NEW YORK, Feb. 09, 2016 (GLOBE NEWSWIRE) -- OTG EXP, Inc. (“OTG” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company elected to postpone the offering as a result of unfavorable equity market conditions and will continue to evaluate the proposed offering as market conditions develop.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About OTG EXP, Inc.
OTG is a high-growth company that is transforming the airport travel experience for millions of travelers every year. OTG combines world-class hospitality and award-winning cuisine with innovative design and state-of-the-art technology. OTG’s restaurant concepts are complemented by the Company’s tablet experience, which was the first of its kind in its industry. Since 1996, OTG has been redefining the guest experience in airports, transforming the way passengers interact with the terminal. The Company is currently one of the leading airport food and beverage operators in North America with more than 200 restaurant and retail locations across 10 airports.