Business
Board of RealBiz Revamped, Company Completes Deconsolidation
Board of RealBiz Revamped, Company Completes Deconsolidation.
About this update from Verus International, Inc.
[{"type":"text","content":"\n \n \n Board of RealBiz Revamped, Company Completes Deconsolidation\n \n \nBoard of RealBiz Revamped, Company Completes Deconsolidation\n \n NEW YORK, NY--(Marketwired - Apr 15, 2016) - RealBiz Media Group, Inc. (OTCQB: RBIZ) today announced that four directors of the company had resigned and were replaced by three new directors, including the company's CFO.\n Messrs. Donald Monaco, Pasquale M. LaVecchia, Douglas Checkeris and William Kerby resigned as directors of RealBiz Media Group effective Monday April 11th, 2016. Their resignations were not because of any disagreements with Real Biz on matters relating to its operations, policies or practices. Prior to their resignations, Messrs. Monaco, LaVecchia, Checkeris and Kerby served on the boards of both RealBiz Media Group, Inc. and Monaker Group, Inc. simultaneously. Their resignations were the final step in the deconsolidation of these two companies.\n On April 12, 2016, the remaining RealBiz directors appointed Mr. Warren Kettlewell, Mr. Mike Craig and Mr. Thomas Grbelja as directors to fill the vacancies which existed due to the resignations of Messrs. Monaco, LaVecchia, Checkeris and Kerby on April 11, 2016. Mr. Grbelja currently serves as the Chief Financial Officer of RealBiz. Mr. Kettlewell was most recently the founding investor of Shotgun Fund and he still remains involved with several private venture capital companies. Mr. Craig was most recently President of MaaSPros Inc., a technology and licensing company. Both gentlemen bring a host of business knowledge and public company experience to the Board of RealBiz. \n \"This was an essential final step in the deconsolidation of RealBiz from Monaker Group. The inter-company affiliations were not helpful to the growth plans we have set for the company,\" said Alex Aliksanyan, CEO of RealBiz. \"We now are set with a wonderfully experienced Board independent from Monaker Group that can help guide and steer the company to further dramatic growth and traction,\" continued Mr. Aliksanyan.\n About RealBiz Media Group, Inc.\n 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 a...