MIAMI, June 14, 2018 /PRNewswire/ -- InfoSonics
Corporation (NASDAQ: IFON) today announced that it has changed its
name to Cool Holdings, Inc. (the "Company"), effective today.
The Company's stock symbol remains unchanged at this time, but the
name change resulted in a new CUSIP number (21640C 105) for the
Company's common stock offered on the Nasdaq Capital Market.
The Company intends to soon launch a new corporate website at
www.coolholdings.com, which will include a new investor relations
section containing stock information, corporate governance
information and other materials of interest to investors.
"The name change to Cool Holdings represents a shift and
diversification of our strategy," said Andy
DeFrancesco, Chairman of the Board. "Effective today
our focus is to continue the expansion of our strong partnership
with Apple®, one of the world's largest and most iconic
brands, and to exploit additional investment and acquisition
opportunities of minority and majority interests in other premium
retail brands to accelerate profitable growth."
"We will continue expanding the retail footprint of our
OneClick® branded stores to become the largest
authorized reseller of Apple® products and services in
the Americas. Cool Holdings will fully leverage the
experience and successful track record of our board of directors
and strategic investors, who have been involved in other premium
brands such as Cold Stone Creamery, Pinkberry Frozen Yogurt,
Blimpie Subs, Taco Time, Jamba Juice and Aphria MMJ. We
believe that our team's global network, retail operational
experience, ability to acquire prime retail locations and
storefronts, coupled with our marketing and execution ability and
commitment to success will translate to profitable growth of our
Company, and ultimately to handsome returns to our
shareholders."
About Cool Holdings, Inc.
Cool Holdings is a
Miami-based company focusing on
premium retail brands. It is currently comprised of
OneClick®, a chain of retail stores and an authorized
reseller under the Apple® Premier Partner, APR
(Apple® Premium Reseller) and AAR MB (Apple®
Authorized Reseller Mono-Brand) programs; Icon Networks, an
authorized distributor to the OneClick® stores and
other resellers of Apple® products and other
high-profile consumer electronic brands; and
verykool®, a brand of wireless handsets,
tablets and related products the Company sells to carriers,
distributors and retailers in Latin America. Additional
information can be found on its websites at www.infosonics.com,
www.cooltech.co/site/, www.oneclickstore.com and
www.verykool.net.
Forward-looking and cautionary
statements
Forward-looking statements in this press release
and all other statements that are not historical facts are made
under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements, including those
related to acquisition of premium retail brand operations,
expansion of our OneClick® retail store base,
continuation of our license agreements with Apple®,
comparisons to other successful retail operations, reliance upon
the expertise of others and achievement of profitable growth,
involve factors, risks, and uncertainties that may cause actual
results in future periods to differ materially from such
statements. There are a number of factors that could cause actual
events to differ materially from those indicated by such
forward-looking statements, including actions by third parties,
such as Apple®. These factors include, but are not
limited to, risks arising from prevailing market conditions and the
impact of general economic industry or political conditions in
the United States or globally. A
list and description of these and other risk factors can be found
in the Company's most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K, which can be
reviewed at www.sec.gov. These forward-looking statements
speak only as of the date of this release and we undertake no
obligation to publicly update any forward-looking statements to
reflect new information, events or circumstances after the date of
this release.
All product names, logos, and brands are property of their
respective owners. All company, product and service names used in
this website are for identification purposes only. Use of these
names, logos, and brands does not imply endorsement.
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SOURCE InfoSonics Corporation; Cool Holdings, Inc.