SOURCE: RealBiz Media Group, Inc.

RealBiz Media Group, Inc.

April 15, 2016 08:00 ET

Board of RealBiz Revamped, Company Completes Deconsolidation

NEW YORK, NY--(Marketwired - Apr 15, 2016) - RealBiz Media Group, Inc. (OTCQB: RBIZ) today announced that four directors of the company had resigned and were replaced by three new directors, including the company's CFO.

Messrs. Donald Monaco, Pasquale M. LaVecchia, Douglas Checkeris and William Kerby resigned as directors of RealBiz Media Group effective Monday April 11th, 2016. Their resignations were not because of any disagreements with Real Biz on matters relating to its operations, policies or practices. Prior to their resignations, Messrs. Monaco, LaVecchia, Checkeris and Kerby served on the boards of both RealBiz Media Group, Inc. and Monaker Group, Inc. simultaneously. Their resignations were the final step in the deconsolidation of these two companies.

On April 12, 2016, the remaining RealBiz directors appointed Mr. Warren Kettlewell, Mr. Mike Craig and Mr. Thomas Grbelja as directors to fill the vacancies which existed due to the resignations of Messrs. Monaco, LaVecchia, Checkeris and Kerby on April 11, 2016. Mr. Grbelja currently serves as the Chief Financial Officer of RealBiz. Mr. Kettlewell was most recently the founding investor of Shotgun Fund and he still remains involved with several private venture capital companies. Mr. Craig was most recently President of MaaSPros Inc., a technology and licensing company. Both gentlemen bring a host of business knowledge and public company experience to the Board of RealBiz. 

"This was an essential final step in the deconsolidation of RealBiz from Monaker Group. The inter-company affiliations were not helpful to the growth plans we have set for the company," said Alex Aliksanyan, CEO of RealBiz. "We now are set with a wonderfully experienced Board independent from Monaker Group that can help guide and steer the company to further dramatic growth and traction," continued Mr. Aliksanyan.

About RealBiz Media Group, Inc.
RealBiz Media Group, Inc. is a real estate digital media and technology company whose proprietary video processing technology makes it one of the leaders in providing home video tours to the real estate industry. Its client base reaches more than 350,000 real estate agents and brokers. The company provides a series of products including a consumer portal at http://www.nestbuilder.com, an agent-only platform known as NestbuilderAgent 2.0, an agent social media and marketing solution known as ReachFactor, a growing MVA network, virtual tours and mobile apps. The company enjoys access to many of the nation's largest real estate companies with numerous approved vendors and national contracts.

Safe Harbor Statement
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information

  • CONTACT INFORMATION
    Vic Allgeier
    TTC Group, Inc.
    646-290-6400 tel
    646-841-4220 mobile
    vic@ttcominc.com