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RealBiz Media Group Inc. (RBIZ)

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Last Post: 3/21/2018 4:11:21 PM - Followers: 60 - Board type: Free - Posts Today: 3




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: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 04:07 PM
RBIZ News: Current Report Filing (8-k) 03/01/2018 05:51:21 PM
RBIZ News: Current Report Filing (8-k) 02/27/2018 04:24:33 PM
RBIZ News: Current Report Filing (8-k) 02/12/2018 04:19:24 PM
RBIZ News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 01/30/2018 04:06:57 PM
News News Alert: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 03/21/2018 04:07:09 PM
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#1349  Sticky Note HUGE NEWS OUT ON $RBIZ! WillForeall 01/31/18 12:44:30 PM
#1652   NT filed: tedpeele 03/21/18 04:11:20 PM
#1651   Yes no updates, but am hoping the delay woodleighinvestor 03/21/18 01:12:16 PM
#1650   No Updates ..Looks like a dead fish pivotpoint1 03/21/18 10:11:37 AM
#1649   Thanks for that. Let's see what happens next week. woodleighinvestor 03/16/18 03:51:49 PM
#1648   I pinged IR a couple of days ago Renegades17 03/16/18 06:01:49 AM
#1647   Two weeks and nothing. Anything further R17? woodleighinvestor 03/16/18 01:42:01 AM
#1646   Yeah, as its taking longer, maybe they want woodleighinvestor 03/13/18 01:53:44 AM
#1645   Maybe the company split will be completed and COACH14 03/13/18 01:18:52 AM
#1644   I wonder what this week will bring? woodleighinvestor 03/11/18 10:54:54 PM
#1643   We will see. woodleighinvestor 03/08/18 02:58:28 AM
#1642   Well anyday now you will get a terrible jr5555 03/07/18 05:42:53 PM
#1641   .0049 is up Spikedog 03/07/18 03:23:44 PM
#1640   The 400,000 at 0.0045? woodleighinvestor 03/07/18 02:39:08 PM
#1639   Something going on here?? smartstocklover76 03/07/18 02:15:48 PM
#1638   Sure, can offer 5 million at 0.1? ?? woodleighinvestor 03/07/18 01:16:52 PM
#1637   I still have bids out in case someone tbattaglia 03/07/18 09:11:16 AM
#1636   I hope your feeler is working. COACH14 03/07/18 08:56:51 AM
#1635   Nothing traded yesterday! At least the toxic selling woodleighinvestor 03/07/18 02:12:39 AM
#1634   Let the fire fall. COACH14 03/06/18 01:27:01 PM
#1633   Nothing so far today. No smoke without fire. woodleighinvestor 03/06/18 01:22:12 PM
#1632   It was strange day. COACH14 03/06/18 10:38:30 AM
#1631   Yes I noticed that yesterday. But there was woodleighinvestor 03/06/18 10:23:59 AM
#1630   Anyone heard anything? Low volume yesterday? Maybe dumping COACH14 03/06/18 09:43:14 AM
#1629   He was the old CFO and Board member Lil BD 03/02/18 02:47:50 PM
#1628   He wasn't the CFO of Verus Renegades17 03/02/18 11:09:45 AM
#1626   CFO has left, in line with moving from woodleighinvestor 03/02/18 07:46:43 AM
#1625   Yes, am hoping for some good news. I woodleighinvestor 03/01/18 11:54:48 PM
#1624   Hey, thanks for that. Just a waiting game now. Cache 03/01/18 11:34:45 AM
#1623   Cheap shares here!!!! smartstocklover76 03/01/18 10:02:35 AM
#1622   Thank you Renegades17 COACH14 03/01/18 09:23:48 AM
#1621   No definitive timeline unfortunately Renegades17 03/01/18 08:45:29 AM
#1620   R17, thanks for the update. Did they give woodleighinvestor 03/01/18 08:03:53 AM
#1619   Now that pumper Baby Z is gone, some Renegades17 03/01/18 07:29:26 AM
#1618   killing us z. pumped for weeks and TradeMonkee 02/28/18 06:27:26 PM
#1617   Someone took a beating on 3 million shares...OUCH!! NorthStar68 02/28/18 11:27:54 AM
#1616   Another drop today. I have a feeling results woodleighinvestor 02/28/18 09:58:08 AM
#1615   Found out earlier today that common shares are baby z 02/28/18 01:11:22 AM
#1614   It was announced awhile back. Now where is COACH14 02/27/18 11:34:26 PM
#1613   I thought that was previously announced? woodleighinvestor 02/27/18 10:15:35 PM
#1612   Yikes, must be even more convertible coming ...."On Lil BD 02/27/18 06:34:07 PM
#1611   Down 15% woodleighinvestor 02/27/18 11:16:48 AM
#1610   yikes! not good! baby z 02/27/18 09:34:57 AM
#1609   You said last Friday? woodleighinvestor 02/27/18 12:55:25 AM
#1608   Tomorrow; Tuesday after the bell.. you’ll like it man! baby z 02/27/18 12:43:32 AM
#1607   the 15 day extension was filed on Jan Lil BD 02/26/18 04:28:24 PM
#1606   How do you know sales have tripled? Inside information? woodleighinvestor 02/26/18 07:46:42 AM
#1605   Earnings statement will be out by 2/27/18 according baby z 02/25/18 11:47:52 PM
#1604   I don’t get it.... some guy says big jr5555 02/25/18 10:27:00 PM
#1602   Who is babyz and where is his stuff COACH14 02/23/18 03:51:21 PM
#1601   Get this thing a moving RBIZ!!! Got yachts Yo-Yo 02/23/18 03:12:01 PM