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RealBiz Media Group Inc (OTCMKTS:RBIZ) Drops Some More

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RealBiz Media Group Inc (OTCMKTS:RBIZ) continues to drop heavily in recent weeks on decelerating volume. The stock made an explosive move up to highs of $0.39 back in February after several online newsletters including PennyStockTitans announced coverage of the stock. RBIZ moved big last year running off its base at $0.50 to highs over $4.50.

In recent news RBIZ announced significant strides in both cost reductions and revenue acceleration this quarter. After the first 60 days under the new CIO/COO and his CTO, RealBiz has seen an aggressive transformation of the company’s operations, products and services resulting in the emergence of a leaner and more efficient organization. Changes have included streamlining the company’s technology and marketing teams along with the elimination of a number of outside consulting firms. As a direct result of this, the company enters into its new quarter having achieved reductions in operation of over $80,000 monthly or roughly $1,000,000 annually from its overhead.

RealBiz Media Group Inc (OTCMKTS:RBIZ) 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 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.

According to PennyStockTitans ”RBIZ has produced over 10,000,000 videos in the last year, making it a leader in the real estate industry. Seriously, how is this still a penny stock?

The company’s proprietary technology allows for the automated conversion of data, including text and pictures of home listings, into video with voice and music. Once created, the videos can automatically be distributed to multiple media platforms (television, broadband, web and mobile) for consumer viewing. Berkshire Hathaway Home Services of the Carolinas (a brand of Warren Buffet!) has contracted RBIZ to maximize exposure through social media and SEO.”

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On February 25 RBIZ announced its acquisition of an asset of AAJ Internet, Inc. (AAJ), Stingy Travel, which is a networking website for vacation travel across the world. The acquisition agreement went into effect last Friday, February 20.

In connection with the agreement, AAJ’s two principals, Alex Aliksanyan and Julio Fernandez, will join RealBiz Media’s executive staff. Mr. Aliksanyan will become Chief Operating Officer and Chief Information Officer. Mr. Fernandez will become the company’s Chief Technology Officer. Mr. Aliksanyan will also join RealBiz Media’s Board of Directors, replacing Michael Craig, who resigned earlier last week. Mr. Craig’s resignation was not the result of any disagreement with the company and clears the way for him to begin negotiations with the company as a representative of NestBuilder Agent products in the Canadian market.

RBIZ CEO Bill Kerby stated “We are thrilled to welcome Alex and Julio to our staff, and we are ecstatic with regard to the acquisition of Stingy Travel. This acquisition gives us additions to our management team with tremendous experience and a history of proven results. It will also give us access to strong technology that will be integrated into our platforms within 30 days. As a result, NestBuilder will offer an enhanced suite of products including vacation home rentals, expanded video capabilities, state of the art mapping technology and additional agent marketing tools for lead generation, listing alerts and enhanced social media marketing platforms,”

StingyTravel.com is a platform that, for the first time, combines tours, vacation rental properties and trip journals, all under an easy to navigate interface. The consumer is offered all aspects of a vacation trip under one umbrella. The site offers a complete suite of tools for property owners worldwide to list their accommodations, manage inventories and pricing. The powerful inventory/pricing management engine allows for total control including seasonal/daily fluctuations. This core functionality is combined seamlessly with private tour bookings, again with full inventory management capabilities – a first in the category.

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Currently trading at a $9 million market valuation RBIZ has little assets on the books and growing short term debt. The Company has been doing over a million a quarter in revenues however they are burning through much more than that and continue to lose a lot of money. Short term RBIZ could go much higher, long term it may fall back to where it started. We will be updating on RBIZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RBIZ.

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Disclosure: we hold no position in RBIZ either long or short and we have not been compensated for this article.

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