Company to add NFC-enabled mobile payment capabilities to one of the most complete watches on the market for an active customer

 

MELBOURNE, Florida, August 31, 2017 -- FitPay, Inc., a wholly-owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD) and a provider of payment, credential management, and authentication platform services, today announced that it is powering the payment capabilities for the vívoactive 3, a new smartwatch by leading wearables company, Garmin International Inc. (NASDAQ: GRMN). The new feature, called Garmin Pay[TM], enables consumers to make contactless payments at near-field communication-enabled (NFC) point-of-sale (POS) locations, adding a powerful new feature to one of the most complete smartwatches on the market for the active consumer.

Transaction expected to create one of the largest North American cloud services providers, with total pro forma annual revenue of approximately $575 million; Combination expected to significantly enhance Fusion's innovative strategy as the single source for the cloud

 

NEW YORK, NY--(August 28, 2017) - Fusion (NASDAQ: FSNN)

 

Fusion to acquire Birch's Cloud and Business Services business, including its customers, operations and infrastructure

Combined company is expected to have total pro forma annual revenue of approximately $575 million and more than $150 million in pro forma annual adjusted EBITDA, including anticipated cost synergies

Transaction is expected to be significantly accretive to Fusion's adjusted EBITDA immediately upon closing, generating positive free cash flow while dramatically reducing the company's overall leverage ratio, with net debt expected to be less than 4.0x pro forma adjusted EBITDA

SAN DIEGO, July 26, 2017 -- InfoSonics Corporation("InfoSonics" or the "Company") (NASDAQ: IFON) and Cooltech Holding Corp. ("Cooltech")  today announced that the companies have entered into a definitive merger agreement under which InfoSonics will acquire Cooltech.  Cooltech is an Apple licensed partner and reseller that operates as a vertically integrated company combining a diverse distribution business with a growing retail footprint under its OneClick branded stores.  Cooltech is one of a limited number of partners under the Apple Premium Reseller and Apple Authorized Reseller Mono-Brand programs in Latin America, as well as a growing presence of OneClick stores in the United States.   

- 50% Quarter-over-Quarter Growth in Contracted Backlog

- Second Quarter Results Conference Call to be Held on or before August 14, 2017

 

NEW YORK, July 11, 2017 -- Pareteum Corporation (NYSE MKT: TEUM) ("Pareteum" or the "Company"), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced that the Company expects to report revenues exceeding analyst expectations of $3 million for the second quarter ended June 30, 2017.

 

The Company's contracted backlog stands at approximately $60 million, to date. This contractual backlog is generated by each of the Company's Managed Services customers who have entered into multi-year Software-as-a-Service agreements with Pareteum and consists of guaranteed minimum monthly recurring fees, as well as contractually forecasted subscribers and their resulting monthly recurring revenue.