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InfoSonics Announces Strategic Name Change to Cool Holdings, Inc.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 Comany, and ultimately to handsome returns to our shareholders." About Cool Holdings, Inc. Forward-looking and cautionary statements 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.
View original content:http://www.prnewswire.com/news-releases/infosonics-announces-strategic-name-change-to-cool-holdings-inc-300666259.html SOURCE InfoSonics Corporation; Cool Holdings, Inc. |