NEW YORK, June 26, 2017 (GLOBE NEWSWIRE) -- FORM Holdings Corp. (“FORM”) (Nasdaq:FH), a diversified holding company, today announced that it has been added to the Russell Microcap Index as part of Russell Investments’ annual reconstitution that took place after market close on June 23, 2017.
“We are excited for FORM’s inclusion in the Russell Microcap Index,” stated Andrew Perlman, the Company’s Chief Executive Officer. “Our acquisition of XpresSpa in December 2016 marked the beginning of our pursuit to become the preeminent health and wellness service company in today’s public marketplace. XpresSpa is a highly differentiated asset with substantial growth potential. Our operational transition is nearly complete and we expect our improving operations, along with the addition to the Russell Microcap Index, will help increase our visibility within the investment community and ultimately enhance shareholder value as we communicate and execute on our strategic initiatives.”
The Russell Indices provide a comprehensive and unbiased barometer for evaluating stock performance in the U.S. and world-wide equity markets and are completely reconstituted annually to ensure new and growing equities are reflected.
About FORM Holdings Corp.
FORM Holdings Corp. (NASDAQ:FH) is a publicly held diversified holding company that specializes in identifying, investing in and developing companies with superior growth potential. FORM's current holdings include XpresSpa, Group Mobile, FLI Charge, Infomedia and intellectual property assets. XpresSpa is the world's largest airport spa company. Group Mobile is a provider of rugged, mobile and field-use computing products, serving customers worldwide. FLI Charge designs, develops, licenses, manufactures and markets wireless conductive power and charging solutions. Infomedia is a leading provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers. FORM Holdings' intellectual property division is engaged in the development and monetization of intellectual property. To learn more about Form Holdings Corp., visit: www.FormHoldings.com.
Contacts: FORM Holdings Jeff Sonnek ICR 646-277-1263 Jeff.Sonnek@icrinc.com
Source:FORM Holdings, Corp.