NEW YORK, NY--(Marketwired - Dec 15, 2016) - RealBiz Media Group, Inc. (OTCQB: RBIZ), is pleased to announce that Mr. Anshu Bhatnagar will join the company, effective January 2, 2017, as its Chief Executive Officer. The current Chief Executive Officer, Mr. Alex Aliksanyan will remain with the company, serving as President of Real Estate Operations.
Mr. Bhatnagar brings a wealth of experience in food distribution, manufacturing and operations and will be heading a major new investment by the company into the global Fast Moving Consumer Goods (FMCG) and Consumer Packaged Goods (CPG) sectors. Previously Mr. Bhatnagar was the Chief Executive Officer for US based global food distributor American Agro Group and its Dubai affiliate, growing that company's revenues to over $100,000,000 in four years. Mr. Bhatnagar is also the Managing Member of the private equity firm Blue Capital Group which focuses on commercial real estate and investments in cross sector companies. The existing real estate operations, including video production for some of the most marquee brands in the industry, will continue reporting to Mr. Aliksanyan.
The initiative into the FMCG sector is seen as a major investment for the company as global demand for food is anticipated to grow significantly for the foreseeable future. The company will focus on international distribution of fruits, nuts, honey and meats. Mr. Bhatnagar's wealth of experience in distributing and manufacturing in the Middle East and the Gulf Cooperation Council (GCC) countries uniquely positions RealBiz for success.
"I am looking forward to tremendous growth and expansion in our first year of operations," said Mr. Bhatnagar.
"While the commoditizing of the real estate video business has been a drag on revenues, I see great new opportunities in Anshu's vision of a vertically integrated consumer model. We are just expanding our consumer touch points from helping sell homes to the food products you bring every day into your homes," followed 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 Nestbuilder Agent, an agent social media and marketing solution known as ReachFactor, a growing microvideo app 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.
RealBiz Media Group, Inc. (OTCQB: RBIZ) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. Companies on the OTCQB must remain current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the company on www.otcmarkets.com.
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