FORT LAUDERDALE, Fla., Feb. 25, 2015 (GLOBE NEWSWIRE) -- via PRWEB - RealBiz Media Group, Inc. (OTCQB: RBIZ) today announced its acquisition of an asset of AAJ Internet, Inc. (AAJ), Stingy Travel, which is a networking website for vacation travel across the world. The acquisition agreement went into effect last Friday, February 20.
In connection with the agreement, AAJ's two principals, Alex Aliksanyan and Julio Fernandez, will join RealBiz Media's executive staff. Mr. Aliksanyan will become Chief Operating Officer and Chief Information Officer. Mr. Fernandez will become the company's Chief Technology Officer. Mr. Aliksanyan will also join RealBiz Media's Board of Directors, replacing Michael Craig, who resigned earlier last week. Mr. Craig's resignation was not the result of any disagreement with the company and clears the way for him to begin negotiations with the company as a representative of NestBuilder Agent products in the Canadian market.
"We are thrilled to welcome Alex and Julio to our staff, and we are ecstatic with regard to the acquisition of Stingy Travel. This acquisition gives us additions to our management team with tremendous experience and a history of proven results. It will also give us access to strong technology that will be integrated into our platforms within 30 days. As a result, NestBuilder will offer an enhanced suite of products including vacation home rentals, expanded video capabilities, state of the art mapping technology and additional agent marketing tools for lead generation, listing alerts and enhanced social media marketing platforms," said Bill Kerby, CEO of RealBiz Media.
About StingyTravel.com
StingyTravel.com is a platform that, for the first time, combines tours, vacation rental properties and trip journals, all under an easy to navigate interface. The consumer is offered all aspects of a vacation trip under one umbrella. The site offers a complete suite of tools for property owners worldwide to list their accommodations, manage inventories and pricing. The powerful inventory/pricing management engine allows for total control including seasonal/daily fluctuations. This core functionality is combined seamlessly with private tour bookings, again with full inventory management capabilities – a first in the category. StingyTravel's unique trip creation engine offers a first of its kind vacation travel journal that integrates hotels, day trips and itineraries. All of the above is combined into a powerful suite of social media tools that highlight and distribute all offerings to the greater community. StingyTravel.com raises the bar for the independent traveler looking for bargains while travelling the world.
Alex Aliksanyan Biography
Mr. Aliksanyan comes to RealBiz Media with more than 25 years of strategic technology planning, implementation and marketing experience. Mr. Aliksanyan began his career as marketing lead for key brands Nestle and Altria. Thereafter, he served as a marketing consultant for multiple Fortune 100 companies such as Citibank, Disney and Hillshire Farms. Recognizing in 2000 both the opportunities and the profound impact the internet was having on service industries, Mr. Aliksanyan founded iCruise.com and as CEO and President, he oversaw the development and implementation of its proprietary cruise booking and rebate engines. The company quickly grew to be in the top 15 cruise agencies in North America before being acquired. He has been the President of WorldMyWay, Inc. and AAJ since 2005, where he has overseen the development of StingyTravel.com – a social media driven vacation home rental platform. Mr. Aliksanyan is considered to be a pioneer in the travel industry in the area of e-commerce. Mr. Aliksanyan received his Bachelors' Degree in Physics from New York University and an advanced degree in marketing from the Stern School of Business in New York.
Julio Fernandez Biography
Mr. Fernandez has a diverse and comprehensive technology background affording him the ability to code in multiple languages as well as being able to oversee and manage the operations and maintenance of video and database driven enterprise systems. Mr. Fernandez began his career working for Arrow Head Consulting where he was responsible for all Unix (Linux, Solaris) servers, Mail (sendmail), and DNS/bind. In 2000, he joined iCruise.com and oversaw the design, system administration and web developers working in MySQL, Perl, PHP and Bash Programming. After the purchase of iCruise, Mr. Fernandez joined Omega Advisors Fund (a multi-national, multi-service $9+ billion hedge fund). As the lead consultant reporting directly to the CTO, he was responsible for planning and implementation of all services to meet SEC data security requirements and internal security compliance procedures. He also handled all Unix Servers (Linux, Solaris), Cisco routers, Lan and Wan connectivity. He remained with Omega for 12 years until he was invited to join Mr. Aliksanyan as a founder of AAJ Internet. The company was created to provide cutting edge solutions for rapid development of websites specializing in transacting for internet assets in vacation rentals, online dating and political commentary.
For more information, please refer to RealBiz Media's 8K, which was filed on Monday, Feb. 23, and can be found at http://www.sec.gov/Archives/edgar/data/1430523/000114420415011219/v402462_8k.htm
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.
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