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Next Group Holdings Announces Completion of the Transaction for Acquisition of Accent Intermedia (AIM), a Program Manager for Financial Stored Value Solutions
Next Group Holdings Announces Completion of the Transaction for Acquisition of Accent Intermedia (AIM), a Program Manager for Financial Stored Value Solutions.
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[{"type":"text","content":"\n\n\n\nNext Group Holdings Announces Completion of the Transaction for Acquisition of Accent Intermedia (AIM), a Program Manager for Financial Stored Value Solutions\n\n\n\n\n\nNext Group Holdings Announces Completion of the Transaction for Acquisition of Accent Intermedia (AIM), a Program Manager for Financial Stored Value Solutions\nPR Newswire\nMIAMI, July 22, 2016\n\n\n\nMIAMI, July 22, 2016 /PRNewswire/ --\n\nNext 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.\n\nAIM 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%.\n\nAIM currently provides infrastructure and program services to Harley Davidson, AMC Theatres, Super Valu, Applebee's, IHOP and other industry leading companies.\n\n\"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.  \n\n\"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 D...