CHANDLER, AZ - October 4,
2016 - Group Mobile, a rapidly expanding and growing
premiere provider of innovative, full service mobile technology
solutions, and a wholly owned subsidiary of FORM Holdings Corp.
(NASDAQ: FH), today announced that it has partnered with Digital
Ally Inc. (NASDAQ: DGLY), as the exclusive third party supplier of
Digital Ally's Fleet Vu solution.
"We are truly excited to take this step with
Digital Ally and continue to showcase Group Mobile's commitment to
bringing the most state of the art solutions to our customers in
the ever changing enterprise solutions landscape," said Darin White
President of Getac. "Group Mobile's commitment to providing digital
media, cloud based storage and 'best of breed' hardware technology
solutions across all verticals continues to set Group Mobile apart
from its competition."
Digital Ally is a leading provider of high quality
video recording equipment designed specifically for law
enforcement, first responders and commercial fleets. Digital Ally's
Fleet Vu cloud solution is a market leading web based tool for
video and data management targeted at passenger transit, delivery
and utility service vehicles, ambulances and over the road
carriers.
Fleet Vu was built with the intention of
monitoring driver behavior and has numerous customizable reporting
capabilities for fleet managers, which differentiates the solution
significantly from competing "crash cams". Fleet Vu provides GPS as
well as situational awareness capabilities, configured with
multiple video streams that monitor what is in, on, or around the
vehicle, providing enhanced safety for field based assets and
personnel. Fleet Vu is easy to install, operate and manage and has
accounted for more than one million video uploads to the cloud to
date.
"We at Group Mobile are thrilled to announce a
partnership with Digital Ally. As a trusted mobile video technology
partner, Digital Ally brings over 10 years of dedicated mobile
video design and manufacturing experience. The appetite and demand
for video capabilities in the enterprise fleet market is growing
and we are excited to be on the cutting edge of early adoption.
Together, we expect to mine our Group Mobile database of commercial
and enterprise customers to introduce this state of the art driver
and fleet management, video based technology to our current
customers," added Criss Cross, Senior Vice President of Public
Sector of Group Mobile.
"Digital Ally believes in connected car technology
and adding our DVM-250 Video Event Data Recorder to Group Mobile's
robust suite of in car solutions is a good fit. Our
partnership demonstrates a positive step in which both companies
are furthering their commitment to commercial work fleets," said
John Rumage, VP Commercial Sales of Digital Ally.
About Digital Ally
Digital Ally is a leading global designer,
manufacturer and innovator in the growing field of digital
technology. Digital Ally is the only company serving the military,
law enforcement, fire, emergency medical services and the
commercial fleet industries that is capable of providing the
complete end-to-end hardware and software solution. The Company's
product lines include in-car audio/video recording equipment,
body-worn cameras, cloud and local server software and storage
solutions. Digital Ally products are sold by domestic direct sales
representatives and international distributors worldwide. Digital
Ally is headquartered in Lenexa, Kansas and its shares are traded
on The NASDAQ Capital Market under the symbol "DGLY." For news and
information please visit www.digitalallyinc.com or follow the
company on Twitter @digitalallyinc and Facebook
http://www.facebook.com/DigitalAllyInc.
About Group Mobile
Group Mobile, a wholly owned subsidiary of Form
Holdings Corp. (NASDAQ: FH), headquartered in Phoenix, AZ, serves
customers world-wide. Group Mobile is a rapidly expanding and
growing and innovative full end-to-end solution provider of rugged
mobile hardware, lifecycle services, system integration, hardware
service support, pre-and post-deployment, break-fix, warranty
repair, customer support helpdesk and more - all constructed to
solve pressing problems and ensure our customers are receiving
exceptional value, return on investment and a trusted long-lasting
partnership. Group Mobile has mastered the true challenges of
mobility through understanding the key elements required for a
successful mobile deployment - hardware, connectivity, data and
customer back-end network infrastructures.
About FORM
Holdings Corp.
FORM Holdings Corp. (NASDAQ: FH)
is a publicly held diversified holding company that specializes in
identifying, investing in and developing companies with superior
growth potential. FORM's current holdings include Group
Mobile, FLI Charge, Infomedia and intellectual property
assets. Group Mobile is a provider of rugged, mobile and
field-use computing products, serving customers worldwide.
FLI Charge designs, develops, licenses, manufactures and markets
wireless conductive power and charging solutions. Infomedia
is a leading provider of customer relationship management and
monetization technologies to mobile carriers and device
manufacturers. FORM Holdings' intellectual property division
is engaged in the development and monetization of intellectual
property. To learn more about Form Holdings Corp., visit:
www.FormHoldings.com.
Forward-Looking
Statements
This press release includes
forward-looking statements, which may be identified by words such
as "believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should," "seeks," "future," "continue," or the negative
of such terms, or other comparable terminology. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ materially from the
forward-looking statements contained herein. Statements in
this press release regarding the proposed merger between FORM and
XpresSpa; the expected timetable for completing the transaction;
the potential value created by the proposed merger for FORM's
stockholders and XpresSpa's equity holders; the potential of FORM's
business after completion of the merger; XpresSpa's projected
revenue, the ability to raise capital to fund operations and
business plan; the continued listing of FORM's securities on the
Nasdaq Capital Market; market acceptance of FORM products; the
collective ability to protect intellectual property rights;
competition from other providers and products; FORM's management
and board of directors after completion of the Merger; and any
other statements about FORM's or XpresSpa's management teams'
future expectations, beliefs, goals, plans or prospects constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. There are a number of
important factors that could cause actual results or events to
differ materially from those indicated by such forward-looking
statements, including, but not limited to: the risk that FORM and
XpresSpa may not be able to complete the proposed transaction; the
inability to realize the potential value created by the proposed
merger for FORM's stockholders; FORM's inability to maintain the
listing of its securities on the Nasdaq Capital Market after
completion of the merger; the potential lack of market acceptance
of FORM's products; FORM's inability to monetize and recoup FORM's
investment with respect to assets and other businesses that that
were acquired or will be acquired in the future; general economic
conditions and level of information technology and consumer
electronics spending; unexpected trends in the mobile phone and
telecom computing industries; the potential loss of one or more of
FORM's significant Original Equipment Manufacturer ("OEM")
suppliers, the potential lack of market acceptance of FORM's
products; market acceptance, quality, pricing, availability and
useful life of FORM's products and services, as well as the
mix of FORM's products and services sold; potential
competition from other providers and products; FORM's inability to
license and monetize FORM's patents, including the outcome of
litigation; FORM's inability to develop and introduce new products
and/or develop new intellectual property; FORM's inability to
protect FORM's intellectual property rights; new legislation,
regulations or court rulings related to enforcing patents, that
could harm FORM's business and operating results; FORM's inability
to retain key members of its management team; and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission ("SEC"),
including FORM's Annual Report on Form 10-K for the year ended
December 31, 2015 filed with the SEC on March 10, 2016.
Investors and stockholders are also urged to read the risk factors
set forth in the proxy statement/prospectus carefully when they are
available. FORM expressly disclaims any obligation to publicly
update any forward-looking statements contained herein, whether as
a result of new information, future events or otherwise, except as
required by law.
Important
Additional Information Filed with the SEC
This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities of FORM, or XpresSpa or the solicitation of any vote
or approval. In connection with the proposed transaction, FORM
filed with the SEC a Registration Statement on Form S-4 containing
a proxy statement/prospectus. The proxy statement/prospectus
contains important information about FORM, XpresSpa, the
transaction and related matters. FORM will mail or otherwise
deliver the proxy statement/prospectus to its stockholders when it
will be declared effective by the SEC. Investors and security
holders of FORM and XpresSpa are urged to read carefully the proxy
statement/prospectus relating to the proposed merger (including any
amendments or supplements thereto) in its entirety because it
contains important information about the proposed transaction.
Investors and security holders of
FORM will be able to obtain free copies of the proxy
statement/prospectus for the proposed merger and other documents
filed with the SEC by FORM through the website maintained by the
SEC at www.sec.gov.
FORM and XpresSpa, and their
respective directors and certain of their executive officers, may
be deemed to be participants in the solicitation of proxies in
respect of the transactions contemplated by the merger agreement
between FORM and XpresSpa. Information regarding FORM's directors
and executive officers is contained in FORM's Annual Report on Form
10-K for the fiscal year ended December 31, 2015, which was filed
with the SEC on March 10, 2016. Information regarding XpresSpa's
directors and officers and a more complete description of the
interests of XpresSpa's directors and officers in the proposed
transaction is available in the proxy statement/prospectus that was
filed by FORM with the SEC in connection with the proposed
transaction.
Contacts
FORM Holdings
212-309-7549
info@FORMHoldings.com
Group Mobile
480-705-6100
information@GroupMobile.com
Digital Ally
(913) 274-2512
Dan.Reynolds@DigitalAllyInc.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: FORM Holdings Corp. via Globenewswire
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