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@FORMHoldings.com
Group Mobile
480-705-6100
information@GroupMobile.com
RuggON
1-886-2-87971778
info@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
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