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2017-02-03

FORM Holdings Corp.: FORM HOLDINGS ACQUIRES EXCALIBUR INTEGRATED SYSTEMS INC.

Acquisition Expands Group Mobile's Services Division with East Coast Hub and
Adds Marquee Customers

Rodger Jenkins Joins as Chief Strategy Officer of Group Mobile

CHANDLER, AZ - February 3, 2017 - FORM Holdings Corp. ("FORM") (NASDAQ: FH), a
diversified holding company, today announced that it has acquired Excalibur
Integrated Systems as a bolt on to its Group Mobile subsidiary.

Excalibur Integrated Systems is an end-to-end solutions provider of mobile
hardware devices, wireless network security, data networking, mobile
solutions application development and software solutions. Excalibur designs,
installs, integrates and implements a broad range of flexible technologies.

In 2016, Excalibur was profitable, generating over $5 million in revenue.
Excalibur's clients include Shaw Industries Group, Nissan Motor Corporation,
MAHLE Corporation, Eastman Chemical, Husqvarna Group, VT Engineering and
Camping World.

"We expect that the acquisition of Excalibur will propel the expansion of
Group Mobile's reach in the rugged and semi-rugged computing peripheral and
services sector. In the 15 months since acquiring Group Mobile, we have
assessed several potential acquisitions. Excalibur's services capabilities,
alongside its reputation built on long standing relationships and repeat
business from many of the leading domestic industrial manufacturing
organizations, makes it a unique player in the sector. We believe this
acquisition will accelerate growth at a consolidated level, driven by greater
scale and numerous synergies. We look forward to Rodger Jenkins and his team
joining us," said Andrew Perlman, Chief Executive Officer of FORM Holdings
Corp.

"We are thrilled to announce this transaction with Group Mobile," said Rodger
Jenkins, President and Chief Executive Officer of Excalibur Integrated
Systems, "Since inception, it has been our mission to provide powerful
solutions and systems to our customers. We look forward to leveraging Group
Mobile's resources to execute on opportunities that will enable us to further
grow our business by continuing to deliver top-of-the-line products and
services to our clients," Mr. Jenkins continued.

"For more than 15 years, I have had a close working relationship with
Excalibur and Rodger Jenkins. I have become very familiar with the
organization's industry leading standards and am honored to work in
partnership moving forward. Our goals moving forward are tightly aligned at
this exciting time for the company," said Darin White, President Group
Mobile.

Rodger Jenkins is a 35-year industry veteran and has served on the industry
advisory boards of Motorola and Honeywell. He joins Group Mobile as Chief
Strategy Officer.

Under the terms of the agreement, Excalibur shareholders will receive 888,573
shares of FORM Holdings common stock. In addition, Excalibur shareholders are
eligible to receive potential earnout payments to be more fully described in
FORM Holdings' Current Report on Form 8-K to be filed with the Securities and
Exchange Commission.

About Excalibur Integrated Systems

Excalibur Integrated Systems has grown to become a leading industry expert in
wireless network security, data networking, telephony, and mobile application
development and software solutions. Excalibur designs, installs, integrates
and implements a broad range of flexible technology from strategic
partnerships with Motorola, Extreme Networks, Aerohive Networks, Honeywell,
LANDesk and Aruba Networks as customized, turnkey solutions for its clients.

About Group Mobile

Group Mobile, a wholly-owned subsidiary of Form Holdings Corp. (NASDAQ: FH),
headquartered in Phoenix, AZ, serves customers world-wide. Group Mobile is a
growing and
innovative full end-to-end solution provider of rugged mobile hardware,
lifecycle services, system
integration, hardware service support, pre-and post-deployment, break-fix,
warranty repair, customer
support helpdesk and more - all constructed to solve pressing problems and
ensure our customers are receiving exceptional value, return on investment
and a trusted long-lasting partnership. Group Mobile has mastered the true
challenges of mobility through understanding the key elements required for a
successful mobile deployment - hardware, connectivity, data and customer
back-end network
infrastructures. Visit,www.groupmobile.com

About FORM Holdings Corp.

FORM Holdings Corp. (NASDAQ: FH) is a publicly held diversified holding
company that specializes in identifying, investing in and developing
companies with superior growth potential. FORM's current holdings include
XpresSpa, Group Mobile, FLI Charge, Infomedia and intellectual property
assets. XpresSpa is the world's largest airport spa company with 52
locations across 24 major airports. Group Mobile is a provider of rugged,
mobile and field-use computing products, serving customers worldwide. FLI
Charge designs, develops, licenses, manufactures and markets wireless
conductive power and charging solutions. Infomedia is a leading provider of
customer relationship management and monetization technologies to mobile
carriers and device manufacturers. FORM Holdings' intellectual property
division is engaged in the development and monetization of intellectual
property. To learn more about Form Holdings Corp.,
visit:www.FormHoldings.com.

Forward-Looking Statements

This press release includes forward-looking statements, which may be
identified by words such as "believes," "expects," "anticipates,"
"estimates," "projects," "intends," "should," "seeks," "future," "continue,"
or the negative of such terms, or other comparable terminology.
Forward-looking statements are statements that are not historical facts.
Such forward-looking statements are subject to risks and uncertainties, which
could cause actual results to differ materially from the forward-looking
statements contained herein. Statements in this press release regarding the
acquisition of Excalibur Integrated Systems; the potential of FORM's business
after the acquisition; the ability to raise capital to fund operations and
business plan; market acceptance of FORM products; the collective ability to
protect intellectual property rights; competition from other providers and
products; and any other statements about FORM's management team's future
expectations, beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such
forward-looking statements, including, but not limited to: the inability to
realize the potential value created by the acquisition for FORM's
stockholders; FORM's inability to maintain the listing of its securities on
the Nasdaq Capital Market; the potential lack of market acceptance of FORM's
products; FORM's inability to monetize and recoup FORM's investment with
respect to assets and other businesses that that were acquired or will be
acquired in the future; general economic conditions and level of information
technology and consumer electronics spending; unexpected trends in the mobile
phone and telecom computing industries; the potential loss of one or more of
FORM's significant Original Equipment Manufacturer ("OEM") suppliers; market
acceptance, quality, pricing, availability and useful life of FORM's
products and services, as well as the mix of FORM's products and services
sold; potential competition from other providers and products; FORM's
inability to license and monetize FORM's patents, including the outcome of
litigation; FORM's inability to develop and introduce new products and/or
develop new intellectual property; FORM's inability to protect FORM's
intellectual property rights; new legislation, regulations or court rulings
related to enforcing patents, that could harm FORM's business and operating
results; FORM's inability to retain key members of its management team; and
other risks and uncertainties and other factors discussed from time to time
in our filings with the Securities and Exchange Commission ("SEC"), including
FORM's Annual Report on Form 10-K for the year ended December 31, 2015 filed
with the SEC on March 10, 2016. FORM expressly disclaims any obligation to
publicly update any forward-looking statements contained herein, whether as a
result of new information, future events or otherwise, except as required by
law.

Contacts:

FORM Holdings

212-309-7549
info@FORMHoldings.com

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FORM Holdings Corp. via Globenewswire

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