RealBiz Media Group Inc. (OTC: RBIZ) announced it has appointed tech veteran Joe Abrams as a new advisory board member, the company said in a news release.
Abrams’s primary responsibility as an advisor is to help RealBiz explore opportunities in the U.S. real estate sector and target untapped markets that could benefit from the firm’s line of proprietary products and technologies. Abram will be backed by his Cicero Consulting Group as he performs this duty.
Joe Abrams was a dot com pioneer who started a string of successful tech companies from Intermix, the parent company that owned MySpace, to Software Toolworks.
During the early 1980s, Abrams co-founded entertainment company The Software Toolworks with his cousin in Sherman Oaks, California. According to the Meet Innovators web site, The Software Toolworks started as a creator of programming tool for operating systems then eventually ventured into applications and games publishing. It was sold to Pearson, PLC for $462 million in 1994.
Abrams then co-founded Intermix, which created social networking site MySpace, in 1999. Come 2005, the firm was sold to News Corp. for $580 million.
In a nutshell, Abrams will bringing over two decades of experience in business development and investment savvy to the table as he settles in his new role.
“At Cicero Consulting Group, we look for early stage companies, with technologies and business practices that can transform user experience. RealBiz Media has a disruptive technology applied to the real estate industry that can significantly enhance the real estate buying and selling experience. The company is at the early stages of expanding its distribution presence, and there is great market potential,” Joe Abrams stated in the news release.
RealBiz Chairman and CEO Bill Kerby was equally thrilled of Abram’s presence in the company’s advisory board.
"We have continually looked for ways to strengthen our company’s management and board as we move into our growth phase and we are extremely excited to welcome Mr. Abrams. His years of experience and contacts should help us to further enhance our technology suite, mobile apps and websites as well as creating new vertical's for the company to grow in,” said Kerby.
“With a track record of successfully building and selling his technology companies for over $1 billion dollars, we will seek his guidance and resources on accelerating our business plan to grow the company for maximum value to our shareholders."
RealBiz is engaged in creating digital marketing technologies centered on video for real estate professionals. According to the company’s website, its client base consists of over 60,000 real estate agents and brokers.
RealBiz offers a suite of products and services such as a Television video-on-demand network, a MicroVideo App network, and a Virtual Tour network through its HomeTourNetwork division. It plans to expand its digital video network into more areas to reach over 70 million households in the United States.
In the industry, RealBiz is more popularly known as the creator of NestBuilder Agent, a video-centric agent and listing database, and its Virtual Tour program.