Fort Lauderdale, Florida (PRWEB) March 09, 2015
RealBiz Media Group, Inc. (OTCQB: RBIZ) today announced corporate growth for the first two months of 2015 trending upwards with unaudited revenues accelerating from $156,000 last year to $204,000 for the same period this year. During January, revenues increased 28% year-over-year and revenues continued to ramp up during February where the company saw a 34% year-over-year increase.
“This revenue growth came almost exclusively from our enterprise customers utilizing our MVA and Virtual Tour products and marks the beginning of what management believes to be a significant revenue ramp for the company. While sales from our core enterprise products are showing signs of strong growth during the first two months, it is important to note that many of the company’s key new products like ezflix video app, NestBuilder app and the Home & Away Club had not yet been introduced to our customer base during this period,” said Bill Kerby, CEO of RealBiz.
For the balance of 2015, RealBiz has projected that their core national and large broker accounts will continue to show double digit growth which will only be bolstered by their new mobile apps and loyalty platforms as the real estate industry continues to recover. “As our enterprise products continue to mature, we remain most excited about the growth potential through agents and we expect it will become one of the leading revenue producers for the company this year. We believe that company will achieve a $10 million revenue run rate during 2015 with the implementation of new products, enhanced management and reduction in development costs - all working to drive the company to profitability,” said Kerby.
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 reaches 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, an agent social media and marketing solution known as ReachFactor, a growing MVA network, virtual tours and mobile apps. The company enjoys access to many of 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.