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XOJET Soars as 2007 Robb Report "Best of the Best"

XOJET Exchange Ownership honored as top Robb Report private aviation pick

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SAN CARLOS, CALIFORNIA - June 6, 2007 - Today XOJET announced that it has been recognized as a "world's best" private aviation provider by premier lifestyle publication Robb Report. In its June issue, Robb Report selected XOJET's breakthrough Exchange Ownership model as one of the world's leading private jet ownership solutions.

Each year Robb Report's elite "Best of the Best" list showcases the finest in cars, yachts, timepieces, jewels, clothing, resorts, restaurants and aviation. The magazine's top choices for private aviation services and aircraft represent the fastest, most stylish and most convenient means of travel. The much anticipated June Best of the Best issue profiled the advantages of XOJET Exchange Ownership, a next-generation ownership model that uses operational innovation to aggressively drive down ownership costs while dramatically improving the ownership experience.

"XOJET is honored to be recognized by a publication that serves an influential readership, and is a respected authority on the quality of jet ownership solutions," said Paul Touw, president and CEO of XOJET. "This accomplishment is especially notable after only two years in business, and we look forward to continuing to build our reputation for delivering best-in-class jet ownership in the months and years ahead."

By cutting the cost of ownership by 20 to 40 percent, XOJET Exchange Ownership has rapidly distinguished itself as the world's economical way to own a jet. XOJET's model cuts the ownership fixed costs, deadheads and ferry flights that typically weigh down the costs of fractional programs, card programs and even independent ownership. Owners pay no monthly management fees or fixed costs, and only a low direct operating cost to fly. In addition, the company has raised the ownership service standard by delivering tangible performance advantages including: airline-grade safety, better than 99 percent on-time performance, a fleet consisting entirely of new jets, financial-backed trip performance guarantees and a dramatically simplified owner experience.