Business
RealBiz Announces New Food Operations Division; Chief Executive Officer
RealBiz Announces New Food Operations Division; Chief Executive Officer.
About this update from Verus International, Inc.
[{"type":"text","content":"\n \n \n RealBiz Announces New Food Operations Division; Chief Executive Officer\n \n \nRealBiz Announces New Food Operations Division; Chief Executive Officer\n \n 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.\n 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.\n 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.\n \"I am looking forward to tremendous growth and expansion in our first year of operations,\" said Mr. Bhatnagar. \n \"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.\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 o...