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RealBiz Media Group Inc. (RBIZ)

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Last Post: 5/24/2018 1:33:59 PM - Followers: 86 - Board type: Free - Posts Today: 20




Jan. 31, 2018 (GLOBE NEWSWIRE) -- RealBiz Media Group, Inc. (OTCQB: RBIZ), currently operating as Verus Foods (the “Company”), is pleased to announce that Verus has received an unrestricted one-year promissory note in the sum of $530,000 from Monaker Board Member Don Monaco. This note greatly enhances the Company’s financial position and will be used for corporate purposes, both to create growth and to retire debt. The use of these funds will depend upon working capital discussions currently ongoing with other entities.

In addition, the Company is reporting the return of a portion of the shares issued in conjunction with the recent Monaker settlement. Following that agreement in December 2017, Verus CEO Anshu Bhatnagar requested indemnification on behalf of RBIZ shareholders in the form of 50% of the 8,326,630 RBIZ shares awarded to NestBuilder by Monaker.  In conjunction with today’s announcement, NestBuilder has agreed with that request and has returned 4,163,315 shares of common stock to RealBiz.

These actions signify a final resolution and end to all existing litigation, share disputes, and other disagreements between Monaker Group, NestBuilder, RealBiz and related parties. As a reminder, current RealBiz shareholders of common stock will receive an equivalent number of shares in NestBuilder following the upcoming spin-off, which is in final review with the SEC.

 “This marks a major milestone in becoming a fully-independent company as Verus Foods,” commented Verus CEO Anshu Bhatnagar. “We have operated under the cloud and expense of the RBIZ legacy lawsuits during our entire time as a public food company, so to have those layers of litigation finally end goes beyond a sense of relief.  Coupled with this influx of funding, we now have the chance to manage both our growth and debt on our own terms. The events of the last year were not something we expected at our starting point in January of 2017, and we have some remaining challenges to overcome, but our vision to create a global food business remains the same.”

With all litigation and share-count issues now settled, the remaining scheduled corporate actions include a spin-off timetable (dependent on the SEC), followed by a name and symbol change.

About RealBiz Media Group, Inc.

RealBiz Media Group, Inc. consists of two business segments: an international food subsidiary (Verus Foods) that sells products to customers worldwide; and a real estate digital media and technology company. RealBiz Media Group, Inc. (OTCQB: RBIZ) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. Investors can find Real-Time quotes and market information for the company on


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RBIZ News: Confidential Treatment Order (ct Order) 05/23/2018 03:30:55 PM
RBIZ News: Quarterly Report (10-q) 05/04/2018 05:32:48 PM
RBIZ News: Current Report Filing (8-k) 05/02/2018 04:21:55 PM
RBIZ News: Annual Report (10-k) 03/26/2018 05:34:47 PM
RBIZ News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 03/21/2018 04:07:09 PM
News News Alert: Confidential Treatment Order (ct Order) 05/23/2018 03:30:55 PM
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#1349  Sticky Note HUGE NEWS OUT ON $RBIZ! WillForeall 01/31/18 12:44:30 PM
#1957   RE-POST Patients Grasshoppers.. Blue Sun 05/24/18 01:33:59 PM
#1956   I thought you weren't going to post anymore? woodleighinvestor 05/24/18 01:04:47 PM
#1955   LOL That makes me laugh. We have 20 freebies 05/24/18 12:42:51 PM
#1954   i would normally add here but this stock pivotpoint1 05/24/18 12:31:25 PM
#1953   Good for you snackcrackpop 05/24/18 11:54:02 AM
#1952   Just got another 2 million woodleighinvestor 05/24/18 11:51:34 AM
#1951   Yes if someone told you a for sure snackcrackpop 05/24/18 11:36:47 AM
#1950   If someone would pull that 4 million block Law_Abiding_Citizen7 05/24/18 11:33:33 AM
#1949   RBIZ so cheap here!! PennyWhale 05/24/18 11:23:03 AM
#1948   Open for business? fitz1006 05/24/18 11:15:16 AM
#1947   Bouncing like a cinder block off a glass window! Lil BD 05/24/18 11:02:43 AM
#1946   VERUS IS A REAL COMPANY BASED IN DUBAI, Blue Sun 05/24/18 11:02:32 AM
#1945   This one must've burned you pretty bad freebie. chuckt880 05/24/18 11:00:19 AM
#1943   Why would a company file a ct order pivotpoint1 05/24/18 10:31:54 AM
#1942   It’s been30min chill $pennypuppet 05/24/18 09:59:32 AM
#1941   Where is the bullish buying? no momentum snackcrackpop 05/24/18 09:57:51 AM
#1940 break .0024 -.0026 breakout to .005 $pennypuppet 05/24/18 09:07:25 AM
#1939   We close at .0045 today weeeeeeee $pennypuppet 05/24/18 08:30:25 AM
#1938   Exactly. It came at the end of the smartstocklover76 05/24/18 07:22:23 AM
#1937   Just a panic sale . CTO=great news. valafeld 05/23/18 11:48:09 PM
#1936   Agreed. I haven't posted a while because of woodleighinvestor 05/23/18 11:01:46 PM
#1935   I'm in agreeance with chuckt880 ,Why would any Blue Sun 05/23/18 10:04:28 PM
#1934   8.6 million share buy at the end of chuckt880 05/23/18 08:52:10 PM
#1933   Don't believe pump@pers. Every BS PR with massive freebies 05/23/18 06:13:59 PM
#1932   Great news!! PennyWhale 05/23/18 05:30:52 PM
#1931   LOL TRIPS coming tomorrow. Merciless crooks has 22 freebies 05/23/18 04:45:17 PM
#1930   78 million in contracts through Verus initiated as Blue Sun 05/23/18 04:29:04 PM
#1929   RBIZ ITS GOING TO BE HUGE!!!! gooodday 05/23/18 04:20:15 PM
#1928   Yeah! from a villa to a dirty rooster's hutch! Bonds_Knight 05/23/18 04:15:21 PM
#1927   Are you nuts!? PennyWhale 05/23/18 04:12:35 PM
#1926   What News?? Stop making up Chit.. this morning Blue Sun 05/23/18 04:11:09 PM
#1925   CRAP NEWS! Next Friday We're Meeting The TRIPS! Bonds_Knight 05/23/18 04:03:55 PM
#1924   The amount of dilution here now is staggering. Traderfan 05/23/18 03:52:31 PM
#1923   RBiZ applied for a confidential treatment order by Blue Sun 05/23/18 03:52:11 PM
#1921   Another 52 wk low. Stay away from this freebies 05/23/18 02:21:12 PM
#1920   Do you seriously believe that BS pumping PR freebies 05/23/18 01:50:12 PM
#1919   Retails Channels in Dubai? bunnyslopes 05/23/18 01:27:13 PM
#1918   Another one added to the ignore list! Just snax 05/23/18 11:14:38 AM
#1917   How many shares do you have and what’s Swanraninto 05/23/18 11:03:12 AM
#1916   Added .0019 mary777 05/23/18 10:51:09 AM
#1915   Can we get the PR stickied? smartstocklover76 05/23/18 10:50:37 AM
#1914   News!!! Great PR out! Back up we go! GLTA chuckt880 05/23/18 10:25:07 AM
#1913 TradeMonkee 05/23/18 10:21:18 AM
#1912   Anyone know current SS as of yesterday? smartstocklover76 05/23/18 09:55:40 AM
#1911   STAY AWAY from THIS SCAM run by CROOKS freebies 05/23/18 09:55:03 AM
#1910   Another BS PR from crooked CEO to help freebies 05/23/18 09:54:45 AM
#1909   $RBIZ Company rolling out 9 SKU's to TradeMonkee 05/23/18 09:54:31 AM
#1908   The people selling haven't read this yet. LOL, snackcrackpop 05/23/18 09:54:30 AM
#1907   $RBIZ "Packaging, formulation and branding are nearly complete TradeMonkee 05/23/18 09:45:43 AM
#1906 SemperMarine 05/23/18 09:42:42 AM