Xhibit Corp. (fka XBTCQ)

[Renee]

XBTCQ: bankruptcy plan effective. All shares cancelled.

http://otce.finra.org/DLDeletions

[Railrazor63]

http://camarketing.com/ca-marketing-adds-skymall-to-growing-portfolio-of-iconic-brands/

C&A Marketing Adds SkyMall to Growing Portfolio of Iconic Brands

[Railrazor63]

[cyberbullymouse]

2012?? lol

[Railrazor63]

http://www.wkrg.com/story/28652552/move-over-skymall-sky2buy-is-the-new-mall-in-the-sky


Move Over SkyMall; SKY2BUY Is the New Mall in the Sky



Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact [e-mail].

SOURCE SKY2BUY

SUN VALLEY, Idaho, March 30, 2015 /PRNewswire/ -- After a difficult bankruptcy auction process, the purchase of SkyMall's brand name was announced last Friday, March 27th for $1.9 million, despite the fact that the loss of deals and mounting debts to airlines is what drove SkyMall into bankruptcy.

Plans have not been publicly announced for how the new owners of SkyMall intend to get the kitschy catalog company airborne again, but one fact is clear: SkyMall no longer has a monopoly to sell in the skies.

Scott Jordan, CEO and Founder of multi-pocket travel clothing company SCOTTeVEST intends to fill the vacuum created by SkyMall's loss of exclusive deals with the airlines by launching a new in-flight shopping experience: SKY2BUY. It will be in planes in test markets around the U.S. in June or July of this year.

Backed by Jordan, SKY2BUY is being developed as a special advertising section in airline magazines that are already onboard every flight.

The model is radically different from any seen before, since SKY2BUY is targeted specifically at travelers and rewards them with discounts. One is considered a SKY2BUY traveler when (s)he is in an airport, on an airplane or has arrived at his or her destination within the past 24 hours. The savings are made possible by selling direct to customers and working with airline magazines instead of creating standalone catalogs.

This unique, location-based model rewards travelers. The discounting concept is similar to a duty-free shop: a shopper can buy the same goods elsewhere, but only gets a special discount when traveling.

SKY2BUY will dial up the entertainment aspect that made SkyMall enjoyable by embracing creative content and making it more than just a catalog SKY2BUY's emphasis is on creating a high-end travel magazine with relevant shopping opportunities for travelers.

"This summer, fly with SKY2BUY, your new mall in the sky," said Jordan.

More About SKY2BUY

Full SKY2BUY details may be found at www.SKY2BUY.com.

Read about Scott Jordan at www.PocketMan.org.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/move-over-skymall-sky2buy-is-the-new-mall-in-the-sky-300057853.html

©2012 PR Newswire. All Rights Reserved.

[Railrazor63]

Lol, didn't say which way!

[cyberbullymouse]

Yeah, down.

[Railrazor63]

Life here? movement.

[Renee]

XBTC changed to XBCTQ, bankruptcy:

http://otce.finra.org/DailyList

[cyberbullymouse]

BAM! Bankruptcy.

Called that long ago. Idiots.

[cyberbullymouse]

What did you expect? Penny stock scammers tricked a desperate dying catalog into reverse-merging into some fake interactive dev company that actually made its money off marketing scammy neutracruticals.

The most rudimentary research would have unearthed that sad state of affairs.

[Reckless Precision]

This has been one of the most impressive death slides one could witness. Shorter's paradise.

[cyberbullymouse]

Betcha SkyMall is wondering what the hell they actually bought.

[Reckless Precision]

Highest volume since early Sept.

[cyberbullymouse]

Something very wrong is going on here. What has Skymall done? Dying biz model going for a last desperate cash grab because of WiFi on planes...? Hmmmmmm...,

[Reckless Precision]

Looking livelier again. Anyone remember what the pps did in mid Sept? ;)

[Reckless Precision]

Not big vol, but it was enough pressure to move the
pps - and it moved quick.

[cyberbullymouse]

It traded less than 2000 shares. You call that buying pressure?

LOL. When this one tries to pop, we'll be all over it. This one lit the scam beacon like very few I've ever seen before.

http://www.theatlantic.com/business/archive/2013/06/skymall-the-strange-story-of-americas-most-delightfully-weird-catalogue/276807/

[Reckless Precision]

Pretty immediate buying pressure on that dip to 1.65 on Thurs. Didn't stay down there for long.

[Reckless Precision]

Closed near the HOD! Seems like the market liked this news from Weds: http://www.prweb.com/releases/2013/9/prweb11111488.htm

[G-mann]

Still looks briiiight for tomorrow!

[Reckless Precision]

2.95! Seriously, just crickets? Did everybody else bail?

[Reckless Precision]

L2 looks thin to 2.50.

[Reckless Precision]

Oh yeah, it's a run baybee! Do I get to celebrate all alone? Ha ha!

[Reckless Precision]

Price action looking pretty good lately.

[Reckless Precision]

Wish I had bought later, lol.

[PoliSci]

Sounds like it's time to do some more DD. LOL

[lexstockfa]

I know... i don't know what am I doing anymore... can't seem to tell if this one is going up or down

[cyberbullymouse]

The real bottom involves real due diligence. That's already looking really ugly.

Caveat emptor, as they say.

[lexstockfa]

just following now, might get the real bottom soon

[cyberbullymouse]

So a company that sold scammy neutraceuticals, while pretending to be a webdev company is now going to run skymall.

What the heck is going on?

[Danna]

it was....wish I had bought sooner

[Danna]

http://finance.yahoo.com/news/chris-richarde-resigns-president-director-113444715.html

[lexstockfa]

been staring at it all day, I wonder if this is the bottom...

[janitor_unbound]

Nice bounce point here I think. I hope. In at .91 and 1.26

[Latinachica]

Going to follow but do not plan on buying products or shares.

[cyberbullymouse]

LOL. Not even close.

What the heck has SkyMall done to themselves?

[Jbob]

Bottom in yet...?

[cyberbullymouse]

A colleague asked me to check these guys out, as my company actually does what these folks pretend to do.

I was instantly suspicious of all the hyperbole and vaporware. Why does a largely offshore interactive marketing firm need to be publicly traded on the shady OTC in the US? Why does a company with strange filings, and no revs really derived from what they claim to do, have a market cap of nearly half a billion??

The more I dig, the worse it gets. And then I saw they reverse merged with SkyMall. WTF?

This article came to the same conclusion I did: there is likely something scammy going on. There is a good chance that this will completely ruin SkyMall's already somewhat goofy reputation.

The Atlantic - investigative piece

A highlight:

However, the company made $9.2 MM in revenue in 2012, with very healthy 52% gross margins. That sounds pretty good, but where does it come from? The answer comes buried deep in it's annual report:

During the first quarter of 2013 a majority of our revenues have been generated by these five employees from the sales of a weight loss product, colon cleanser and green coffee supplement...

As the profit margins for sale of these products is far higher than online marketing of education, home business or other services we have traditionally advertised, we have re-directed our advertising resources to this sector.

Ah, the answer to how Xhibit makes money. The company made money this year by selling spammy weight loss products. Last year, the company made money by selling online education and home-based business leads, but the profit was much better in nutraceuticals! But alas, this is a high risk game and the company's merchant banks aren't releasing the funds from recent credit card transactions:

None of our merchant banks were willing to immediately release the cash to us after they processed the credit cards used by our consumers to pay for these nutraceutical products. The combination of taking credit card numbers over the internet, selling products subject to more frequent returns, and selling products overseas resulted in a change in the policies of the merchant banks as they were concerned with a greater number chargebacks.

Failure to get the cash from these sales immediately with a potential delay as much as 100 days may result in the failure to meet other obligations on a timely basis, delay research and development or even impact our ability to meet payroll. We plan to raise short term capital to fund these sales.

So, in the best case the iconic SkyMall has merged with a company that makes its money selling spammy weight-loss products but poses as a marketing software company. The worst case could be much worse.

[Renee]

NB Manufacturing, Inc., NBMF, changed to Xhibit Corp., XBTC:

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/12/2012&mkt_ctg=OTCBB

[BamaDreamer]

8K noted...will watch.

[Burkhard]

Reverse Merger: NBMF $0.11 x $0.75

On 7/19/201, NB Manufacturing Inc. issued an 8K announcing that Larry Eiteljorg, Azul Dia, Inc., Beaux Beaux Partnership and Rocky Global Enterprises, Ltd. acquired 1,007,300 of the 1,400,028 total outstanding shares of NB Manufacturing, Inc., in exchange for a cash payment of $300,000. On July 11, 2011, the Registrant entered into a Letter of Intent with XHIBIT, LLC. acting through XHIBIT Corp. (now XHIBIT Management Corp.), which is its Manager. XHIBIT, LLC intends to acquire the following operating companies, each of which is now privately owned by parties not related to the persons named in this Report and which will become subsidiaries of the registrant when acquired: Stacked Digital, LLC, Spy Fire, LLC, and Hrizzo, LLC, all of which operate internet marketing and social networking businesses. There are no formal agreements in place yet for XHIBIT, LLC's acquisition of these companies, and, XHIBIT, LLC has and will have no operations unless and until one of more of those companies are acquired. Under the Letter of Intent, the Registrant and XHIBIT propose to engage in a reverse triangular merger resulting in XHIBIT becoming a wholly-owned subsidiary of the Registrant, and the members of XHIBIT, LLC becoming the majority owners of the Registrant, holding approximately 80% of the total outstanding shares. The proposed merger is subject to further negotiations between the parties as well as final documentation, and there is no assurance that it will occur.

Sieg