FORT LAUDERDALE, Fla., Jan. 15, 2015 (GLOBE NEWSWIRE) -- via PRWEB - RealBiz Media Group, Inc. (OTCQB: RBIZ), RealBiz has hit a milestone for data processing speeds with its enhanced system, which is able to process two million listings in three hours.
RealBiz Media Group's core competency has always been its ability to process listings from various databases, convert those to video and make the videos easily accessible to the modern homebuyer on NestBuilder. While NestBuilder has been at the forefront of this technology, RealBiz has continued to expand its data feeds with key customers to give them tailored video solutions.At present, the demands on the company's technology for data processing has grown to include 22 separate real estate feeds from both regional and national accounts. This growth should continue as RealBiz brings on its mobile solution with the ezflix and NestBuilder apps as well as the rollout of several new customer MVA orders this quarter.
"Last year, the company embarked on improving the timelines for processing these data feeds to ensure the system could handle both the current and oncoming anticipated massive database of homes in our system," said Bill Kerby, CEO of RealBiz Media Group. "In 2014, our system usually would take up to 48 hours to do a full sweep of the system. But now to start out 2015, we have managed to reduce that time for video conversion of roughly two million listings down to three hours and set the stage for growth."
One additional strategic partner for which the company will be processing video is with Harmon Homes, a time-tested leader in local real estate publication and online solutions for real estate agents and brokers with over 40 years of experience in the industry. This feed of both MLS and exclusive home inventory will result in augmented video listings, with enhanced coverage in rural areas to which other services have limited or no access.
With this update to the system, RealBiz can claim they have the most robust and full featured video real estate portal in the country. "This overhaul of NestBuilder sets the stage for RealBiz as a whole. With all of our tools being linked with one another to create the perfect agent ecosystem of products, having this boost in processing as well as data is an essential factor to the growth of RealBiz in 2015," said Steve Marques, CRO/President of RealBiz.
This key enhancement should ensure RealBiz's ability to stay ahead of the curve in this competitive space, giving its customers the most up to date video listings in all areas of the country - the most important feature for homebuyers and sellers.
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 reaches more than 350,000 real estate agents and brokers. The company provides a series of products including a consumer portal at http://www.nestbuilder.com, an agent-only platform known as Nestbuilder Agent, an agent social media and marketing solution known as ReachFactor, a growing MVA network, virtual tours and mobile apps. The company enjoys access to many of the nation's largest real estate companies with numerous approved vendors and national contracts.
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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