Cool Holdings, Inc. Announces Another Opening of Its OneClick Apple Boutique Stores in Orlando, Florida

The Opening of this Official Apple® Premier Partner Store Further Expands OneClick’s Relations with Simon Property Group.  The Home of the 17th OneClick Store is Orlando’s Most Trafficked Mall with Over 17 Million Annual Visitors

MIAMIAug. 28, 2018 /PRNewswire/ — Cool Holdings, Inc. (NASDAQ : AWSM ) announces the grand opening of its new Apple® OneClick® retail store in the Orlando International Premium Outlet Mall.  The 1,500 square foot location will be an Apple® Premier Partner store and will offer the entire suite of Apple® products, as well as third party accessories complementing the customer experience.  The store will provide service repairs to all product categories with a trained team of Apple-certified technicians.

Commenting on the new opening, Felipe Rezk, Chief Sales and Marketing Officer of Cool Holdings, Inc. stated: “We are extremely excited about the opening of this store in Central Florida, and, specifically, in the Orlando International Premium Outlet Mall that has over 17 million visitors each year.  We are expanding our relation with Simon Property Group, one of the most important mall operators in the country.  The new store brings our number of U.S. stores to four in Florida, including the two Miami stores located at Dolphin Mall and the Wynwood Art District, and our flagship store in Sawgrass Mills in Sunrise.  We are in the process of a full renovation of our Dolphin Mall store and we anticipate the new concept will be ready around the Christmas season.  We are very proud of our team of sales professionals, as well as our Apple-certified technicians, who are dedicated to providing each customer with the ultimate customer experience at all our stores. OneClick is committed to expand its footprint in North America.”

The Company’s 17 OneClick® retail stores are now comprised of 7 stores in the Dominican Republic, 6 stores in Argentina and 4 stores in the United States.

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.

About Orlando International Premium Outlets

Orlando International Premium Outlets is Florida’s largest outlet shopping destination spanning over 773,586 square feet and welcoming more than 17 million visitors annually. Located in the heart of Orlando’s booming hospitality industry, the center is only 5 minutes from Universal Orlando Resort and 10 miles from Walt Disney World Resort. Visitors and locals will enjoy an array of more than 180 outlet designer and name-brand outlet stores including adidas, Calvin KleinKarl LagerfeldTory Burch, Polo Ralph Lauren, Tommy HilfigerSteve MaddenSalvatore Ferragamo, Michael Kors, Coach, kate spade New York, Saks Fifth Avenue Off 5th, St. John Outlet, Ted Baker London, Forever 21, Nike, Under Armour, Victoria’s Secret (only outlet in market), Havaianas and Guess. In addition, Orlando International Premium Outlets offers 20 distinct dining options including Vinito Ristorante, a full-service Italian restaurant. Dining selections cater to wide variety of tastes including international flavors from Brazil and Latin America.

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.

 

Cool Holdings, Inc. Announces Acquisition of Apple Boutique Store Retail Chain in the Dominican Republic

Expands OneClick Chain to 16 Stores

MIAMI, August 20, 2018 – Cool Holdings, Inc. (NASDAQ: AWSM) today announced that it has expanded its Apple® partnership by completing the acquisition of a chain of seven OneClick® retail stores in the Dominican Republic. OneClick® is a certified Apple® partner and authorized reseller of Apple® products and other high-profile accessory brands. The acquisition resulted from the exercise of an Option Agreement negotiated as part of the Merger with Cooltech Holding Corp. (“Cooltech”) which closed March 12, 2018. As outlined in the Option Agreement, as amended, consideration for the option exercise consists of $4.3 million plus 625,077 shares of Cool Holdings common stock issuable to the shareholders of Cooltech at the time of the Merger. The $4.3 million of cash consideration consists of $3.7 million of cash previously advanced to the seller, the repayment obligation of which was cancelled, and the assumption by Cool Holdings of $600,000 of debt, which is due in installments in October 2018 and April 2019. All of the common stock issuable in connection with the option exercise will be “restricted securities,” as defined in Rule 144(a)(3), promulgated under the Securities Act of 1933.

Commenting on the acquisition, Mauricio Diaz, Chief Executive Officer of Cool Holdings, stated: “The acquisition of the Dominican Republic stores has been contemplated for some time, and we are pleased to finally complete the transaction. This now brings our total store count to 16, including the 7 new stores in the Dominican Republic, our 6 stores in Argentina and 3 stores in Florida. OneClick in the Dominican Republic has the first ever APR (Apple® Premium reseller) as its flagship store in Agora Mall in Santo Domingo. In addition, Galeria 360 in Santo Domingo and Blue Mall in Punta Cana have undergone a thorough remodeling process to become the first AAR (Apple® Authorized Reseller Monobrand) stores in the Dominican Republic. The remaining 4 stores (Blue Mall, Sambil and Piantini in Santo Domingo, and Santiago de los Caballeros) will be remodeled in the upcoming months. Through this acquisition we expect to leverage our resources, expertise and management talent to grow our revenue base as we work to drive our Company to profitability.”

The Company notes that following the issuance of the shares of common stock under the transaction, it will have 7,086,743 common shares outstanding. The Company further notes that it erroneously stated its outstanding share capital in a previous press release dated August 16, 2018, which this press release corrects.

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, optimization of inventory levels, increases in sales and profitability, deleveraging our balance sheet, 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.

Contact:

Vernon A. LoForti vern.loforti@infosonics.com 858-373-1675

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Cool Holdings, Inc. Announces Completion of $11.4 Million Debt Exchange

MIAMI, August 16, 2018 – Cool Holdings, Inc. (NASDAQ: AWSM) today announced that it has completed an exchange of $11.4 million of outstanding debt and related accrued interest into approximately 3,110,000 units at a price of $3.68 per unit. Each unit was comprised of (i) one share of common stock or 0% Series A Preferred stock of the Company and (ii) a warrant to purchase one share of common stock of the Company with an exercise price of $3.56 per share. The warrants are exercisable beginning six months after issuance and expire three years from the date of issuance. Each share of preferred stock is convertible into common stock on a one-for-one basis. The exchange of units for outstanding debt and related accrued interest was made in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”), provided by Section 3(a)(9) of the Act., and all of the securities issued in the transaction are “restricted securities.,” as defined in Rule 144(a)(3), promulgated under the Act. Following the transaction, the Company now has 7,202,284 common shares outstanding.

Commenting on the exchange, Mauricio Diaz, Chief Executive Officer of Cool Holdings stated: “We are pleased to complete this transaction that significantly enhances our capital structure, eliminates future debt service requirements and significantly improves our balance sheet. We are now moving forward with our plans to grow our chain of OneClick retail stores into new geographic regions and raise additional working capital to fuel sales growth.”

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, optimization of inventory levels, increases in sales and profitability, deleveraging our balance sheet, 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.

Contact:

Vernon A. LoForti vern.loforti@infosonics.com 858-373-1675

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