Xhibit Corp Agrees to Sale of Loyalty Business

Xhibit Corp, parent company of SkyMall, LLC, the purveyor of the iconic, in-flight catalog, SkyMall, and SkyMall.com, announced today that it has completed the sale of all of its interests in its loyalty business, SkyMall Ventures, LLC, to Connexions Loyalty, Inc., for a cash purchase price of approximately $24 million, plus up to $3.9 million in future contingent consideration. "The sale of our loyalty business is bittersweet," said Xhibit Chief Executive Officer Kevin Weiss.

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