XWELL’s CEO Scott Milford Discusses Strategic Growth Plans During Recent Investor Fireside Chat
XWELL, Inc. (Nasdaq: XWEL) ("XWELL" or the "Company") today
announced that XWELL’s CEO Scott Milford recently participated in
an Investor Fireside Chat hosted by Water Tower Research.
As part of the investor presentation, Milford
provided an update on the Company’s out of airport strategy
including how its recent acquisition of Naples Wax Center is
accelerating its growth potential. He recapped how Naples Wax
Center is a foundational, profitable out of airport business that’s
well-situated with multiple growth levers. These include a growing
core skin-care business and a scalable operating platform. Milford
reiterated plans to leverage geographic synergies and lower out of
airport costs to expand Naples Wax Center’s portfolio by 8 to 10
additional locations in the next 12 to 18 months. He also
highlighted the opportunity to cost-effectively integrate
additional Wellness services into the Naples Wax Center model.
Supported by the XWELL Rewards Program, these new offerings could
include aesthetic services, facial rejuvenation, and/or minimally
invasive cosmetic treatments like Botox and dermal fillers.
During the Investor meeting, Milford also
introduced how XWELL plans to leverage the growth of the Gig
economy by evolving their Treat brand. Additionally, he recapped
the Company’s solid capital position and, as management focuses on
reinvesting in the growth of its business and maximizing the
profitability of each of their business units, Milford reiterated
ongoing initiatives to drive revenue and reduce its overall cost
A replay video webcast of the Investor Fireside
Chat is accessible here.
About XWELL, Inc.
XWELL, Inc. (Nasdaq: XWEL) is a leading
global health and wellness holding company operating multiple
brands: XpresSpa®, Treat™, Naples Wax Center®, XpresCheck® and
- XpresSpa is a
leading airport retailer of wellness services and related products,
with 30 locations in 14 airports globally.
- Treat is a
travel wellness brand and a fully integrated concept blending
technology with traditional brick and mortar offerings to provide a
holistic approach to physical and mental well-being for
- Naples Wax
Center is a group of upscale skin care boutiques in Florida and
represents the first step in building the Company’s retail
portfolio outside the airport.
- XpresCheck is a
provider of screening and diagnostic testing in partnership with
the CDC and Concentric by Ginkgo, conducting bio-surveillance
monitoring in its airport locations to identify new SARS-CoV2
variants of interest and concern as well as other pathogens
entering the country from across the world.
- HyperPointe is a
leading digital healthcare and data analytics relationship company
serving the global healthcare industry.
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, including the Company’s current
plans and expectations relating to the business and operations and
future store openings for Naples Wax Center, are based upon
information available to XWELL 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 the Company’s Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K, and other
Securities and Exchange Commission filings. All subsequent written
and oral forward-looking statements concerning XWELL, or other
matters and attributable to XWELL or any person acting on its
behalf are expressly qualified in their entirety by the cautionary
statements above. XWELL 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.
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