MIAMI, Aug. 24, 2015 (GLOBE NEWSWIRE) -- Pleasant Kids, Inc. (OTC PINK:PLKD) and Next Group Holdings, Inc., a leading-edge technology and communications group that combines mobility and remittances into one global product are issuing this press release to correct and clarify that certain press release issued on August 17, 2015 announcing that the parties have completed a merger.
On August 15, 2015, the parties entered into a Share Exchange Agreement (the "Agreement") pursuant to which it is contemplated that PLKD will acquire 100% of the issued and outstanding common stock of NEXT in exchange for consideration to the shareholders of NEXT consisting of (a) 75,357,083 shares of common stock of PLKD representing approximately 75% of the issued and outstanding common stock of PLKD following the closing of the transaction contemplated by the Agreement and (b) 8,600,000 shares of PLKD's Series B Preferred Stock issued and outstanding ("Share Exchange"). The closing of the Share Exchange is contingent upon the satisfaction of certain closing conditions, including, but not limited to, the consent of the stockholders of NEXT, the completion of an audit of the financial statements of NEXT for the fiscal years ended December 31, 2013 and 2014 and the appointment of Arik Maimon as the Chief Executive Officer and Chairman of the Board of Directors of PLKD following the resignation of the officers and directors of PLKD on or prior to closing.
"For the past 20 years, NEXT has focused on growing its portfolio of innovative products and unique assets, and this milestone is a direct result of us continuing to execute on our business plan," said Arik Maimon, CEO of Next Group Holdings, Inc. "NEXT's access to the OTC Markets upon the closing of this transaction is just one of many such steps forward anticipated for the company in 2015 and beyond."
About NEXT Group Holdings, Inc.
NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and remittances solutions for the emerging markets. The company operates primarily through its four subsidiary companies: M&M (100% owner of Next Mobile 360), Next CALA, and NxtGn holdings.
M&M is a state-of-the-art telecommunication long distance services provider, fully licensed and owns 100% of Next Mobile 360, a mobile virtual network operator (MVNO) that leverages its proprietary technologies as a foundation of the most reliable VoIP network in the world, allowing the company to deliver a cost-efficient and high-quality long distance services for HD voice and HD video to our customers. Next Mobile 360, through its decades-long alliance with Sprint, is one of the first MVNOs that were granted by Sprint in the sector over 20 years ago. For more information on M&M and Next Mobile 360, please visit www.nextmobile360.com. Visit the official Facebook page at facebook.com/pages/next-mobile-360.
Next CALA offers customers the ability to earn international long distance rewards by using the Next CALA GPR, creating a smarter way for customers to manage money and stay connected with friends and family at the same time. By using Next CALA rewards, customers can call directly to anywhere in the world. Next CALA, please visit www.nextcala.com.
NxtGn has developed with industry leader Cisco Systems a unique product called AVYDA powered by Telarix, an HD Telepresence platform that allows millions of people to connect using their Mobiles/Tablets and PCs devices into celebrities/talents/healthcare/education applications for collaboration services for both Android and iOS. AVYDA allows HD video conferences to connect point-to-multipoint, having 10,000 concurrent calls per session border control (SBC). For more information on NxtGn, please visit www.nxtgn.net. Read more about NxtGn with Cisco here: http://blogs.cisco.com/sp/cisco-helps-nxtgn-and-telarix-deliver-ipv6-enabled-video-solution
About Pleasant Kids Inc.
Headquartered in Fort Lauderdale, FL, Pleasant Kids is America's premier supplier of naturally balanced alkalized spring water, "healthy water" and all natural apple juice for children. The company features copyrighted mascot characters along with our national "Where Healthy Begins" campaign promotes a healthy lifestyle and educates children on the benefits of our products. Additionally, all the products are eco-friendly, BPA free, Non-toxic, No Bisphenol A, and No Phthalates. Pleasant Kids Inc. owns and operates Pleasant Kids EXTRA, Inc. EXTRA manages the intellectual copyrights to the characters and makes them available for select and limited business development, sponsorship opportunities and licensing deals.
Safe Harbor Statement
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CONTACT: NEXT Group Holdings, Inc. 1-800-611-3622 Pleasant Kids, Inc. firstname.lastname@example.orgSource:Pleasant Kids, Inc.