XWELL CEO Provides Update on Out of Airport Strategy and Naples Wax Center Acquisition

XWELL, Inc. (NASDAQ:XWEL) recently held an Investor Fireside Chat hosted by Water Tower Research, where CEO Scott Milford provided an update on the company’s out of airport strategy and the impact of its recent acquisition of Naples Wax Center. Milford highlighted the growth potential of Naples Wax Center, describing it as a profitable out of airport business with multiple avenues for expansion.

Naples Wax Center is a foundational business within XWELL’s portfolio, with a strong core skin-care segment and a scalable operating platform. Milford emphasized the company’s plans to leverage geographic synergies and reduce out of airport costs to expand Naples Wax Center’s presence by opening 8 to 10 additional locations in the next 12 to 18 months. Furthermore, XWELL aims to integrate additional wellness services into the Naples Wax Center model, such as aesthetic services, facial rejuvenation, and minimally invasive cosmetic treatments like Botox and dermal fillers. These new offerings will be supported by the XWELL Rewards Program.

During the Investor Fireside Chat, Milford also discussed XWELL’s strategy to capitalize on the growth of the Gig economy by evolving their Treat brand. This move aligns with the company’s focus on reinvesting in business growth and maximizing profitability across all its business units.

Milford reassured investors about XWELL’s solid capital position and ongoing initiatives to drive revenue and reduce overall costs. The company remains committed to delivering strong results and creating value for its shareholders.

For more details on the Investor Fireside Chat, a replay video webcast is available for access.

About XWELL, Inc.
XWELL, Inc. is a leading global health and wellness holding company that operates multiple brands, including XpresSpa, Treat, Naples Wax Center, XpresCheck, and HyperPointe.

Forward-Looking Statements
This press release may contain forward-looking statements, reflecting XWELL’s current plans and expectations for future results and events. These statements are based on information available as of the date of this release and are subject to risks and uncertainties that may cause actual results to differ materially. XWELL encourages readers to refer to the Company’s filings with the Securities and Exchange Commission for a comprehensive understanding of these risks. The company does not undertake any obligation to update or revise any forward-looking statements.

Media Contact:
Nicki Durazo
MWW
ndurazo@mww.com