Corrected Press Release Regarding Next Group Holdings Inc.'s Announcement of Schedule for Release of NEXTCALA Mobile Apps, Correcting and Clarifying Certain Information about NEXTCALA Visa Prepaid Cards and about InComm and Others
03 Jun, 2016, 14:30 ET
MIAMI, June 3, 2016 /CNW/ - Next Group Holdings, Inc. (OTCQB: NXGH) announced today that it is withdrawing its press release dated February 10, 2016, which was titled "Next Group Holdings Announces Schedule for Release of NEXTCALA Mobile Apps", and that it is modifying and correcting the withdrawn press release of February 10, 2016, with the following information:
Next Group Holdings, Inc. (OTCQB: NXGH) announced today that it plans to release its NEXTCALA mobile applications for both Android and iOS in June 2016, through its subsidiary NEXTCALA, Inc. ("NEXTCALA") in partnership with InComm. NXGH owns 94% of the issued and outstanding shares of NEXTCALA, which is one of NXGH's four operating subsidiaries.
NEXTCALA promotes and distributes the NEXTCALA Visa® Prepaid Card under licensing and operating agreements with prepaid industry-leader InComm and The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.
NEXTCALA Card cardholders can quickly load cash, $20-$500, to their NEXTCALA Card at thousands of Vanilla Reload retail locations nationwide including 7-Eleven, CVS, Dollar General, Family Dollar, Rite Aid, Speedway, Walgreens and Walmart. Cardholders can also establish direct deposit to automatically load their payroll, government benefits or tax refund to their NEXTCALA Card. The NEXTCALA Card can be used wherever Visa debit cards are accepted for ATM withdrawals, bill payments, and purchasing at retail locations, online, and over the phone.
The NEXTCALA mobile application will give users access to account services 24/7/365. Users will be able to check their card balance, view transactions, and find Vanilla Reload locations. Plus, users will also earn points that can be redeemed towards long distance calls either via voice or HD Video.
About Us: Next Group Holdings, Inc. (OTCQB: 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 nextgroupholdings.com.
Leveraging deep integrations into retailers' point-of-sale systems, InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution worldwide. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 186 global patents, InComm is headquartered in Atlanta with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region.
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. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
SOURCE Next Group Holdings, Inc.
For further information: Next Group Holdings, Inc. Telephone:+1-800-611-3622 [email protected]
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