XpresSpa Announces Relocation of Global Support Center to 254 W 31st Street
October 21 2019 - 4:05PM
XpresSpa Group, Inc. (Nasdaq: XSPA), a health and wellness company,
announced today the relocation of the Company’s Global Support
Center in New York City from 780 Third Avenue in midtown Manhattan
to 254 W 31st Street, across from Penn Station.
Doug Satzman, XpresSpa Group CEO, stated, “We
are excited by our move to this renovated office space, which
provides our employees with great transportation options given its
proximity to Penn Station, and will result in immediate savings to
our annual rent expenditure. Strengthening our financial condition
involves reducing costs at all levels of the organization and this
corporate relocation demonstrates our determination to realize
savings through all the means at our disposal.”
The new XpresSpa Global Support Center will
house all corporate employees and will yield an annual cost
reduction of $0.3 million in occupancy expenses.
About XpresSpa Group, Inc.
XpresSpa Group, Inc. (Nasdaq: XSPA) is a health
and wellness holding company. XpresSpa Group’s core asset,
XpresSpa, is a leading airport retailer of spa services and related
products, with 51 locations in 25 airports globally. XpresSpa
offers services that are tailored specifically to the busy travel
customer. XpresSpa is committed to providing exceptional customer
experiences with its innovative premium spa services, as well as
exclusive luxury travel products and accessories. XpresSpa serves
almost one million customers per year at its locations in the
United States, Netherlands, and the United Arab Emirates. To learn
more about XpresSpa Group, visit: www.XpresSpaGroup.com. To learn
more about XpresSpa, visit www.XpresSpa.com
Forward-Looking Statements
This press release may contain "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933, and Section 21E of the Securities Exchange Act of 1934.
These include statements preceded by, followed by or that otherwise
include the words "believes," "expects," "anticipates,"
"estimates," "projects," "intends," "should," "seeks," "future,"
"continue," or the negative of such terms, or other comparable
terminology. Forward-looking statements relating to expectations
about future results or events are based upon information available
to XpresSpa Group as of today's date, and are not guarantees of the
future performance of the company, and actual results may vary
materially from the results and expectations discussed. Additional
information concerning these and other risks is contained in
XpresSpa Group’s most recently filed Annual Report on Form 10-K,
Quarterly Report on Form 10-Q, recent Current Reports on Form 8-K
and other SEC filings. All subsequent written and oral
forward-looking statements concerning XpresSpa Group, or other
matters and attributable to XpresSpa Group or any person acting on
its behalf are expressly qualified in their entirety by the
cautionary statements above. XpresSpa Group does not undertake any
obligation to publicly update any of these forward-looking
statements to reflect events or circumstances that may arise after
the date hereof.
Investor Relations:ICRRaphael
Gross(203) 682-8253
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