XPRESSPA ANNOUNCES THE OPENING OF ITS SECOND SPA LOCATION AT PHOENIX SKY HARBOR INTERNATIONAL AIRPORT
May 30 2017 - 8:31AM
NEW YORK - May 30,
2017 - XpresSpa, the industry-leading luxury airport spa
company and a wholly owned subsidiary of FORM Holdings Corp.
(Nasdaq: FH), today announced that it has opened its second
location at Phoenix Sky Harbor International Airport (PHX), less
than three weeks after opening its first. The second XpresSpa is
also located in Phoenix Sky Harbor International's newly renovated
Terminal 4, located in B Gates, B15-28.
With two new locations now open in PHX, XpresSpa
signature services are now accessible to the over 37 million
passengers who travel through PHX Terminal 4 every year.
"Due to the unique nature of the airport retail
environment with its captive audience and extended time spent
within airport terminals due to security protocols, we have found
success implementing our multi-unit strategy in over half of the
airports in which we operate, with more to come. We are
finding that multi-unit venues are generating brand visibility that
is central to further developing trust with our customers. In
fact, our multi-unit airport locations actually drive higher unit
volumes. This enhanced familiarity with the XpresSpa brand
will be instrumental in driving double-digit comp store sales in
the future," said Ed Jankowski, CEO of XpresSpa.
XpresSpa's multi-unit model is present within
twelve of the highest volume airports in the United States and now
includes Phoenix Sky Harbor with the opening of the second
location. XpresSpa operates three or more units at John F.
Kennedy International Airport, Dallas/Fort Worth International
Airport, Orlando International Airport, San Francisco International
Airport, Las Vegas McCarren International Airport, Minneapolis/St.
Paul International Airport and Philadelphia International
Airport.
The new spa was officially opened on May 26,
2017.
XpresSpa's 2nd
opening at Phoenix Sky Harbor International Airport, Terminal 4,
located in Gates B Gates, B15-28
About XpresSpa
XpresSpa is the industry-leading luxury travel spa
business, serving almost one million air travelers each year at its
airports in the United States, Amsterdam and Dubai. XpresSpa
offers travelers premium spa services, including massages,
reflexology, stress and tension release, manicures, pedicures,
facials and waxing. Its Xpress nail, massage and hair
blow-out services are designed specifically for the busy traveling
customer, with treatments completed in 30 minutes or less. In
stores and online, XpresSpa also offers exclusive luxury travel
products and accessories, including travel pillows, blankets,
massagers, and personal, hair, nail and bath and body products.
XpresSpa has over 750 employees, including talented teams of
professionally licensed massage therapists, cosmetologists and nail
technicians who are committed to providing exceptional customer
experiences. www.xpresspa.com
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 XpresSpa, Group Mobile,
FLI Charge, Infomedia and intellectual property assets. XpresSpa is
the world's largest airport spa company. 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. 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 merger between FORM and XpresSpa; 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 the merger; and any other statements
about FORM's management team's 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: FORM's inability to maintain the listing of its
securities on the Nasdaq Capital Market; 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, 2016 filed with the SEC on March 30, 2017. 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.
Contacts
FORM Holdings
ICR
646-277-1263
Jeff.Sonnek@icrinc.com
XPRESSPA
Brad Zeifman
SHADOW
212-972-0277
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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