MIAMI, Sept. 18, 2018 /PRNewswire/ -- Cool
Holdings, Inc. (NASDAQ: AWSM) announced plans to continue the
expansion of both its Apple® Boutique stores under the
OneClick® brand and its Cooltech Distribution
business. Over the course of the last year, the Company has
acquired or opened 4 OneClick® stores in Florida, 6 stores in Argentina and 7 stores in the Dominican Republic.
Felipe Rezk, Chief Sales and
Marketing Officer of Cool Holdings, Inc. stated: "We plan to grow
our OneClick® footprint through a combination of both
organic growth with the development and construction of our own
stores and acquisition of strategic Apple® retailers
across the Americas. Our plan is to aggressively grow our store
footprint from 17 stores today to approximately 200 stores by 2021,
provided we can arrange the proper funding. Contemporaneously, we
plan to grow sales at our Cooltech Distribution unit.
Cooltech Distribution serves as both an internal supply partner to
all our OneClick® stores, as well as a supplier to other
Apple® and big box retailers. Cooltech maintains
direct sourcing relationships with accessory manufacturers such as
Bose, Belkin, Clik, EVE, JBL, Klipsch, Moshi, Sonos, Speck, Tech
21, Thule, Transcend and Zagg-Mophie, amongst others. Growing
both our retail footprint and our distribution business will enable
us to leverage our resources, grow sales and increase
profitability."
About Cool Holdings, Inc.
Cool Holdings is a
Miami-based company focused 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; Cooltech Distribution, 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 website at
www.coolholdings.com.
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 expansion of
our stores in various geographic regions, increases in sales and
profitability, acquisitions and continuation of our license
agreements with Apple®, 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 Cool Holdings, Inc.