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Last Post: 5/10/2022 2:58:50 PM - Followers: 555 - Board type: Free - Posts Today: 0

XpresSpa is the industry-leading luxury travel spa business, serving almost one million air travelers each year at its 57 locations in the United States, Holland and the United Arab Emirates, including spas in 23 airports and one off-airport location at Westfield World Trade Center in Manhattan. XpresSpa offers travelers premium spa services, including massages, reflexology, stress and tension relief, manicures, pedicures, facials and waxing.

Its “Xpres” services are specifically designed for the busy traveling customer. In stores and online, XpresSpa also sells exclusive luxury travel products and accessories, including travel pillows, blankets, massagers, and personal, hair, nail and bath and body products.

XpresSpa has over 750 employees, including talented teams of professionally licensed massage therapists, cosmetologists and nail technicians who are committed to providing exceptional customer experiences.

As of March 27, 2020, the Company had outstanding 44,950,030 shares of Common Stock. After giving effect to the issuance of the shares of Common Stock in the Offering, and assuming no exercise of the Pre-Funded Warrants, the Company would have outstanding 52,846,030 shares of Common Stock. 



XpresSpa Pursues Novel Coronavirus (COVID-19) Screening and Testing at U.S. Airports

Forms New Business Unit XpresTest
In Discussions for Initial Testing with Three Major Airports

NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) -- XpresSpa Group, Inc. (Nasdaq: XSPA) (“XpresSpa” or the “Company”), today provided an update on recent discussions with local airport authorities and healthcare partners so that it may begin providing screening and testing for novel coronavirus (“COVID-19”) at U.S. airports. COVID-19 screening and testing would be conducted by converting select existing spa locations for this purpose on an interim basis and over time, potentially adding separate, standalone airport locations as testing sites.

XpresSpa’s U.S. airport real estate portfolio consists of 46 locations across 23 airports that are ready to be reactivated and redeployed in short order, subject to the approval of local airport authorities. The Company’s global spas are temporarily closed due to recent local government mandates categorizing its traditional services as “non-essential services”.

Since March 19, 2020, XpresSpa has been advancing discussions with healthcare partners to develop a model for COVID-19 screening and testing in U.S. airports as a much-needed public service. The Company has also recently filed paperwork in the State of Delaware to form a new business unit to administer such screening and testing capabilities, XpresTest, Inc., as a wholly-owned subsidiary of XpresSpa Group, Inc.

While nothing definitive has yet been finalized, XpresSpa is currently in discussions with three major airports, JFK International Airport, Hartsfield-Jackson Atlanta International Airport and Chicago O'Hare International Airport to pilot COVID-19 screening and testing for airline employees, contractors and workers, concessionaires and their employees, TSA agents, and U.S. Customs and Border Protection agents. The Company is also in the process of recruiting a medical director who would work alongside healthcare officials to help design safe and compliant protocols and train employees.

Doug Satzman, Chief Executive Officer, XpresSpa said, “We are moving forward with our public and private relationships to make COVID-19 screening and testing in U.S. airports a reality and hopefully will be able to begin pilot testing shortly for the benefit and protection of our fellow citizens. Since the onset of this pandemic, we have thought that we can and should play a significant role within the travel sector in the fight against COVID-19 and other highly contagious diseases in the future given our airport relationships, infrastructure, workforce with TSA clearance and strong desire to keep everyone safe.”

The Company recently announced its partnership with Relevant Healthcare. Relevant Healthcare is currently offering clinical diagnostic testing for COVID-19 through its contracts with Laboratory Corporation of America® (“LabCorp”) and Quest Diagnostics™ (“Quest”) to support full COVID-19 RT-PCR testing. In addition, the Company is also in active discussions with [Aytu BioScience (NASDAQ: AYTU; “Aytu”)], a specialty pharmaceutical company, and marketer of a COVID-19 IgG/IgM Rapid Test, and [Henry Schein Medical (“Henry Schein”)], the world’s largest distributor of health care solutions to office-based dental and medical professionals, and the developer of the Standard Q COVID-19 test, to deploy their respective rapid antibody blood testing solutions.

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#68422   Looks great! Also think it’s going to see Klinsmann 05/10/22 02:58:50 PM
#68421   I saw two people getting massages in an Howie1984 04/21/22 04:29:48 PM
#68420   ah how I feel all sore! Frankestin 03/28/22 01:35:07 PM
#68419   In my family they are all positive! Frankestin 03/28/22 04:52:56 AM
#68418   hearing xspa will be getting a bigger cdc stockchaser64 03/21/22 12:28:57 PM
#68417   we are buying 500 thousand shares today. company stockchaser64 03/21/22 12:11:18 PM
#68416   Come on give us fireworks!!!! Frankestin 03/18/22 12:01:13 PM
#68415   Scott has earned leadership on the field! Frankestin 03/17/22 01:52:30 PM
#68414   Come on, it seems that peace is coming Frankestin 03/16/22 11:35:47 AM
#68413   unreal! I guess someone is pissed off! Frankestin 03/15/22 06:26:33 PM
#68412   TIC TOC TIC TOC TIC TOC Frankestin 03/15/22 10:38:29 AM
#68411   I add a little! Frankestin 03/14/22 10:42:40 AM
#68410   possible buyout soon stockchaser64 03/05/22 09:59:36 AM
#68409   I added 1.13! Frankestin 02/22/22 10:11:21 AM
#68408   Major CDC update - big impact on the title Frankestin 02/04/22 06:58:14 AM
#68407   True to all that!! Let’s see what is stocksrising 01/25/22 11:51:45 AM
#68406   There are personal reasons! It seems that they Frankestin 01/22/22 03:09:21 AM
#68405   Any idea why Satzman out( besides boiler plate stocksrising 01/21/22 01:45:39 PM
#68404   New IHU variant with more omicron mutations, reported Frankestin 01/05/22 01:52:43 AM
#68403   just added some! Frankestin 01/03/22 09:59:22 AM
#68402   I think it is better for everyone to Frankestin 01/03/22 09:22:19 AM
#68401   I've been buying $2/$2.50 Options w/Call Dates Jan IonStock 01/03/22 08:48:31 AM
#68400   ONLY bookings from the website: Frankestin 01/03/22 06:07:00 AM
#68399   BIG! I can't wait to hear that more test Frankestin 12/29/21 04:17:29 AM
#68398   I'm still surprised, almost stunned that there's only IonStock 12/27/21 10:17:11 AM
#68397   Oh oh ohhh Frankestin 12/23/21 10:56:48 AM
#68396   The Centers for Disease Control and Prevention (CDC) Frankestin 12/21/21 02:43:10 PM
#68395   I find it very odd that there's been IonStock 12/02/21 08:18:19 AM
#68394   “We are actively working to scale up this Frankestin 11/30/21 09:05:25 AM
#68393   Nice AH action today. Tim696969 11/29/21 09:56:38 PM
#68392   Will the new variant send us to the moon? Frankestin 11/26/21 03:32:33 AM
#68391   MC $144 M Frankestin 11/16/21 02:41:10 AM
#68390   MC $ 150 milion Frankestin 11/15/21 04:20:25 PM
#68389   Strong testing numbers, concurrent with the resumption of Frankestin 11/15/21 04:15:58 PM
#68388   Tic toc Frankestin 11/15/21 04:14:39 PM
#68387   Someone covers! Frankestin 11/15/21 03:22:09 PM
#68386   Breaking 1.90 now, usual up and down expected, Three2001 08/31/21 01:55:20 PM
#68385   Stock Repurchase Program Frankestin 08/31/21 08:19:09 AM
#68384   We got government contract time to trade this Omri3606 08/24/21 10:08:48 PM
#68383   Can't understand why this room is so quiet, Three2001 06/16/21 05:30:59 PM
#68381   You still a virgin or what? Loudanepro 06/08/21 09:54:29 PM
#68380   The chatter will come Loudanepro 06/08/21 09:54:01 PM
#68379   I was expecting to see more chatter here KendraIrene 06/08/21 12:47:18 PM
#68378   Thought there would be more chatter here. The Three2001 06/07/21 04:57:21 PM
#68377   Said it once, say it again, go to> Three2001 06/06/21 09:39:25 PM
#68376   This should be looked at... Three2001 06/03/21 05:42:13 PM
#68375   This aged well ?? Loudanepro 05/27/21 01:38:36 PM
#68374   What shouldn’t you sell may be a better question. Loudanepro 05/18/21 08:44:25 PM
#68373   I'm thinking about what to sell to buy here! Frankestin 05/18/21 09:52:46 AM
#68372   $XSPA is headed for the top in the AlphaStockNews 05/18/21 08:23:13 AM
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