WESTON, FL--(Marketwired - Aug 18, 2015) - Monaker Group, Inc. (
Dear Fellow Shareholders,
I am happy to report we have made significant progress improving the foundation of the Company and launching initiatives on several fronts that should achieve meaningful growth and viability for our Company benefitting Monaker Group Stakeholders. In the past 100 days, the Company came to terms with key debtholders whereby it was able to modify and/or eliminate debt and restrictive covenants hampering our plans. These changes allowed us to immediately commence building out our core assets and foster key new partnerships.
Monaker at its core is a video centric marketing company that has positioned itself at the forefront of the exploding video market. Large corporations are racing to catch up with consumer's insatiable desire to obtain information and entertainment through video platforms that additionally provide the ability to transact. Monaker has focused its efforts on arguably the three highest consumer passion areas "Travel, Home and Work," knowing that a customer in one vertical is highly likely to be a potential customer in the other two verticals enabling us to cross market the platforms. In order to accelerate our platforms, the Company has established key supplier relationships in the home, travel and employment verticals based on our ability to better market their products utilizing video to targeted consumers across large distribution channels. In short we strive to provide the right product to the right customer at the right time!
We have recently reported by press release a number of milestones including completing our corporate name change to Monaker Group Inc., and we are in the final stages of updating our new corporate websites (www.MonakerGroup.com, www.HomeAndAwayClub.com, www.Maupintour.com, www.NextTrip.com) as well as previously announced partner portal websites (e.g. www.NameYourFee.com, www.uBid.com, www.RRTV.com and are in the process of adding key Tourism Boards as joint marketing partners) to reflect current initiatives and activities.
On July 24, 2015 we were approved and began trading under our new trading symbol MKGI on the OTC Markets OTCQB platform. The OTCQB venture market is home to approximately 1,000 U.S. and international companies that have uniformly met the new standards and eligibility requirements that were implemented over the last year. More than 2,000 companies were removed from OTCQB for failing to meet the OTCQB standards. The new OTCQB standards were introduced to efficiently provide a public venture market for dynamic companies to mature and expand their businesses.
We are current with our SEC and Regulatory filings and our primary goal is to scale the Monaker Group businesses across the Travel, Employment and Home Consumer Sectors. To that end we have issued news on several fronts as follows:
Travel
Home
Employment
Corporate Branding
As many of you may know, earlier this year Monaker Group (formerly Next 1 Interactive) and RealBiz Media (
Strengthening the Team
In May, we added Jeff Stutin as Manager of Travel Operations. Jeff brings over 30 years of experience in the travel industry having worked with cruise lines, major travel consortiums and wholesalers assisting with operations, systems integration, marketing and sales.
In June, Richard Marshall joined Monaker as Director of Corporate Development. Richard brings over 20 years of experience working within public companies; most recently serving as Chief Development Officer for Digital Education Company. Prior to that position, Richard served as VP Investor Relations for a large multinational mining company and served as their VP of Corporate Development for several years during their growth and acquisitions phase. Prior to roles in Corporate Development and Investor Relations, Richard held sales and management positions at several investment banking firms.
In July, we added Andrew McGlasson as our Director of Sales. Andy comes from the retail software space having worked with Omni channel, Smart Space and Oracle. Key strengths include guiding projects from development stages through implementation of marketing programs and sales. Andrew understands how to establish effective partnership while remaining ever mindful to create substantial value for all parties thereby ensuring long term relationships.
I am also happy to report that Adam Friedman, our CFO has also chosen to focus all his time and attention at Monaker Group. Adam had previously split time between Monaker Group and RealBiz.
Going Forward
We are excited about our current focus and initiatives with various Monaker businesses and interests and believe we are well positioned to take advantage of the uptrend in the Travel, Employment and Home consumer sectors.
Thank you for your continued interest and support.
Sincerely,
Bill Kerby
Monaker Group Chairman and CEO
About Monaker Group:
Monaker Group is a digital media marketing company focusing on lifestyle enrichment for consumers in the Travel, Home and Employment sectors. Core to its marketing services are key elements including proprietary video-centered technology and established partnerships that enhance its reach. Video is quickly becoming consumers preferred method of searching and educating themselves prior to purchases. Monaker's video creation technology and film libraries combine to create lifestyle video offerings that can be shared both to its customers and through "Trusted distribution systems" of its major partners. The end result is better engagement with consumers who gain in-depth information on related products and services helping to both inform and fulfill purchases. Unlike traditional marketing companies that simply charge for advertising creation, Monaker holds licenses and/or expertise in the travel, real estate and employment sectors allowing it to capture fees at the point of purchase while the majority of transactions are handled by Monaker's partners. This should allow the company to capture greater revenues while eliminating much of the typical overhead associated with fulfillment. Monaker Group's core holdings include Maupintour, NameYourFee.com and RealBiz Media Group -- helping it to deliver marketing solutions to consumers at home, work and play.
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:
Monaker Group, Inc.
Richard Marshall
Director of Corporate Development
rmarshall@monakergroup.com
+1 (954) 888-9779
Chesapeake Group
Kevin Holmes
info@chesapeakegp.com
+1 (410) 825-3930