MINNEAPOLIS, MN--(Oct 17, 2012) - RealBiz Media Group, Inc. (OTCQB: WBDG), announced today that it has completed its previously proposed share exchange which brings Next One Realty into RealBiz Media Group, Inc.(the "Company"). The new business model for RealBiz Media Group, Inc. is supported by multiple divisions including RealBiz360 (one of the top virtual tour companies in the U.S. with leading edge real estate technology platforms), The Home Tour Network (which includes a Television video on demand network and a real estate joint venture agreement calling for national distribution), The Home Tour Network Web Portal (a website currently under construction that is expected to include a nationwide home listings site supported by video enhanced clips of properties), The Home Preview Channel assets, a licensed real estate brokerage division with participating brokers in 19 states, the Foreclosure2Fabulous TV series contracts as well as multiple current or pending real estate media contracts with major industry partners.
The combination of the Company's media programs, proprietary technology assets and strategic real estate partnerships lays the foundation for expansion opportunities in what appears to be a recovering real estate industry. RealBiz Media Group, Inc.'s immediate plans include; expansion of its current real estate media services division, its video on demand real estate listings services for television and the roll out by year's end of a significant real estate portal with enhanced video, mobile, broadband and web-based services, all combining to deliver a user friendly home search solution available to users on any screen (TV, web or mobile). The system will be primarily supported by targeted advertising and is expected to provide significant lead generation solutions for support of the real estate community.
To accomplish this goal, the Company is working with an established industry participant on the development of this national video delivery system which, when completed, is expected to bring relevant real estate information (listings, tips, community highlights, agent and broker information) to consumers via multiple outlets. The basis for the system has grown out of leveraging the Company's Video On Demand technology which generates videos from home listing information and then delivers it across various cable TV providers and the internet for desktop, laptop and ITV viewing, thereby providing interactive usable content for consumers. The system will aim to give consumers multiple options on where and how to look for homes in their area in an informative and entertaining way.
Behind the system is a significant investment in SEO and VSEO technology that will leverage the power of internet video, utilize recognized SEO tactics, and integrate into social media to boost the organic search recognition for any clients (advertisers or agents/brokers) that utilize this system. RealBiz Media is currently servicing more than 60,000 real estate agents and brokers, including some of the industry's top brands via its virtual tour and automated You Tube and Video creation and syndication engines.
"We have agents and brokers tell us they are spending more marketing dollars for SEO on their listings and they're getting fewer results these days. We intend to drastically change that and at a fraction of the cost," said Steve Marques, President and COO of RealBiz360 (operating subsidiary of the Company). The new multimedia video creation process is intended to be fully automated, requiring little to no training of the agent or broker. Furthermore, the system is expected to have high ROI marketing results, which should in turn lead to a high adoption rate.
"We have been providing automation of video content to the industry for some time now, but we plan to take it to a whole new level with distribution systems and networks that will truly leverage the value of video content. We look forward to growing the Company through the development of our national Video on Demand (VOD) Television Platform, the 'Home Tour Network' and via the launch of our new national portal which supports our VOD programming and offers consumers timely and valuable information as they search for, buy and enjoy their new homes. We expect to reach more than 55 Million Households within 3 years," Marques said.
"The accretive combination of these businesses makes RealBiz unique to the industry," said Robert Buntz, CEO. "We believe that the market response to the recent IPOs of both Trulia and Realogy confirms investor confidence in the real estate industry and their belief in better times ahead. We could not agree more and believe our Company is well positioned to take advantage of the positive trends in real estate in the United States."
About RealBiz Media Group, Inc.
RealBiz Media, Inc. (WBDG) is a real estate media services company whose proprietary video processing technology has made it one of the leaders in providing home virtual tours to the real estate industry. Its client base includes more than 60,000 real estate agents and brokers. Through its wholly owned Home Tour Network the company also includes a Television video on demand network and a licensed real estate brokerage division with participating brokers in 19 states. The company enjoys access to the nation's largest real estate companies with numerous approved vendors and national contracts, both key to its future development programs.
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.
REALBIZ MEDIA GROUP, INC.
SOURCE: RealBiz Media Group Inc.