MIAMI, June 10, 2016 /PRNewswire/ - Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today announces a change of the Record Date for the special stock dividend for shareholders originally announced on May 27, 2016. The original Record Date for the special dividend was June 10, 2016. The record date will now be June 28, 2016.
The Company has completed and filed requisite paperwork to issue a special dividend of one share of the new Class D redeemable preferred stock for each share of NXGH common stock held. To receive the special dividend, each NXGH shareholder needs only to take the appropriate steps with their brokerage house to verify their position in the Company.
The change on the record date is due to FINRA's request for additional information regarding this dividend. We are in the process of gathering this material and responding to FINRA's request.
"Rescheduling the effective Record Date for this dividend is necessary to comply with FINRA's request for information," said Arik Maimon, NXGH's Chairman and CEO. "This special dividend has great potential to bring extra value to NXGH and each shareholder." added Maimon.
Next Group Holdings has provided the stockholder letter necessary to request the Class D preferred stock certificate from the Company free of charge at www.nextgroupholdings.com under the "Investors Relations" in the main menu and "Dividend" tab.
The complete 8-K regarding the dividend and new class of share filed with the Securities and Exchange Commission is available at: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11397857.
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 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.
SOURCE Next Group Holdings, Inc.