SOURCE: Monaker Group, Inc

Monaker Group, Inc

March 02, 2016 08:30 ET

Monaker Group Enters Agreement to Supply Alternative Lodging and Tour Products to Over 20,000 Travel Agents Worldwide

Monaker's Alternative Lodging Inventory 1st in Industry to Be Utilized by Travel Agents

WESTON, FL--(Marketwired - Mar 2, 2016) - Monaker Group (OTCQB: MKGI), a technology-driven travel and digital marketing company, announced today it has entered into a Preferred Supplier agreement with International Travel Organization (ITO) to supply two of Monaker's brands, Maupintour (high end tours) and AlwaysOnVacation (alternative lodging inventory). In exchange, ITO will actively promote Monaker's Travel brands and products through its travel professionals estimated at over 20,000 worldwide travel agents, with over 95% located in Europe and North America.

As a business practice, ITO dramatically minimizes the amount of product suppliers they work with worldwide. ITO believes having select suppliers gives their travel agents far greater expertise in the product, while the travel supplier is shown a comparatively substantial increase in revenue as a result. Whether for business or pleasure, ITO clients have a proven affinity for their agent's hands-on approach in providing quality personal service and unsurpassed value.

Bill Kerby, Chairman and CEO of Monaker Group stated, "Industry research shows that the average American household spent over $4,400 on travel in 2013. We believe our Monaker travel brands and products will help position ITO with additional opportunities for capturing leisure and luxury vacation business. As a direct result of this agreement, we expect to see more than a $2 million increase in revenues over the next year, thanks to ITO agents."

About International Travel Organization (ITO):

ITO is a privately-held travel management company headquartered in Cincinnati, Ohio, with operational/booking and support facilities for agents and travelers. Additionally the company has offices located in London, England. ITO is unique to the marketplace by offering opportunity, revolutionary technology, commissions, products and services to a worldwide marketplace that represents over 9-trillion annual global sales. ITO will have a "host" travel agent opportunity marketed to displaced or new travel agents looking to work from home and sell travel to earn commissions generated from related travel sales and services. The company's selective partnerships and agent expertise have helped accelerate ITO to over 20,000 travel agents globally.

About Monaker Group:

Monaker is a technology driven travel and digital marketing company. Core to the Company's services are key elements including technology, an extensive film library, media distribution, trusted brands and established partnerships that enhance product offerings and reach. Consumers are quickly adopting video for researching and educating themselves prior to purchases, and Monaker has carefully amassed video content, media distribution, key industry relationships and a prestigious Travel Brand as cornerstones for the development and successful deployment of core-technology on both proprietary and partnership platforms. Monaker recently launched its Video Tour Guides ("VTG") and customized video rich travel itinerary offerings, and launched its comprehensive travel platform in early 2016. Planned integrations and additional functionality to the Travel Platform include enhanced video, language conversion, and dynamic booking capabilities, all working together to assist the consumer in their decision and purchasing process. The platform is a combination of proprietary and licensed technology, connecting and searching both large travel suppliers and, perishing and alternative lodging inventories for the benefit of consumers and stakeholders.

Safe Harbor Statement:

This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker Group, Inc. These statements are only predictions and actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, some of which are out of our control. The potential risks and uncertainties include, among others, or the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker Group, Inc. undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Monaker Group, Inc.'s annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the period ended February 28, 2015 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.

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