Next Group Holdings Announces Agreement With InsightPOS to Fulfill Exclusive 8,800 Stores for Cash Register & Financial (POS) Point Of Sale Distribution Network

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Aug 25, 2016, 08:30 ET

MIAMI, August 25, 2016 /PRNewswire/ --

Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today announces that it has signed a definitive Agreement with InsightPOS, LLC ("POS"), for distribution, market development and revenue sharing in a new, exciting cash register Interactive Point Of Sale (POS) system.

InsightPOS is a State of the Art "Super Functional Point Of Sale" that has received great attention due to its sleek, modern, efficient design and amazing combination of tools that make the retail experience friendlier, quicker and better both for the shopper and for store management.

InsightPOS provides the ability for each retail store to offer financial services, product, store inventory management, increase store revenue organically by adding financial service solutions in a manner few have imagined possible. Insight POS can replace the entire cash register, inventory and management system.

NXGH has secured financing to provide and install each terminal at no cost to qualified retail establishments, including training. The revenues generated by system utilization should maintain the system at no cost to each retailer. Interested retailers should visit the websitehttp://www.signuppos.com to sign up and request more information on the system and on how they can obtain it free.

NXGH will market major brand services along with its own branded services, such as STI Mobile and Tel3 Long Distance -Pinless Provider. NEXTCALA and AIM Prepaid Visa, Gift Cards , Bill Pay, and reward cards will also be available through the system truly creating the number one offering in the "Fintech POS" category.

NXGH currently has exclusive rights to a database of approx. 8,800 active retail stores that sell prepaid telecommunications products and any of the NXGH products, with the InsightPOS system, will be able to augment their offerings to include International Cellular Top-ups, Utility payments and financial services never seen before. "The InsightPOS and NXGH deal, reinforces our collective goal as becoming the US's largest Latino based financial network," said Michael De Prado NXGH's President and COO "With this and our other unique contracts and partners, we are well on our way to achieve having the first US based Latin demographic focused financial network, giving those tens of millions of individuals that are hardworking, unbanked, underserved the access, respect and financial services they deserve." added De Prado.

We are pleased to announce this robust agreement, which will provide NXGH with its own advanced Cash Register POS system that will enhance the sales efforts of retail stores and provide more services and benefits to consumers. We know that in today's market, developing a direct relationship with consumers is the key to long term success and profitability," said Arik Maimon, NXGH's CEO. "With this agreement, NXGH is taking a major step forward to realize its vision of providing financial, lifestyle and telecommunications solutions to consumers.", added Maimon.

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.

For press or partnership inquiries to InsightPOS contact [email protected]

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Contact:
NEXT Group Holdings, Inc. (OTCQB: NXGH)
Telephone: +1-800-611-3622
[email protected]

SOURCE Next Group Holdings, Inc.