WESTON, FL (December 11, 2015) — Monaker Group, Inc., (OTCQB: MKGI) (the “Company”) or (“Monaker”), a technology driven travel and digital marketing company announced yesterday that it has acquired an Internet-based, real-time specialty booking engine developed to consolidate unused timeshare, fractional, and other specialty lodgings rooms for rental from CJ Software (“CJ”).
Monaker will incorporate the CJ booking platform into its Nexttrip.com website thus expanding Monaker’s vacation rental inventory and allowing consumers to search and book from the hundreds of thousands of unused timeshare units. This unused inventory is global with a large portion in 4 and 5 star hotels and resorts. Consumers will be able to book these fabulous properties in real-time at significant discounts and without fear of any timeshare Member solicitation. Additionally, the platform will provide timeshare Property Managers/Owners a complete management tool. This allows them to add and edit their own properties, monitor inventory bookings and rent properties that would have previously been empty.
Monaker Group Chairman and Chief Executive Officer, Mr. Bill Kerby, commented, “The acquisition of the CJ Booking Engine, and all IP, is strategic and very complementary to our recently acquired AlwaysOnVacation (“AOV”) platform (see the Company’s news release dated October 30, 2015). The Alternative Lodging space is getting great traction and growing rapidly, as evidenced by peer companies Airbnb and HomeAway/V.R.O.B. (NYSE: AWAY), and Monaker is now well positioned for rapid growth in Alternative Lodging with access to enhanced inventory in the vacation rental space in 2016.”
Mr. Kerby added, “The Timeshare and Fractional Ownership markets are comprised of over 700 independent companies and many have no means of marketing or managing their unused inventory. Through this acquisition and integration of the AOV Platform and the CJ Software platform with our NextTrip.com platform, we can offer a very sound solution which further benefits the travel consumer. These two acquisitions have further strengthened the Monaker team with deep experience in travel platforms, booking engines, technology, timeshare and lodging. Our team is working diligently to meet our scheduled launch of the next generation travel platform targeted for early 2016.
About Monaker Group:
Monaker Group is a digital media marketing company focusing on lifestyle enrichment for consumers in the Travel, Home and Employment sectors. Core to its marketing services are key elements including proprietary video-centered technology and established partnerships that enhance its reach. Consumers are quickly adopting video for researching and educating themselves prior to purchases. Monaker’s video creation technology and film libraries combine to create lifestyle video offerings that can be shared both to its customers and through “trusted distribution systems” of its major partners. Monaker holds licenses and/or expertise in the travel, real estate and employment sectors allowing it to capture fees at the point of purchase while the majority of transactions are handled by Monaker’s partners, eliminating much of the typical overhead associated with fulfillment. Monaker Group’s core holdings include Maupintour, Nexttrip.com, NameYourFee.com and RealBiz Media Group, helping it to deliver marketing solutions to consumers at home, work and play.
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker Group, Inc. These statements are only predictions and actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, some of which are out of our control. The potential risks and uncertainties include, among others, or the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker Group, Inc. undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward looking statements are expressly qualified in their entirety by the “Risk Factors” and other cautionary statements included in Monaker Group, Inc.’s annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission (“SEC”), including, but not limited to, the Company’s Annual Report on Form 10-K for the period ended February 28, 2015 which has been filed with the SEC and is available at the SEC’s website at www.sec.gov
PRESS RELEASE SOURCE: Monaker Group
Monaker Group, Inc
Attention: Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Attention: Kevin Holmes
Tel: (410) 825-3930