Next Group Holdings Announces Two Wholesale Telecommunications Carrier Agreements Worth $150M Annually To Expand Its International Footprint And Delivery Of Services

MIAMI, Feb. 22, 2018 /PRNewswire/ -- NextGroup Holdings (NGH), Inc. (OTCQB: NXGH), a FinTech service provider delivering mobile banking, credit and telecommunications to underbanked and underserved communities, has announced two key wholesale telecommunications agreements, set to deliver annual gross revenues up to, or in excess of, US$150M to NGH in 2018.

The general service agreements with COMTEL Direct dba MSG Telco, a CHT Holdings Company and Wiztel USA will support the development and delivery of key banking and communication services to more than 70 million underbanked and underserved individuals within the United States.

"The ability to develop close working relationships with prominent market telecom carriers like MSG Telco and Wiztel USA should bring significant revenue and profit to NGH. This will strengthen the company financially and should provide a springboard for additional FinTech projects that will allow us to better serve our existing and future customers," stated Orlando Taddeo, CEO of International Operations for Limecom, a subsidiary of NGH.

"I am very excited about the tremendous benefit that this estimated revenue of up to $100 million or more in 2018 between NGH and MSG Telco can provide to both companies. The potential synergy between MSG Telco and NGH should benefit both companies for 2018 and for years to come," stated Harrison Vargas, CEO of MSG Telco and CHT Holdings Group.

Both telecommunications carriers have been engaged as external contractors to deliver communications services through Next Group Holdings Inc.

About Next Group Holdings, Inc. 

Next Group Holdings, Inc. (OTCQB: NXGH) is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and emerging markets.  Learn more at http://www.nextgroupholdings.com.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.

SOURCE Next Group Holdings, Inc.