Regis Completes Sale of Opensalon® Pro to Zenoti
June 30 2022 - 6:00AM
Business Wire
Regis Corporation (NYSE: RGS), a leader in the haircare
industry, announced today the completion of the sale of Opensalon®
Pro (OSP) to Zenoti, the leading technology provider for beauty,
wellness, and fitness businesses. Zenoti will become the sole salon
technology platform for all of Regis’ brands. With this
relationship, Zenoti will help Regis deliver a modern, digital
experience to drive engagement with its three million salon
customers every month. Regis salons will begin transitioning to the
Zenoti platform as early as July.
About Regis Corporation
Regis Corporation (NYSE:RGS) is leader in the beauty salon
industry. As of March 31, 2022, the Company franchised, owned or
held ownership interests in 5,697 worldwide locations. Regis'
franchised and corporate locations operate under concepts such as
Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice
Haircutters®. Regis maintains an ownership interest in Empire
Education Group in the U.S. For additional information about the
Company, please visit the Investor Information section of the
corporate website at www.regiscorp.com.
About Zenoti
Zenoti powers more than 20,000 beauty, wellness and fitness
business in more than 50 countries. Its comprehensive, cloud-based,
mobile-led solution elevates the guest experience, unifies the
brand, and streamlines operations. Zenoti enables users to
seamlessly manage every aspect of running a service business in a
comprehensive mobile solution: online appointment bookings, POS,
CRM, employee management, inventory management, built-in marketing
programs and more. Features include a powerful branded app with
automated payments for a great guest experience, a complete suite
of business tools for marketing and operations, employee training
modules to motivate and retain staff, and cutting-edge solutions
like industry benchmarks, to help the business make better
decisions. To learn more about Zenoti, visit www.zenoti.com.
This press release contains or may contain “forward-looking
statements” within the meaning of the federal securities laws,
including statements concerning anticipated future events and
expectations that are not historical facts. These forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The
forward-looking statements in this document reflect management’s
best judgment at the time they are made, but all such statements
are subject to numerous risks and uncertainties, which could cause
actual results to differ materially from those expressed in or
implied by the statements herein. Such forward-looking statements
are often identified herein by use of words including, but not
limited to, “may,” “believe,” “project,” “forecast,” “expect,”
“estimate,” “anticipate,” and “plan.” In addition, the following
factors could affect the Company’s actual results and cause such
results to differ materially from those expressed in
forward-looking statements. These factors include whether and when
the closing conditions will be satisfied and whether and when the
transaction will close, whether and when the Company will be able
to realize the expected financial results, and how franchisees and
customers will react to the transaction. Additional information
concerning potential factors that could affect future results is
set forth under Item 1A on Form 10-K. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
However, your attention is directed to any further disclosures made
in our subsequent annual and periodic reports filed or furnished
with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on
Schedule 14A.
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version on businesswire.com: https://www.businesswire.com/news/home/20220630005305/en/
REGIS CORPORATION: Kersten Zupfer
investorrelations@regiscorp.com
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