One Horizon Group to Acquire Majority Interest in MAHAM

One Horizon Group (NASDAQ:OHGI) announced on Thursday that it has entered into an Exchange Agreement with the members of MAHAM LLC for a 51 percent stake in MAHAM.

As quoted in the press release:

MAHAM yoga offers 60-minute, high-intensity yoga ‘flow’ classes set to upbeat hip-hop and pop music ranging from Biggie Smalls to Justin Bieber. Classes take place in a world-class, infrared and heated facility in the heart of Miami Beach. Featuring a one-of-a-kind video wall, MAHAM implements 3D mapping and visual effects transporting its members from Bali to the Swiss Alps. Attracting top celebrities who make MAHAM a must-stop when passing through Miami, not to mention the many celebrities who live in Miami and frequent the studio along with a trend-setting, wellness-minded crowd, MAHAM is transforming the yoga industry. MAHAM is run by Skylar Hauswirth, the concierge to high-profile celebrities and ultra-high net-worth individuals, who is one of the founders of the highly successful Model Volleyball tournament that has taken over Miami Beach for the past ten years.

“With the hottest studio on Miami Beach, our exclusive Yacht Yoga and the upcoming launch of our subscription-based streaming service featuring live and on-demand classes with some of the sexiest people in the world, we could not be more excited about our future as a One Horizon company,” commented Skylar Hauswirth, Founder and President of MAHAM. “From inception, our concept has been to bring yoga to the next level and create an experience that is as addictive as it is fun – this is high-intensity yoga that will get you sweaty, sexy and in the best shape of your life. With our video wall and cutting-edge, multi-angle camera system and pulsing music, MAHAM members love our vibe and our streaming service will be like none other. Together with One Horizon, we welcome all to try our inviting form of yoga that is disrupting the industry.”

“MAHAM yoga innovation in combination with our 123Wish Platform technology and streaming media capabilities led by our Chief Technology Officer, Spencer Christopher, who joined us from Apple several months ago and who has been leading the MAHAM technology integration and expansion efforts, places us poised to bring MAHAM yoga from Miami Beach to the world,” said Mark White, Founder and CEO of One Horizon. “We fully expect that the digital engagement from the launch of the streaming platform will be a significant growth driver for the MAHAM business.”

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