$MKGI, great news
Monaker Group Shareholder Update
Company anticipates revenue acceleration for balance of year.
Weston, Florida, June 1st, 2016 – Monaker Group (OTCQB: MKGI), a technology driven travel company focused on the alternative lodging rental (“ALR”) market, today provided a shareholder update for first half of 2016.
"During the first five months of 2016, Monaker has built the foundation for significant growth within one of the fastest growing travel sectors. We look forward to strong revenue acceleration for the balance of the year, tied to the launch our state-of-the-art alternative lodging and timeshare booking platforms later this month under our NextTrip.com brand," said Bill Kerby, Chairman and CEO of Monaker Group.
Highlights and accomplishments of the first half of 2016:
Increasing Inventory
The Company has increased the number of alternative lodging rental units available from 125,000 upon the launch of its beta site on February 1, 2016, to its current level of approximately 1.1 million under contract. Additionally, the Company expects to add a further 200,000 – 300,000 timeshare or resort units for rental on the Company’s NextTrip Resorts platform during 2016.
Increasing Distribution
Monaker’s next generation NextTrip site is targeted to launch this month with over 600,000+ properties. The platform incorporates new features, functionality and advanced technology combining proprietary and licensed technology to give consumers comprehensive vacation alternatives at the best price. This next generation platform has been developed to serve three major constituents: vacationers/travelers, property owners/managers, and other large travel distributors. The Company and platform will serve the entire travel spectrum with travel licenses including ARC, IATA, CLIA & Florida Seller of Travel.
Consumers will be able to comprehensively search vacation travel destinations for our lodging products as well as air, car, hotel, tour activities, restaurants and other travel details supported by maps, rich content, imagery, video and collaboration/social sharing tools. The site will be powered by Monaker’s proprietary ALR Booking Engine which has been designed to fully maximize the consumer’s experience and assist them in the decision and purchasing process. Additionally, the booking engine acts as the bridge needed to begin to supply ALR products to channel partners for broad distribution. With each new channel partner integration to the platform there should be corresponding revenue acceleration via the partners’ already existing distribution.
Beyond established channel partnerships, the Company has been structuring new areas to distribute its ALR inventory over the past few months. Monaker and its’ travel brands are building access and distribution through recently announced travel clubs and the over 100,000 established travel agents. These relationships include the Recruiter.com Travel Club and 20,000 travel agents via International Travel Organization. The Company is also continuing discussions with other large travel operator and distributor groups interested in access to Monaker’s inventory and platform.
Increased Functionality
Earlier this year, Monaker engaged Primero Systems, a globally recognized award-winning technology solutions provider based in San Diego, CA, to complete the next generation architecture and partner integrations and to build out the flagship travel website NextTrip.com. The Company’s platforms will also include real time booking, a rarity for the industry, along with the ability to search and book airlines, hotels, rental cars, tours and other travel products such as activities and attractions all from the same website for the convenience and benefit of the consumer.
Increasing Revenue Outlook
Currently the Company is increasing revenue because of Maupintour, one of the oldest luxury tour companies in the US. Revenues for this segment have grown drastically during the first four months of the calendar year. The Company anticipates revenue run rates to accelerate as partners are linked to the new platform through the balance of the year. The Company also anticipates being cash flow positive this year.
