FORM HOLDINGS CEO ANDREW PERLMAN INTERVIEWED ON BLOOMBERG RADIO
(Thomson Reuters ONE) -
NEW YORK - April 18, 2017 - FORM Holdings Corp. (NASDAQ: FH), a diversified
holding company, today announced that the company's CEO Andrew Perlman, was
interviewed on Bloomberg Radio's "Bloomberg Markets" by hosts Pimm Fox and Lisa
Abramowicz on Monday, April 17(th) at 11:30 AM ET.
In the interview, Mr. Perlman discussed XpresSpa's unique value proposition to
its customers and the company's continued expansion throughout airports as key
component of FORM Holdings' plans to accelerate its growth in the retail travel,
health, and wellness industry.
The interview can be found at the following link:
https://www.bloomberg.com/news/audio/2017-04-17/xpressspa-s-perlman-unlike-
malls-airport-retail-is-rising
XpresSpa, FORM's largest operating segment, is the leading airport spa company
in the world. XpresSpa has approximately 50% market share in the United States
as measured by number of airport spas. It provides premium health and wellness
services through its 49 locations within 20 of the largest and most desirable
airport hubs in the United States, as well as four locations in two airports in
Amsterdam and Dubai. XpresSpa generated annual revenues in 2016 of $43.8
million.
Counter to the instability of traditional retail, which has been exacerbated by
shifting shopping preferences and the proliferation of e-commerce offerings, the
airport retail market continues to grow due to increased travel security and
screening requirements that are creating a captive environment within airport
terminals globally. In response to these changes, airport consumers are
demanding greater access to innovative and upscale retail, food, and services
options. The North American airport retail market is on pace to grow at a 19%
compound annual growth rate to $9.9 billion annually in 2020, according to New
Market Research & Micro Market Monitor. XpresSpa's flexible operating model
with compelling store economics is a perfect partner for airport operators
looking to stay on trend with the powerful health and wellness movement.
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 with 53 locations across 22 major airports.
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;
the potential impact on FORM's common stock if FORM determines to repay the
preferred stock to be issued in connection with the proposed merger in stock
rather than cash; 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, 2016 filed with the SEC on March 30, 2017. 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.
Contacts
Jeff Sonnek
646-277-1263
Jeff.Sonnek(at)icrinc.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: 18.04.2017 - 14:30 Uhr
Sprache: Deutsch
News-ID 536793
Anzahl Zeichen: 8525
contact information:
Town:
New York
Kategorie:
Business News
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"FORM HOLDINGS CEO ANDREW PERLMAN INTERVIEWED ON BLOOMBERG RADIO"
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