Next Group Holdings, Inc. is not only planning and executing upon an aggressive strategy to earn business from this unnoticed and underserved market, but is at the same time building a comprehensive package of services that can get the job done.
How To Take A $30 Billion Market
NXGH is a combination of successes and because of the seamless capability of its platform can deliver a multitude of services quickly and reliably. NXGH is in the process of putting into place a platform that is on the verge of pushing brick and mortar banking to the brink of obsolescence. NXGH is taking action to benefit from the changes. Everything is changing, from the way people shop, how they communicate, to how they conduct banking transactions.
Since 2016 the company has been busy assembling accretive components to an integrated business platform designed to deliver meaningful growth and, in turn, generate significant shareholder value. NXGH has been active on numerous fronts, building a company to take advantage of long distance calling, building a base of customers that use the company’s prepaid card and remittance services, and to a large extent have been adopting the company’s mobile banking platform.
The market they are working to penetrate is comprised of well over 100 million consumers, mostly Latin and Mexican, ignored by the larger competitors in the industry, in origin that has been somewhat unable to secure mainstream methods of traditional banking and mobile services.
NXGH Bringing It Home
To address the market, NXGH has built its technology company to enhance mobility solutions to the unbanked, underserved and emerging markets. It has been successful primarily through its three subsidiaries NEXTCALA, which handles the company’s general purpose reloadable (GPR) prepaid Visa® card, NXTGN, which offers a multipoint HD video platform service, and NEXT MOBILE360, the company’s provider of all things mobile, inclusive of mobile voice, text, and data services. The mission is to enable a comprehensive, all-inclusive mobile platform for its customers, from comfort lifestyle to fully supportive banking solutions.
NXGH brings it home because the company simply knows its market. So much so, that they have developed and announced the pending launch of CUENTAS, the company’s full-service virtual bank. It’s targeting the market potential mentioned earlier, the over 100 million unbanked and underserved consumers in the United States.
Set for market launch in the coming months, CUENTAS is set to deliver the ease of a one-stop shop, enveloping a system that can recharge cash to card transactions, load mobile phone services and perform online banking services that rival even the largest financial institutions in the industry.
The CUENTAS platform can be quickly moved, has a small counter-top footprint and can network seamlessly to a vast network of connections throughout the United States, Mexico and countries where data symmetry exists.
In the meantime targeting the 100 million consumers and the $30 billion U.S. market is more than enough to keep both NXGH and CUENTAS busy for months to come.
The CUENTAS platform will include unprecedented access to discounted products and services from an extensive list of leading retail gift card brands, inclusive of airlines, major retailing chains, movie theaters, restaurants, and resort parks.
The CUENTAS platform brings much more opportunity and will further lead to a seamless integration of MIO, a single-use credit platform that will be using the CUENTA interface.
The CUENTAS program offer an array of discounts and promotions to industry leading brands and also incentivizes customers to utilize the card. In doing so, they can enjoy free calling minutes, reload existing phone cards and connect both the USA and International markets to query accounts directly, a benefit not currently offered by any other virtual competitor.
The success expected from CUENTAS lay in the power of the platform. The program’s flexibility and growing volume of retail locations providing access to CUENTAS make the program accessible, all-encompassing and comprehensive. But, the platform also provides for easy access and transfer of funds to countries throughout the world. Then, with MIO joining the NXGH stable of services, customers can purchase a one-time use, non-reloadable MIO card but have the ability to transfer funds from MIO to a designated CUENTAS account instantly.
Investing with the Team
The goals are aligned when it comes to managements motivation to create shareholder value. Of the approximate 259 million total outstanding shares issued, management owns just under 70% of the ownership in the company. Also, current executive management held prior ownership in NXGH acquisitions and had extensive knowledge of the entire integrated operation the company is moving forward.
For the quarter ending March 31, 2017, NXGH recorded $811,458 in revenues and posted positive earnings of three cents per fully diluted share.
The stock has been consolidating in the three cent range for the past two weeks and has traded closer to six cents for most of July, representing a potential 100% upside if the stock simple catches its most recent valuations.
However, NXGH is in a position to do better, and with the company posting record profits and with revenue and acquisitions beginning to deliver the financial rewards intended, the company may be on the verge something big.
Based on https://cnafinance.com article