SOURCE: RealBiz Media Group, Inc.

January 16, 2014 08:00 ET

RealBiz Media Group Announces Partnership With Builders Update

New Home Construction Inventory Will Now Be Available to Real Estate Agents and Homebuyers Exclusively on nestbuilder.com

FORT LAUDERDALE, FL--(Marketwired - Jan 16, 2014) - RealBiz Media Group, Inc. (OTCQB: RBIZ), a real estate digital media and technology company, and Builders Update today announced their partnership to exclusively provide real estate agents direct access to new homes and homes under construction by homebuilders throughout the U.S. on RealBiz Media Group's nestbuilder.com.

Builders Update's database inventory, currently including over 110,000 properties, will be added onto the Nestbuilder platform, driven by RealBiz Media's patented video stitching technology, which already includes listings from the multiple listing services. The site expects to showcase over one million homes in video format by the end of the first quarter 2014.

"The addition of new construction homes directly from homebuilders strategically complements nestbuilder.com's listings of homes on the resale market. With this partnership, nestbuiler.com has dramatically strengthened its position as a key resource that encompasses the full range of available homes on the market at the community level," said Steve Marques, RealBiz Media Group president and chief revenue officer.

Through this new direct-to-agent tool, the agents' options are expanded to include both home listings for their clients as well as potential homebuyer leads directly to the agents at no fee. Agents can also access additional geo-specific inventory, greatly enhancing their ability to offer homebuyers a broader spectrum of homes in their communities. This additional inventory component is also available to homebuyers, who can contact registered agents directly regarding these new construction properties. Floor plans for custom ordering will also be available.

Lee Barry Goldstein, Builders Update chief operating officer, commented, "We are thrilled to partner with Realbiz because of our common business values. We have always been very selective about who we partner with; but Realbiz clearly shared our commitment to the agent community."

"This partnership greatly bolsters nestbuilder.com's unique ability to put homebuyers into direct contact with real estate agents. The agreement provides a strategic addition to the site's services through Builders Update, an established and respected real estate service company, which shares our vision of providing real estate agents cutting-edge tools to increase their leads and listings," said William Kerby, RealBiz Media Group chief executive officer.

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 includes more than 250,000 real estate agents and brokers. Through its wholly owned HomeTourNetwork operation, the company provides a Television video on demand network, a growing MVA network, and an existing Virtual Tour network. The company enjoys access to the nation's largest real estate companies with numerous approved vendors and national contracts, both key to its future development programs.

About Builders Update
Builders Update is the number one online source for new home inventory. It uses the latest map-based search technology to bring the most comprehensive and accurate listings of to-be-built homes, condos and lots directly to real estate agents and homebuyers. Its patented system consolidates everything an agent needs to know in one location they can access 24/7 and is fast, easy to navigate and secure. Its unique collaboration tools grant builders and vendors exclusive visibility to agents while bringing new levels of transparency and accountability to the agent/builder relationship. It provides homebuyers with unprecedented support, guidance and information in order to make informed decisions about the purchase of their dream home. It is a privately-held company headquartered in Austin, Texas.

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.

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