GROUP MOBILE AND RUGGON ANNOUNCE U.S. MARKET PARTNERSHIP
(Thomson Reuters ONE) -
Group Mobile Partners with RuggON to be Strategic Premier US Distributor and
Solutions Provider for Best-in-Class Rugged Tablet Portfolio
Chandler, AZ - November 7, 2016 - Group Mobile, a rapidly expanding and growing
premiere provider of innovative, full service mobile technology solutions today
announced a new strategic distribution and service partnership with RuggON, a
leader in the design and manufacturing of ruggedized computing products. This
strategic performance based first rights partnership agreement enables Group
Mobile to act as both the distribution, service and solutions provider of
RuggON's extensive tablet line to the United States.
RuggON is a recognized leader in engineering best-in-class, rugged mobile
technology built for a variety of industries including public safety, logistics
and field service. RuggON manufactures and delivers exceptional products, with
optimal screen clarity, advanced fingerprint reading, encryption options and a
snap-on MRZ + MSR reader that can read up to three lines of MRZ data. Through
this partnership, Group Mobile is expanding its rugged technology portfolio to
meet the growing demand for rugged tablets across all vertical industries.
"RuggON, as a CORE OEM/ODM manufacturer, offers state of the art, cutting edge
rugged tablet products. We are excited to launch the RuggOn product platforms in
the US market coupled with Group Mobile's premier service offerings. This year
we've seen tremendous growth in the demand for rugged tablets and expect this
growth to accelerate as Group Mobile and RuggON help businesses leverage the
many benefits of a true mobile technology supported with end to end lifecycle
support solutions," said Darin White, President of Group Mobile.
"RuggON and Group Mobile share the same vision: 100% dedication to providing
exceptional value to customers and building long lasting and trusted
relationships. We are excited to partner with Group Mobile as they will broaden
our access to the U.S. market, as well as provide support and top tier service
to our customers. We expect that the Group Mobile's infrastructure of industry
experienced sales teams, services and proven years of SEO/SEM web based demand
messaging expertise will bring swift results to US market development" said Sean
Lee, Executive Director at RuggON.
Group Mobile is a wholly owned subsidiary of FORM Holdings Corp. (NASDAQ: FH).
About RuggON
RuggON stands alone as the only rugged tablet provider focused on Rugged Mobile.
Founded with the mission to improve productivity of ruggedized tablets for
demanding professionals working in extreme environments, RuggON's engineering &
design team has over a decade of rugged experience. RuggON's focus means better
products for its customers and its dedicated engineers deliver intuitive and
user-friendly designs by listening to the needs of users.
About Group Mobile
Group Mobile, a wholly owned subsidiary of Form Holdings, 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(at)FORMHoldings.com
Group Mobile
480-705-6100
information(at)GroupMobile.com
RuggON
1-886-2-87971778
info(at)RuggON.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
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2016 - 14:30 Uhr
Sprache: Deutsch
News-ID 505358
Anzahl Zeichen: 12310
contact information:
Town:
New York
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"GROUP MOBILE AND RUGGON ANNOUNCE U.S. MARKET PARTNERSHIP"
steht unter der journalistisch-redaktionellen Verantwortung von
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