WESTON, FL - (NewMediaWire) - November 10, 2015 - Monaker Group, Inc. (OTCQB: MKGI) (the "Company" or "Monaker"), a technology driven travel and digital marketing company announced today that Maupintour (www.maupintour.com), its wholly owned travel company, has launched its first travel product offerings with uBid (www.ubid.com) the highly successful online marketplace. Maupintour luxury travel offerings will be provided on the uBid.com website and will be actively promoted by uBid to its roughly 6 million strong users/customers.
This launch is the first phase of a number of comprehensive travel platforms that Monaker's Travel divisions will be rolling out prior to year-end. Initially basic travel packages will be offered on the bidding platform, however utilizing Monaker's extensive travel relationships, customized travel offerings will soon be available for all uBid's customers and employees. Additionally uBid will selectively offer travel products to their customers through social media communities and targeted email lists that should reach over 200,000 customers daily.
Commenting on the uBid travel offering launch, Mr. Bill Kerby, Monaker Chairman and CEO said, "We are very pleased with our uBid partnership. They have been very professional to work with and I'm pleased with the speed achieved by the two teams for the launching this program. Gaining access to their deep technology, platform, and sizable loyal customer base to offer great travel packages should benefit both companies and ultimately consumers. Our initial travel packages are now live and available on uBid's platform." Mr. Kerby continued, "The launch of our Maupintour packages with uBid, along with other corporate initiatives, is expected to be a solid contributor to Monaker's growth and profitability with Monaker revenues now projected in the order of $7 million for calendar 2016. Additionally, with this successful launch we'll explore further opportunities for other Monaker products and services with uBid."
Mr. Ketan Thakker UBid's CEO stated, "We are pleased to be 'live' with our first Maupintour branded travel offerings generated through partnership with the Monaker Group. Our goal was to provide our dedicated customers a quality array of travel offerings and with Monaker's experience, partnerships, the Maupintour brand and reputation we have access to top travel offerings."
Since launching in 1997, uBid.com has been recognized as the go-to online marketplace for new, overstock, closeout and recertified products in more than 25 categories, including Fine Art, Collectibles, Jewelry, Travel and Electronics. We specialize in offering the best deals on popular items and services through discounted offers, including "Deals of the Day," "Mega" auction listings, fixed-price options, and deals on our sister site, RedTag.com. For the more than six million members using uBid to find affordable items from top brand names and for more than 15 years, we have built lasting relationships with top product/service manufacturers to secure quality products and offerings for our dedicated customers. At uBid, we believe that no matter what business you're in, it is about the people. Our ultimate goal is to build a company that provides essential value to everyone involved.
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. Video is quickly becoming consumers preferred method of searching 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. The end result is better engagement with consumers who gain in-depth information on related products and services helping to both inform and fulfill purchases. Unlike traditional marketing companies that simply charge for advertising creation, 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. This should allow the company to capture greater revenues while eliminating much of the typical overhead associated with fulfillment. Monaker Group's core holdings include Maupintour, 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.