MIAMI, July 22, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today announces that it has signed definitive Agreements with Dean Keatin Marketing, LLC ("DKM"), which completes the transaction to acquire a controlling interest (64% of shares) in Accent Intermedia LLC ("AIM"). AIM is a successful Stored Value Program Manager that has generated over $1 Billion of stored value activations through its PCI Compliant system and has been the go to FinTech (Financial Technology vertical) solution for the Internet Retailer 500.
AIM provides the support infrastructure that allows national brands to host Closed Loop (Gift Card) and Open Loop (Prepaid Debit / General Purpose Reload) card programs. AIM has developed its own in-house fraud prevention tool that reduces "card not present" fraud to less than 1%.
AIM currently provides infrastructure and program services to Harley Davidson, AMC Theatres, Super Valu, Applebee's, IHOP and other industry leading companies.
"I am pleased to complete the AIM acquisition. We promised in early January 2016 that we would acquire several strategic companies to make NXGH the leader in the Mobile Banking market. We are proving NXGH to be a unique value proposition in the Mobile Banking space. This acquisition allows NXGH to have two independent banks under our NEXTCALA & AIM agreements, respectively. This gives NXGH the diversity to secure its footprint as a force to be reckoned with, in the global financial market," said Arik Maimon, NXGH's Chairman and CEO.
"NXGH, together with its proprietary financial technology and its next generation HD Video platform AVYDA will revolutionize the customer service experience and our rewards program for our growing Financial services customers. This will change the traditional way companies have been communicating for the past several decades and will improve and modernize the collaborative customer service experience," said Dennis Varghese Principal & Managing Director of DKM. "After AIM being in business for over 10 years, I am proud to see AIM integrate with NXGH, a leader in next generation financial services for the consumers that adapt their banking services with mobile video banking," added Varghese.
"The AIM acquisition is an important cornerstone that strengthens the NXGH foundation now and in the future. AIM's decade strong propriety technology solution will help expedite NXGH's execution as a Program Manager for Stored Value products including Prepaid Gift Cards, General Purpose Reloadable (GPR) card programs and verticals," said Michael De Prado NXGH's President & COO. "AIM's data facility is highly secure and has redundant infrastructure services with a "zero single point of failure infrastructure", multiple power grid supplies, 24/7/365 monitored infrastructure, multi-tiered support, intrusion detection and loss prevention systems. AIM's data facility will help us prepare, and fortify the upcoming 2016 prepaid gift card holiday season and revenues," 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.
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SOURCE Next Group Holdings, Inc.