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RealBiz Media Group Files to Change Name and Symbol Press Release | 08/22/2018
Gaithersburg, MD, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RealBiz Media Group, Inc. (OTC:RBIZ) (the “Company”) is pleased to announce that it has filed with the State of Delaware and FINRA to change both its name and stock symbol. The Company did not implement a reverse stock split or any other corporate actions as part of this filing. The new Company name will be Verus International, Inc. and the proposed symbol will be VRUS, pending approval by FINRA.
“We chose the Verus International name for strategic reasons,” explained CEO Anshu Bhatnagar. “We sell to retailers who also carry many categories of non-food consumer products, in some cases (such as drugstores) representing more than half of their shelf space. Over the last year, we have been approached by multiple manufacturers who would like to sell into our retail base. The Verus International name will give us the flexibility to form non-food subsidiaries to capture this kind of business in the future.”
This strategy is consistent with the Company’s plan to create a robust distribution network supported by both Verus-owned and third-party brands. In addition, the Company periodically has seasonal opportunities involving event-driven retailing, such as the recent FIFA World Cup.
“The food division will continue to operate as Verus Foods and will represent the majority of our business,” said CEO Bhatnagar. “But, based on opportunities presented to us during the last year, we also want the flexibility to extend our reach into other consumer product categories, particularly those that are already found in our customers’ stores.”
Investors are invited to track new product information via the Company’s Twitter feed @Verus_Foods.
About RealBiz Media Group, Inc.
RealBiz Media Group, Inc. operates an international food business under the name “Verus Foods, Inc.” The Company recently spun-off its real estate division and will undergo a name and symbol change in the near future.
https://www.otcmarkets.com/stock/RBIZ/news/Re...?id=201741
RealBiz Media Group Files to Change Name and Symbol Press Release | 08/22/2018
Gaithersburg, MD, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RealBiz Media Group, Inc. (OTC:RBIZ) (the “Company”) is pleased to announce that it has filed with the State of Delaware and FINRA to change both its name and stock symbol. The Company did not implement a reverse stock split or any other corporate actions as part of this filing. The new Company name will be Verus International, Inc. and the proposed symbol will be VRUS, pending approval by FINRA.
“We chose the Verus International name for strategic reasons,” explained CEO Anshu Bhatnagar. “We sell to retailers who also carry many categories of non-food consumer products, in some cases (such as drugstores) representing more than half of their shelf space. Over the last year, we have been approached by multiple manufacturers who would like to sell into our retail base. The Verus International name will give us the flexibility to form non-food subsidiaries to capture this kind of business in the future.”
This strategy is consistent with the Company’s plan to create a robust distribution network supported by both Verus-owned and third-party brands. In addition, the Company periodically has seasonal opportunities involving event-driven retailing, such as the recent FIFA World Cup.
“The food division will continue to operate as Verus Foods and will represent the majority of our business,” said CEO Bhatnagar. “But, based on opportunities presented to us during the last year, we also want the flexibility to extend our reach into other consumer product categories, particularly those that are already found in our customers’ stores.”
Investors are invited to track new product information via the Company’s Twitter feed @Verus_Foods.
About RealBiz Media Group, Inc.
RealBiz Media Group, Inc. operates an international food business under the name “Verus Foods, Inc.” The Company recently spun-off its real estate division and will undergo a name and symbol change in the near future.
https://www.otcmarkets.com/stock/RBIZ/news/Re...?id=201741
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