XpresSpa’s Strategic Partnerships Well Positioned to Produce Results During Record Holiday Travel Season
December 17 2019 - 9:00AM
XpresSpa Group, Inc. (Nasdaq: XSPA), a health and wellness company,
today provided the following business update regarding its
strategic partnerships that are well-positioned to produce results
during the record holiday travel season.
Doug Satzman, XpresSpa Group CEO, stated, “The
XpresSpa brand is a desirable health and wellness partner for
innovative companies seeking to leverage our high-quality real
estate and affluent customer base. The strategic partnerships we
are forging with like-minded companies are geared towards
increasing sales by evolving our product assortment through a wider
array of quality retail items, ranging from vitamins and health
supplements to new relaxation travel products to testing
high-quality CBD offerings. We are excited to see these plans come
to fruition in time for the holiday travel peak after many months
of work with our partners.”
Strategic Partnerships
- Our Calm retail collection has been
expanded to include a new weighted travel blanket complementing the
Calm weighted sleep mask that launched last month, both of which
both promote faster and deeper sleep. These new Calm-branded
products were designed in collaboration with industry leader
Gravity.
- Persona™ products are now available
across all domestic airport spas. Persona™ is a Nestlé Health
Science (NHSc) company and leading personalized
vitamin-subscription program that signed a strategic partnership
agreement with XpresSpa in late October. Customers can purchase
three different nutrition packs in every spa designed especially
for travelers to support relaxation, immunity or jet lag, while
additionally receiving an exclusive discount for XpresSpa customers
on their first online order.
- We are launching a seven-week CBD
test pilot across 16 domestic airport stores this week featuring
three products from Nira. Nira is an emerging brand and a producer
of physician-formulated CBD products that are produced with the
highest quality hemp extract. The three products that are currently
being tested are a hemp oil lotion, full spectrum soft gel
capsules, and a full spectrum tincture oil.
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 52 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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