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RealBiz Media Group Inc. (RBIZ)

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Last Post: 2/21/2018 12:49:57 PM - Followers: 59 - Board type: Free - Posts Today: 7




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: 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
RBIZ News: Information Statement - All Other (definitive) (def 14c) 01/29/2018 04:07:38 PM
RBIZ News: Current Report Filing (8-k) 01/04/2018 04:42:13 PM
RBIZ News: Current Report Filing (8-k) 12/27/2017 04:40:17 PM
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#1349  Sticky Note HUGE NEWS OUT ON $RBIZ! WillForeall 01/31/18 12:44:30 PM
#1593   anything under a penny is "golden" baby z 02/21/18 12:49:57 PM
#1592   he we go....less than 72 hours left to baby z 02/21/18 12:35:19 PM
#1591   My 100,000 buy never showed up, time & seventwo 02/21/18 11:04:26 AM
#1590   here we go... baby z 02/21/18 09:18:08 AM
#1589   I don't think expectations are high Renegades17 02/21/18 07:23:17 AM
#1588   I believe the update is this Friday. We woodleighinvestor 02/21/18 05:52:43 AM
#1587   Two to 3 pennies in a matter of days. baby z 02/21/18 01:40:49 AM
#1586   We could see a penny!! Spikedog 02/20/18 01:32:06 PM
#1585   Own your shares before the ride begins. RBIZ. baby z 02/19/18 05:31:10 PM
#1584   Earnings and company progress report this week. baby z 02/19/18 12:11:19 PM
#1583   True. no one is selling. been like that baby z 02/16/18 09:42:45 AM
#1582   You can have all the contracts in the jr5555 02/16/18 09:23:50 AM
#1581   .50 cents? baby z 02/16/18 08:32:25 AM
#1580   The future is bright. baby z 02/16/18 08:18:20 AM
#1579   Good things going on in MD???- How about jr5555 02/15/18 08:13:29 PM
#1578   That sounds good. Do you think we will COACH14 02/15/18 06:18:17 PM
#1577   Good points. I will assume, the volatility of baby z 02/15/18 06:14:16 PM
#1576   Looking for some good news. Where is the COACH14 02/15/18 11:04:51 AM
#1575   Since he was planning an RS at much tedpeele 02/15/18 10:17:15 AM
#1574   Patience. I've been waiting too. We all know baby z 02/14/18 04:23:26 PM
#1573   Welcome to the ride... woodleighinvestor 02/14/18 12:51:11 PM
#1572   Hi here. Baby Z baby z 02/14/18 10:03:44 AM
#1571   Looking ugly and dilution still ongoing with VNDM Traderfan 02/13/18 04:04:50 PM
#1570   maybe their getting them in order with more gkro 02/13/18 09:14:39 AM
#1569   Was that 8k that was filed something the tbattaglia 02/13/18 08:30:15 AM
#1568   hopefully we get more volume today gkro 02/13/18 08:24:36 AM
#1567   I would think when earnings comes out we gkro 02/12/18 05:47:32 PM
#1566   Then he needs to put this in public Traderfan 02/12/18 04:46:30 PM
#1565   I think we need some news to get gkro 02/12/18 11:06:18 AM
#1564   Good morning wouldn’t take much to see green! WillForeall 02/12/18 10:42:06 AM
#1563   good mourning to all lets start the week gkro 02/12/18 09:12:35 AM
#1562   Good morning $RBIZ! Should see an update soon!! WillForeall 02/12/18 09:11:10 AM
#1561   Don’t care if you mind Or what you WillForeall 02/10/18 10:20:41 AM
#1560   When? They can't or won't do a RS woodleighinvestor 02/10/18 06:20:27 AM
#1559   Wrong! CEO stated to a few no RS WillForeall 02/09/18 02:44:48 PM
#1558   thank you for that info woodleighinvestor. eom. tedpeele 02/09/18 02:29:39 PM
#1557   It's not cancelled, it will happen post the woodleighinvestor 02/09/18 02:16:53 PM
#1556   R/S canceled.... Cheeky 02/09/18 01:03:17 PM
#1555   ?? did he change his position? A tedpeele 02/09/18 12:31:44 PM
#1554   There will not be one. If you’ve been WillForeall 02/09/18 12:00:44 PM
#1553   been waiting on the RS for what seems tedpeele 02/09/18 11:39:14 AM
#1552   good day coming lets start in the .oo6s today gkro 02/09/18 07:26:37 AM
#1551   tomorrows another day hopefully green gkro 02/08/18 05:08:17 PM
#1550   Red now :-( woodleighinvestor 02/08/18 03:02:02 PM
#1549   GREEN !!!!!!!!!!! gkro 02/08/18 11:57:10 AM
#1548   Won't be much movement until an announcement or woodleighinvestor 02/08/18 08:07:54 AM
#1547   good mourning everyone thinkin green again gkro 02/08/18 07:58:26 AM
#1546   There's water in the hose. We just need SemperMarine 02/07/18 09:21:49 PM
#1545   Lol that’s good I’m still hanging around waiting WillForeall 02/07/18 06:37:45 PM
#1544   Nope, I'm still here and a friend who Cache 02/07/18 06:28:52 PM