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Nxt-ID: Press Release, Dated October 16, 2015

The following excerpt is from the company's SEC filing.

Exhibit 99.1


OXFORD, CT, October 16, 2015 – NXT-ID, Inc. (NASDAQ: NXTD)

, ("NXT-ID" or the "Company"),

a biometric authentication company focused on the growing mobile commerce market and creator of the

Wocket® smart wallet, today announced the pricing of an underwritten public offering of 1,500,000 shares of its common stock at a price to the public of $0.70 per share. The gross proceeds to NXT-ID from this offering are expected to be $1,050,000, before deducting underwriting discounts and commissions and other offering expenses. NXT-ID has granted the underwriters a 45-day option to purchase up to an additional 225,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on October 21, 2015, subject to customary closing conditions.

Aegis Capital Corp. acted as the sole book-running manager for the offering.

The securities described above are being offered by the Company through a prospectus supplement pursuant to the Company’s registration statement on Form S-3 (File No.


), declared effective by the Securities and Exchange Commission (the “SEC”) on May 14, 2015.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: Investors may also...