NEW YORK, NY--(Marketwired - Feb 2, 2016) - RealBiz Media Group, Inc. (
The agreement leverages a direct marketing partnership between RealBiz's core competencies in real estate listing management and Belardi's excellence in list management and distribution. The long term partnership will bring added value to home buyers and their respective agents.
"This is a new area that we have entered and I foresee very high margin profitability from the resulting operations of the joint effort. I am excited to be partnering with Belardi Ostroy as they are the best in direct market implementation. We see significant revenues for 2016, accelerating as our marketing programs take hold and penetrate the market. It's great to be partners with the leader in this category," said Alex Aliksanyan, Chief Executive Officer of RealBiz Media Group.
First revenues for the new platform are expected during the end of second fiscal quarter 2016 and continuing on a quarterly basis. Significant revenue growth is projected in year two of the agreement, all at very high margins to RealBiz.
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 PowerAgent, 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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