SOURCE: RealBiz Media Group Inc.

MySpace Co-Founder and Software Toolworks Veteran, Joe Abrams, Joins RealBiz

RealBiz Media Group Inc. (OTCQB: RBIZ), is pleased to announce Joe Abrams, the Co-Founder of Intermix (parent company of MySpace) and Software Toolworks, has been appointed to the company's Board of advisors. As part of the appointment, Mr. Abrams and his Cicero Consulting Group will assist RealBiz to exploit its proprietary software technology to the US real estate brokerage industry as well as several other potential markets that have been identified.

 

Mr. Abrams has deep experience in helping early-stage, publicly held technology companies reach the next phase of growth. In 1999, he co-founded Intermix, the parent company of social networking leader MySpace. In 2005, Intermix was sold to News Corp. for $580 million. In addition, Abrams was a founder of The Software Toolworks, a software company that released several hit titles in the 1980s, which ultimately led to the company's sale in 1994 to Pearson, PLC for $462 million.

 

"At Cicero Consulting Group, we look for early stage companies, with technologies and business practices that can transform user experience. RealBiz Media has a disruptive technology applied to the real estate industry that can significantly enhance the real estate buying and selling experience. The company is at the early stages of expanding its distribution presence, and there is great market potential," stated Joe Abrams.

 

Attached is a link from an interview with Joe Abrams titled, "Technology's Rapid Growth Beyond Silicon Valley," first airing February 24th on Bloomberg TV:

 

http://www.bloomberg.com/video/technology-s-rapid-growth-beyond-silicon-valley-OkhhHA0JSlK9UCssDRE3jQ.html

 

"We have continually looked for ways to strengthen our company's management and board as we move into our growth phase and we are extremely excited to welcome Mr. Abrams. His years of experience and contacts should help us to further enhance our technology suite, mobile apps and websites as well as creating new vertical's for the company to grow in," stated Bill Kerby, CEO. "With a track record of successfully building and selling his technology companies for over $1 billion dollars, we will seek his guidance and resources on accelerating our business plan to grow the company for maximum value to our shareholders."

 

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 includes 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, a television video on demand network, a growing MVA network, virtual tours and mobile apps. The company enjoys access to 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

 

CONTACT:
Chesapeake Group
Kevin Holmes
410.825.3930
info@chesapeakegp.com

Hayden IR
917-658-7878
hart@haydenir.com

RealBiz Media Group, Inc.
888.777.3333
investorrelations@realbizmediagroup.com

 

 

SOURCE: RealBiz Media Group Inc.