NEXT Group Holdings, Inc. Signs Letter of Intent to Acquire Pleasant Kids, Inc. to Become Publicly Traded Entity

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MIAMI, Aug. 10, 2015 (GLOBE NEWSWIRE) -- NEXT Group Holdings, Inc., a leading-edge technology and communications group that combines mobility and remittances into one global product, announced today that it has entered into a binding letter of intent to acquire control of OTC-listed Pleasant Kids Inc. (OTC:PLKD), a children's beverage company, by way of a reverse merger. The companies are expected to complete an exchange of shares on or before August 15, 2015.

The company will file for a symbol change and a name change. As part of the agreement the management of Pleasant Kids will resign effective immediately. Mr. Arik Maimon will be appointed the new Chairmen and CEO of the company. Mr. Maimon is a veteran of the telecommunication sector since 1998 with a vision to offer next-generation telecom products globally.

Mr. Maimon states, "Long distance is a commodity today. I am proud that six years ago, we created Next CALA to offer free long distance rewards to clients while most telecom carriers are suffering by the changes within our industry. Our innovating pairing of long-distance and remittance services has positioned us in the front row of the mobile remittances sector. I would like to thank all our present and future shareholders, partners and clients. Our company has reached a major milestone today, unfolding our direction going forward as we look to continue creating significant value for shareholders of PLKD."

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 M&M (100% owner of Next Mobile 360), Next CALA, and NxtGn subsidiary 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 was 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

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 AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q, RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS PRODUCT DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

CONTACT: NEXT Group Holdings, Inc.
         1-800-611-3622

         Pleasant Kids, Inc.
         1-855-710-KIDS
         info@pleasantkids.com

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