQ listing, it will ring the opening bell at the NASDAQ MarketSite in Times Square on Monday October 13^th.  Gino Pereira, CEO of NXT-ID, said, "This is a significant day for the company and our shareholders. The recently completed financing and listing on NASDAQ is a milestone in our development. He added," We look forward to bringing our biometric smart wallet, the Wocket™, to consumers later this year as the first of our biometric identification and verification products. In this age where data breaches are common place our ability to protect and secure the private information of consumers assumes increasing importance."  

To read the full NXTD press release, please click here:  http://www.financialnewsmedia.com/profiles/nxtd.html

Wocket™ is a smart wallet, the next evolution in smart devices, following the smart phone and smart watch. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

In other NXTD news:  Research analysts at Benchmark Co. assumed coverage on shares of NXT-ID in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a "buy" rating and a $6.00 price target on the stock. Benchmark Co.'s target price points to a potential upside of 99.34% from the stock's previous close.  (http://www.analystratings.net/stocks/NASDAQ/NXTD/)

Shares of NXT-ID traded up 10.96% during mid-day trading on Thursday, hitting $3.34. 1,070,615 shares of the company's stock traded hands. NXT-ID has a 52-week low of $1.36 and a 52-week high of $7.25. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $3.70. The company's market cap is $80.7 million.  Separately, analysts at Northland Securities initiated coverage on shares of NXT-ID in a research note on Tuesday, September 30th. They set an "outperform" rating and a $6.00 price target on the stock.

Sector News and Happenings:  EBay Inc. (NASDAQ: EBAY) is spinning off its PayPal division, throwing the business into direct competition with Apple Inc. (NASDAQ: AAPL) and Google Inc (NASDAQ: GOOG). as consumers step up the use of smartphones and computers to pay for goods and services. Activist shareholder Carl Icahn had pushed for a split earlier this year, only to be rebuffed by Chief Executive Officer John Donahoe, who said in March a separation was "not a good idea." Since then, EBay's board reviewed the company's strategy and decided EBay and PayPal will be better off as two independent public companies, the San Jose, California-based company said in a statement yesterday. To read more, please click here: http://www.businessweek.com/news/2014-09-30/ebay-announces-plan-to-separate-from-payments-unit-paypal

Alibaba Group Holding Ltd. (NYSE: BABA) is putting some of its new IPO money to work, plowing $50 million into a startup that turns smartphones and tablets into remote controls with an app. Based in Mountain View, Calif., Peel Technologies Inc. is one of a growing cluster of consumer startups that are expanding thanks to strategic backing from the Chinese e-commerce giant that executed the largest IPO in history last month. Co-founded in 2010 by Thiru Arunachalam and Bala Krishnan, Peel was initially created to eliminate the clutter and confusion of juggling multiple remotes. The free app allows users to control TVs and DVRs as well as discover content, get recommendations and connect with friends. The app, which works on newer Android devices that have infrared, can control 3,500 brands of TVs and 600 set-top boxes. Read more: http://blogs.wsj.com/venturecapital/2014/10/09/alibaba-invests-50m-in-peel-to-take-smartphone-remote-app-beyond-tv/

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