NXT-ID surges after disclosing a $1.2M smart card pre-payment

|About: NXT-ID Inc. (NXTD)|By:, SA News Editor

NXT-ID (NXTD +13.8%) has received a $1.2M pre-payment from vacation club membership provider WorldVentures to help pay for an initial production run of smart cards to be delivered to WorldVentures at the end of July.

The initial production run is said to be worth $2.5M. NXT-ID soared in February after announcing its deal with WorldVentures, which has a potential total value of $15M. The company's market cap is currently $23M.