Business
Outgoing RealBiz Chairman - CEO Reports on Completion of De-Consolidation and Recap of Company Progress
Outgoing RealBiz Chairman - CEO Reports on Completion of De-Consolidation and Recap of Company Progress.
About this update from Nextplay Technologies, Inc.
[{"type":"text","content":"\n \n \n Outgoing RealBiz Chairman - CEO Reports on Completion of De-Consolidation and Recap of Company Progress\n \n \nOutgoing RealBiz Chairman - CEO Reports on Completion of De-Consolidation and Recap of Company Progress\n \n FORT LAUDERDALE, FL--(Marketwired - Aug 7, 2015) - RealBiz Media Group, Inc. (OTCQB: RBIZ) announced today the Board has appointed Don Monaco as the Chairman, and Alex Aliksanyan as the CEO, replacing William Kerby. Mr. Kerby, who founded the company in October of 2012, sees his resignation as the final steps in a six month transition that has resulted in the de-consolidation of the company's management, financial reporting and operations. RealBiz has now emerged as a pure real estate service provider, with key emphasis on its patented video creation technology and supporting social media platforms. With this move, Mr. Kerby will now be devoting the majority of his time and attention to growing Monaker Group, Inc. (OTCQB: MKGI) as the company's Chairman and CEO. He will remain on the RealBiz Board, as well as assuming the role of Corporate Secretary.\n Mr. Kerby's final report to the Board and Shareholders\n Since founding RealBiz in October of 2012, the company has made great strides in capturing a leading position in video production for the real estate industry. The road has not been without challenges, but there are a number of significant accomplishments that should be highlighted as we approach our three year anniversary.\n One too often overlooked, due to technical development timelines, is that RealBiz has achieved industry leadership status in the real estate video creation arena and is on pace to produce over 5,500,000 videos this year. This is many times the production of our next closest competitor. With continued enhancements to the processing engine, the company can now process up to 500,000 images per hour, allowing ample room for future expansion. The company has become a trusted provider, handling over 20 key industry feeds (including strategic partners like List Hub, 40 MLSs and hundreds of National and regional brokers), thus ensuring its video listing are both timely and accurate for its customers.\n Key milestones for RealBiz included:\n \n \n The transitioning of the company from virtual tours to a comprehensive video creation and marketing platform.\n \nAccelerating processing spee...