Monaker Group Announces Pricing of $8.1 Million Underwritten Public Offering of Common Stock
- Sunrise, FL, May 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI) (the “Company”), a technology solutions company focused on building a digital business ecosystem that caters to and ties together digital advertisers, consumers, video gamers and travelers, today announced the pricing of an underwritten public offering of 3,230,000 shares of its common stock at a public offering price of $2.50 per share, for gross proceeds to the Company of approximately $8.1 million, before deducting the underwriting discount and other offering expenses payable by the Company.
- 05/13/2021
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Monaker Group to Participate at the Sidoti Virtual Microcap Conference on May 19-20, 2021
- Sunrise, FL, May 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a technology solutions company, has been invited to participate at the Sidoti Virtual Microcap Conference being held May 19-20, 2021.
- 05/06/2021
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Creditor of Former Axion Ventures CEO Receives BC Supreme Court Relief Concerning 40,713,307 Axion Shares, Prohibiting Sale to Monaker Group
- Singapore, Singapore--(Newsfile Corp. - April 15, 2021) - Further to the press release of April 07, 2021, Yuki Hirakawa is a concerned shareholder of Axion Ventures Inc. (TSXV: AXV) and a creditor of John Todd Bonner, the former chief executive officer of Axion, and his family and affiliates under his control. John Todd Bonner, Nithinan Boonyawattanapisut and Monaker Group Inc. (NASDAQ: MKGI) have together announced the sale, closing and transfer of 71,993,358 shares of Axion from...
- 04/15/2021
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Monaker Group Announces Shareholder Approval to Acquire HotPlay, an Innovative In-Game Advertising Technology and Online to Offline Couponing Solutions Company
- SUNRISE, FL, April 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a technology solutions company, today announced Monaker Group shareholders at a special meeting held on April 7, 2021, voted to approve the issuance of shares of common stock associated with the acquisition of HotPlay Enterprise Limited (HotPlay), pursuant to a Share Exchange Agreement entered into with HotPlay and its stockholders, and to further approve the terms of such Share Exchange Agreement (the "Transaction").
- 04/08/2021
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Monaker Group Enters into Agreement to Acquire Majority Stake in Digital Bank with Plans to Expand Longroot's Initial Coin Offering Portal with Fintech Solutions
- SUNRISE, FL, April 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI) (“Monaker” or the “Company”), a technology solutions company, today announced it has signed an agreement to purchase approximately 57.6% of the common voting shares of International Financial Enterprise Bank, Inc. (“IFEB”), a Puerto Rico corporation licensed as an Act 273-2012 international financial entity, headquartered in San Juan, Puerto Rico. The closing of the purchase is subject to approval, review and acceptance of Monaker by the Commissioner of Financial Institutions of Puerto Rico (“OCIF”) – the regulator for IFEB. Monaker paid US$6,400,000 in cash for the acquisition of the majority stake in IFEB.
- 04/07/2021
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Monaker Group Partnership Acquires Award Winning Digital TV Technology Provider; Plans to Accelerate Global Expansion of HotPlay Advertising Platform
- Sunrise, FL, April 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a technology solutions company, today announced that Reinhart Interactive TV, a Monaker-funded strategic partnership, has acquired a leading and award winning Interactive TV supplier, founded in 2001 by former employees of Philips Media.
- 04/06/2021
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MONAKER GROUP INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Monaker Group, Inc. - MKGI
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Monaker Group, Inc. (“the Company”) (NasdaqGS: MKGI) with Hotplay Enterprise Limited and stockholders of Axion Ventures, Inc., pursuant to which Monaker shareholders will retain ownership of less than 20% of the company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-mkgi/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
- 03/22/2021
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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Monaker Group, Inc. - MKGI
- NEW YORK, March 5, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...
- 03/05/2021
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Monaker Group Announces Launch of NextTrip Business, the Company's Corporate Travel and Expense Management SaaS Solution
- WESTON, FL, Jan. 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Monaker Group, Inc. (NASDAQ: MKGI) (‘Monaker' or the ‘Company'), a technology solutions company, today announced the launch of NextTrip Business, its corporate travel and expense management SaaS solution. The subscription-based software solution helps companies track and control travel expenditures while offering employees a single platform on which to book flights, accommodations, and transportation reservations.
- 01/25/2021
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Monaker Group Files Initial Preliminary Proxy Statement in Order to Seek Shareholder Approval of HotPlay Enterprise Limited Share Exchange and Related Transactions
- WESTON, FL, Jan. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, reported today that on January 13, 2021, the company filed its initial preliminary proxy statement on Schedule 14A, with the Securities and Exchange Commission (SEC). The proxy statement includes a proposal seeking, among other things, shareholder approval for the company's previously announced acquisition of HotPlay Enterprise Limited (HotPlay). The initial filing is an important step in the process towards completing the acquisition of HotPlay, and the company anticipates that it may take several amendments to the proxy statement in order for the company to clear SEC comments (if any) on such proxy statement in order to finalize the form of proxy statement, mail such proxy statement, and ultimately seek shareholder approval.
- 01/14/2021
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Monaker Group Announces Exercise and Closing of Underwriters' Over-Allotment
- Weston, FL, Jan. 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, today announced that the underwriters of its previously announced bought deal offering have exercised, in full, their option to purchase an additional 462,000 shares of the Company's common stock at a price of $2.50 per share. Total gross proceeds to the Company from the offering, including the funds received from the prior closing and the exercise of this option, are approximately $8.85 million, before deducting underwriting discounts, commissions, and other offering expenses payable by the Company. The shares were offered pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (SEC). A prospectus supplement and accompanying base prospectus relating to the offering were filed with the SEC and are available on the SEC's website at www.sec.gov.
- 01/13/2021
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Longroot Thailand, Which is Indirectly Controlled by Monaker Group, Signs Engagement with Magnolia, Sets Terms for $500-$700 Million ICO Portal Crypto Offering
- WESTON, FL, Jan. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI) (‘Monaker' or the ‘Company'), a technology solutions company, today announced that Longroot Holding (Thailand) Company Limited, a Thailand company (‘Longroot'), which Monaker indirectly controls, which operates an initial coin offering (ICO) portal in Thailand, has signed a formal Engagement Letter with MAGNOLIA QUALITY DEVELOPMENT CORPORATION (‘MQDC') (‘MAGNOLIA'), to represent MQDC as its financial advisor for a proposed ICO offering targeted between US$500 - $700 million.
- 01/11/2021
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Monaker Group Increases Indirect Ownership of Entity Which Controls Longroot ICO Crypto Portal To 75%
- WESTON, FL, Jan. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, today announced that, in exchange for a capital contribution, it has increased its indirect ownership stake to 75% in the entity that controls the Longroot initial coin offering (ICO) portal, Longroot (Thailand) Limited (“Longroot”). The additional capital is planned to be used to expand Longroot's staff, operations, technology platforms and reporting capabilities. Longroot is currently one of only three ICO portals Licensed and Regulated by the Securities and Exchange Commission of Thailand, allowing it to provide financing, and investment services for digital assets to companies globally.
- 01/07/2021
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Monaker Group Increases Previously Announced Bought Deal to $7.7 Million
- Weston, FL, Dec. 29, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, announced today that, due to demand, the underwriters have agreed to increase the size of its previously announced offering and purchase on a firm commitment basis 3,080,000 shares of common stock of the Company, at a price to the public of $2.50 per share (the “Public Price”). The closing of the offering is expected to occur on or about December 31, 2020, subject to customary closing conditions.
- 12/29/2020
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Monaker Group Announces Bought Deal Offering
- Weston, FL, Dec. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, today announced that it has entered into an underwriting agreement pursuant to which the underwriters have agreed to purchase on a firm commitment basis a minimum of 2,600,000 shares of common stock of the Company, at a price to the public of $2.50 per share (the “Public Price”). The closing of the offering is expected to occur on or about December 31, 2020, subject to customary closing conditions.
- 12/28/2020
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Monaker Group Increases Alternative Lodging Rental Inventory 30% to More Than 3,400,000 Properties
- WESTON, FL, Dec. 11, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, reported it has increased its instantly confirmable Alternative Lodging Rental (ALR) properties available through the proprietary Monaker Booking Engine (MBE) to more than 3.4 million units. The additions represent a 30% increase over the 2.6 million listed ALR properties the Company reported in 2019.
- 12/11/2020
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Monaker Group to Present at LD Micro's Main Event on December 14, 2020
- WESTON, FL, Dec. 04, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, has been invited to present at LD Micro's Main Event being held virtually on December 14-15, 2020.
- 12/04/2020
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Monaker Group Announces Crypto Offering Created by Majority-Owned Longroot for Major Thai Real Estate Development Company
- WESTON, FL, Dec. 01, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a leading provider of travel and vacation rental booking technology, today announced that the Longroot initial coin offering (ICO) portal in Thailand, in which Monaker recently acquired an indirect controlling stake, has signed a Letter of Intent with MAGNOLIA QUALITY DEVELOPMENT CORPORATION (‘MQDC') (‘MAGNOLIA'), a business unit of DTGO Corporation Limited (DTGO), to represent MQDC as Financial Advisor and ICO Portal for a proposed initial coin offering valued at between US$500 -700 million.
- 12/01/2020
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Monaker Group Acquires Indirect Majority Stake in Entity Which Owns Longroot ICO Portal to Offer New Options for Travel, Gaming and Digital Advertising
- WESTON, FL, Nov. 19, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a leading provider of travel and vacation rental booking technology, today announced it has acquired an indirect controlling stake in the entity which owns the Longroot initial coin offering (ICO) portal in Thailand, which provides certain financial services for digital assets regulated by the Securities and Exchange Commission of Thailand.
- 11/19/2020
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Monaker Group Acquires 33% Equity Stake in Axion Ventures, Inc.; Completes First Major Step Toward Becoming Industry Leader in Consumer Engagement Through Travel, Gaming and Digital Advertising Innovation
- WESTON, FL, Nov. 18, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a leading provider of travel and vacation rental booking technology, has completed the proposed acquisition announced earlier this year of a 33% equity stake in Axion Ventures, Inc. (TSXV:AXV; OTCQB: AXNVF), a majority owner of Axion Games and True Axion Games. Additionally, as part of the transaction, Monaker has been assigned ownership of an aggregate of US$7.6 million in debt owed by Axion Ventures which has been called and is past due.
- 11/18/2020
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Monaker Group Completes Direct Integration with HomeToGo, Worlds Largest Vacation Rental Search Engine
- WESTON, FL, Nov. 09, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire – Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, and HomeToGo (‘HTG'), the world's largest vacation rental search engine, have completed a direct integration to search and book Monaker available Alternative Lodging Rental (ALR) properties.
- 11/09/2020
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MERGER ALERT - MKGI and OTEL: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies
- NEW YORK, NY / ACCESSWIRE / August 11, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
- 08/11/2020
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Monaker Alternative Lodging Inventory Goes Live on Agoda Through RateGain Connection
- WESTON, FL , Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, today announced that Agoda, Booking Holdings’ Asia headquartered digital travel platform, has completed the certification process and is now integrated with the Monaker Booking Engine (MBE). As a result, Agoda’s vast customer base can search and immediately book from Monaker’s alternative lodging rentals (ALRs). Agoda had contracted and integrated with MBE using the RateGain connection (switch). The connection and business relationship combine Agoda’s best-in-class technology and marketing optimization capabilities with Monaker’s proprietary MBE and vacation rental properties, thus leveraging the RateGain switch.“Through our partnerships with a growing number of major travel distributors,” said Monaker CEO Bill Kerby, “we continuously strive to innovate, simplify and expand travelers’ access to a global inventory of instantly confirmable ALR properties; so we are very excited by this deployment with Agoda and expansion of our distribution footprint through a globally trusted brand. Agoda’s customers will immediately benefit and enjoy broader choices for quality ALR accommodations at great prices.”About AgodaFrom its beginnings as an e-commerce start-up based in Singapore in 2005, digital travel platform Agoda has grown to offer a global network of over 2.6 million properties in more than 200 countries and territories worldwide, offering travelers easy access to a wide choice of luxury and budget hotels, apartments, homes and villas, to suit all budgets and travel occasions. In 2019, Agoda added a flight product and packages to help make travel even easier.Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 5,000 staff in 30 countries. Agoda.com and the Agoda mobile app are available in 38 languages.About Monaker GroupMonaker Group, Inc., is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The proprietary Monaker Booking Engine (MBE) provides access to more than 2.6 million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies an industry first: a customizable, instant-booking platform for alternative lodging rental. For more about Monaker Group, visit www.monakergroup.com and follow on twitter @MonakerGroupImportant Cautions Regarding Forward Looking StatementsThis press release may include “forward-looking statements” which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. All forward-looking statements are expressly qualified in their entirety by the “Risk Factors” and other cautionary statements included in Monaker’s annual, quarterly and current 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 29, 2020 and the company's subsequently filed Quarterly Reports on Form 10-Q, which have been filed with the SEC and are available at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company.Company Contacts:Monaker Group, Inc.Richard MarshallDirector of Corporate DevelopmentTel (954) 888-9779rmarshall@monakergroup.comAgodaElaine TohPublic Relations ManagerTel +65 8183 7891Elaine.toh@agoda.com
- 08/04/2020
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Monaker Group Launches Instantly Confirmed Vacation Rentals on Maupintour.com as It Continues to Re-Energize Historic Travel Brand
- WESTON, FL, July 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, has completed the integration of its Monaker Booking Engine (MBE) with its Maupintour.com travel website. Building upon a 70-year legacy of personalized travel and customized tour packages, Maupintour.com can now offer its clients access to Monaker’s global inventory of alternative lodging rentals (ALRs) matched to the individual needs of the traveler, from vacation homes, resort residences and apartments, to villas, chalets and even castles.Since Monaker’s ALR reservations are sourced from property managers, they can be instantly confirmed using the Monaker Booking Engine, rather than waiting hours or even days for property owners to respond. This allows the rental to be seamlessly booked alongside air, car, and other travel reservations as a complete package.“Cross-leveraging our proprietary MBE technology allows us to further enhance our high-touch luxury travel platform with highly personalized alternative lodging reservations,” commented Tim Sikora, Monaker’s chief information officer and chief operating officer. “Adding ALRs to Maupintour is timely given how ALR bookings industry-wide are trending upward in spite of the pandemic. We have also been seeing an increase in MBE searches and booking activity by our other connected distributors, which we believe reflects how ALRs present a more desirable lodging option since they offer the safety, flexibility and comfort of home.”Additional features for Maupintour and the Maupintour.com website are being planned for release this fall, including booking of private air travel, additional inventory of ultra-luxury vacation home rentals, and access via content-rich Apple iOS and Google Play mobile apps. About Monaker GroupMonaker Group, Inc., is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The proprietary Monaker Booking Engine (MBE) provides access to more than 2.6 million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies an industry first: a customizable, instant-booking platform for alternative lodging rental. For more about Monaker Group, visit www.monakergroup.com and follow on twitter @MonakerGroupImportant Cautions Regarding Forward Looking StatementsThis press release may include “forward-looking statements” which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. All forward-looking statements are expressly qualified in their entirety by the “Risk Factors” and other cautionary statements included in Monaker’s annual, quarterly and current 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 29, 2020 and the company's subsequently filed Quarterly Reports on Form 10-Q, which have been filed with the SEC and are available at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company.Company Contact:Monaker Group, Inc.Richard MarshallDirector of Corporate DevelopmentTel (954) 888-9779rmarshall@monakergroup.com
- 07/29/2020
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MERGER ALERT - INWK, MKGI, and NBL: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies
- NEW YORK, NY / ACCESSWIRE / July 28, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
- 07/28/2020
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Monaker Group Announces Pricing of $2.0 Million Registered Direct Offering
- WESTON, FL, July 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI) (the "Company"), a worldwide online marketplace for alternative lodging rentals (ALRs), which offers ALR products and services to property owners and managers, travelers, and other travel/lodging distributors, today announced that it has entered into a securities purchase agreement with an institutional investor for the issuance and sale of 1,000,000 shares of its common stock at a price of $2.00 per share, for aggregate gross proceeds of approximately $2.0 million, in a registered direct offering. Kingswood Capital Markets, a division of Benchmark Investments, Inc., is acting as placement agent for the offering. The offering is expected to close on or about July 27, 2020, subject to the satisfaction of customary closing conditions.The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-224309) previously filed and declared effective by the Securities and Exchange Commission (the "SEC"), and declared effective on July 2, 2018. The offering of the shares of common stock will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, describing the terms of the proposed offering, which will be filed with the SEC. The Company will also file a Form 8-K in connection with the securities purchase agreement and the closing of the offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. When available, copies of the prospectus supplement relating to this registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Kingswood Capital Markets, a division of Benchmark Investments Inc., 17 Battery Place, New York, NY 10004, Attention: Syndicate Department, or via email at syndicate@kingswoodcm.com or telephone at (212) 404-7002. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.About Monaker Group Monaker Group, Inc., is a technology-driven company focused on delivering innovation to the alternative lodging rental (ALR) market. The proprietary Monaker Booking (MBE) provides access to more than 3.2 million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies an industry first: a customizable, instant-booking platform for alternative lodging rental. For more about Monaker Group, visit www.monakergroup.com and follow on twitter @MonakerGroup.Forward-Looking StatementsThis release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties relate to completion of the public offering on the anticipated terms, or at all, market conditions and the satisfaction of customary closing conditions related to the public offering. More information about the risks and uncertainties faced by Monaker will be contained in, in and incorporated by reference in, the section captioned “Risk Factors” in the prospectus supplement related to the public offering and are detailed from time to time in Monaker’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.Contact:Monaker Group, Inc. info@monakergroup.comTel: (954) 888-9779
- 07/24/2020
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Monaker Group Enters Into Agreement to Acquire Technology Leader HotPlay and 33% Interest in Axion Ventures, Inc.
- Combined Entity to Engage Consumers Worldwide Through Digital Advertising, Gaming and Travel PlatformsWESTON, FL, July 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI) (the “Company”), a technology leader in the travel and vacation rental markets, today announced it has entered into binding definitive share exchange agreements (the “Agreements”) relating to the proposed acquisition of 100% of the outstanding shares of HotPlay Enterprise Limited (a private British Virgin Islands Company) from the shareholders of such entity for a majority stake in the Company. The Company will also acquire shares and certain loans of Axion Ventures, Inc. (Axion) from related shareholders of HotPlay who also control a minority interest in Axion and have provided a majority of the credit to Axion. Under the terms of the Agreements, upon the closing thereof, the shareholders of HotPlay will become the majority shareholders of the Company following the closings, with the HotPlay shareholders receiving 67.8% of the Company’s post-closing capitalization as a result of the merger of HotPlay, which shall include at least US $15 million in cash available for the expansion the Company. Current stockholders of the Company will hold 17.4% of the Company’s post-closing capitalization of the Company unless more than US $15 million is provided by HotPlay pursuant to the merger. Upon the closing, the Company and HotPlay would become a combined public entity under Monaker Group, with HotPlay’s shareholders, at the end of the process, becoming the Company’s largest stakeholders with a controlling interest in the combined public company and the transaction resulting in a change of control of the Company.A condition to closing the Agreements is that HotPlay contributes $15 million in funding at closing (less amounts loaned to the Company prior to closing, as discussed below), a portion of which is planned to be available to the Company to be used to enhance its Alternative Lodging Rental (ALR) and NextTrip platforms, as well as fund its marketing budgets, retire existing debts, and provide excess capital for use in the event of a more prolonged travel business recovery due to Covid-19.HotPlay is a revolutionary in-game advertising (“IGA”) company, which shall leverage proprietary Artificial Intelligence and harmonizing engagement between businesses and consumers. For the most part, in-game advertising is conducted by intermediate display ads and interstitials which games most likely ignore; however, the HotPlay technology seamlessly integrates native ads into games and enables client brands to insert non-intrusive and interactive digital coupons, redeemable through both online and offline channels. Brands can even track the conversion funnel from viewers to actual sales in real-time. Additionally, HotPlay helps game developers generate additional revenue streams by monetizing in-game real estate through advertising without compromising the integrity of the game. HotPlay has concluded contracts with a major retail POS platform and has and is in the process of licensing its Ad Tech to multiple video game developers, allowing advertisers to potentially address 27.8 million gamers in Thailand alone. Case studies demonstrated giving gamers real world value, in the form of promotional coupons, helps gamers retention rates. HotPlay is signing agreements to roll out the platform in several more countries in southeast Asia.Upon closing, the Company shall become a significant stakeholder in of Axion Ventures Inc. which is a majority owner of Axion Games Limited (“Axion Games”) and True Axion Games in Thailand. Axion Games, founded in 2006 and formerly known as Epic Games China, is an independent AAA game development studio and game publisher. Axion’s strength includes high production value - top-notch quality content developed by a team with a history of deep involvement in many record-breaking games including several famous titles from Epic Games. Axion's latest large-scale PC title, Rising Fire, was a Tencent’s headline shooting game in 2018. Axion Games’ expertise and capabilities are extremely well-regarded among global industry players, and it has played a crucial role in developing content for multiple AAA titles all over the world. Axion Ventures Inc. is in the process of releasing several games in 2020 and 2021 through established publishing relationships with major publishers globally.Through the acquisitions, the Company plans to transition from a solely travel based company, to a travel company with gaming and in-game advertising company, with the goal of engaging consumers through digital advertising, gaming and travel platforms. We also contemplate these acquisitions enhancing the Monaker Booking Engine and NextTrip and Maupintour travel offerings through increased technology capabilities - including the adoption of artificial intelligence and blockchain - and access to additional technology talent in those areas to further revolutionize the Monaker travel brands.“We are thrilled with this opportunity to join forces with such large multi-national players,” said Bill Kerby, Vice Chairman & CEO of Monaker Group, who continued, "The acquisition of HotPlay and the minority ownership in Axion will represent a tremendous addition for our stakeholders and will position Monaker as a diversified global company that monetizes engaging, connective platform technologies. We anticipate greater visibility and therefore success of Monaker’s travel brand upon the closing of the transactions, in addition to the contributions from what will be two new divisions of the company, (i) gaming and (ii) in-game advertising. Gaming and in-game advertising (IGA) are booming and the IGA application for travel advertising is expected to be substantial.”The parties have executed definitive agreements with a closing expected in the third quarter or early fourth quarter of 2020. Included in the HotPlay Agreement is the commitment by certain shareholders of HotPlay to loan Monaker Group $1,000,000 on or before August 31, 2020 and to continue making $1,000,000 loans on September 30, 2020, and each month thereafter through closing. The closing of the transactions contemplated by the Agreements is subject to various closing conditions, consents and requirements. No assurances can be made that the parties will successfully consummate the transactions contemplated by the Agreements on the terms or timeframe currently contemplated, or at all. The transaction and combination are subject to regulatory review and shareholder approvals, as well as other customary conditions. Additional information regarding the Agreements, the terms thereof, and the transactions contemplated in connection therewith, are available in the Company’s Current Report on Form 8-K which was filed today with the Securities and Exchange Commission and is available at www.sec.gov.About Monaker GroupMonaker Group, Inc., is a technology-driven company focused on delivering innovation to the alternative lodging rental (ALR) market. The proprietary Monaker Booking (MBE) provides access to more than 2.6 million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies an industry first: a customizable, instant-booking platform for alternative lodging rental. For more about Monaker Group, visit www.monakergroup.com and follow on twitter @MonakerGroupForward-Looking StatementsCertain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements.
- 07/23/2020
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After 50 years on Richmond city council, Harold Steves is hanging up his gloves
- Mr. Steves is to B.C.‘s farmland as Tommy Douglas was to Canada’s health care
- 07/18/2020
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COVID-19 Impact & Recovery Analysis - Projector Screen Market (2020-2024) | Growing Adoption of Ambient Light Rejecting (ALR) Screens to Boost Growth | Technavio
- The projector screen market is poised to grow by USD 30.54 billion during 2020-2024.
- 07/17/2020
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Alro S A : , one of the largest vertically integrated aluminium producers in Europe, is celebrating its 55th anniversary | MarketScreener
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Here come the brides: surge in weddings on cards next year
- London’s wedding industry is preparing for a “bumper” year in 2021 as couples reschedule their coronavirus-delayed ceremonies. Thousands of couples forced to postpone their weddings as the UK went into lockdown are now looking forward to saying “I do” in the coming months.
- 06/26/2020
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Monaker Hires Randy Laser as VP, Products and Revenue Management
- WESTON, FL, May 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, today announced it has hired travel industry veteran Randy Laser to the new position of Monaker Group VP, Products and Revenue Management. Effective May 15, 2020, Mr. Laser joined Monaker’s management & technology team with a mission to accelerate the redevelopment and launch of Monaker’s NextTrip.biz, manage relationships with Monaker’s service providers, and lead the development of a Revenue Management system in the Monaker Booking Engine (MBE).
- 05/18/2020
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Does Monaker Group, Inc.'s (NASDAQ:MKGI) CEO Pay Reflect Performance?
- Bill Kerby became the CEO of Monaker Group, Inc. (NASDAQ:MKGI) in 2004. This analysis aims first to contrast CEO...
- 05/14/2020
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Monaker Launches New Maupintour.com Website, Re-energizes Historic Travel Brand
- WESTON, FL, May 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has launched the new Maupintour.com website, re-energizing the historic 70 year-old tour company with technology for post-pandemic travel. Maupintour can trace its roots back to the late 1940s as a well-known and respected name in the travel industry. In the 1950s Maupintour became the first company to send tourists into the Soviet Union after World War II. The tours were unprecedented in tourism and received wide national press coverage that instantly established Maupintour as an innovative, forward-thinking company, a reputation that it still maintains.
- 05/13/2020
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Monaker Group Provides Corporate Update; Company Continues to Make Progress on Travel Industry Platform Integrations of its Monaker Booking Engine
- WESTON, FL, March 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, is providing its industry partners, stakeholders and shareholders with an update on its recent corporate initiatives and response to the coronavirus COVID-19 pandemic. The COVID-19 outbreak is having an enormous impact on the travel industry, ranging from hotels and cruise ships temporarily suspending operations to airlines discontinuing flights in many regions. Given our focus on the leisure ALR market and anticipating a return to more normalized market conditions over the coming months, Monaker’s strategy continues to center around strengthening its position as an industry leader for instantly bookable and confirmed reservations for alternative lodging and vacation home rentals.
- 03/18/2020
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Should You Be Concerned About Monaker Group, Inc.'s (NASDAQ:MKGI) Historical Volatility?
- If you own shares in Monaker Group, Inc. (NASDAQ:MKGI) then it's worth thinking about how it contributes to the...
- 03/15/2020
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Monaker Group to Present at the 32nd Annual ROTH Conference on March 16-17, 2020
- WESTON, FL, Feb. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has been invited to present at the 32nd Annual ROTH Conference being held at The Ritz Carlton, Laguna Niguel in Orange County, California, on March 16-17. Last year, the ROTH Conference hosted more than 5,100 attendees, including institutional investors, analysts, family offices and high net worth investors. Monaker CEO, Bill Kerby, and director of corporate development, Richard Marshall, are scheduled to present in one-on-one meetings with institutional analysts and investors.
- 02/27/2020
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Monaker Group Invited to Speak at the RateGain Future Connect Summit on February 26, 2020
- WESTON, FL, Feb. 13, 2020 -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, has been invited to.
- 02/13/2020
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'Driving on smart motorways is like playing Russian roulette'
- He was hit by lorry after being involved in a minor crash
- 02/11/2020
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Introducing Monaker Group (NASDAQ:MKGI), The Stock That Slid 69% In The Last Five Years
- Statistically speaking, long term investing is a profitable endeavour. But along the way some stocks are going to...
- 01/15/2020
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Monaker Group to Present at 12th Annual LD Micro Main Event on December 10-12, 2019
- WESTON, FL / ACCESSWIRE / November 5, 2019 / Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has been invited to present at 11th Annual LD Micro Main Event institutional investor conference being held on December 10-12, 2019 at the Luxe Sunset Bel Air Hotel in Bel Air, California. Management will discuss how its cloud-based Monaker Booking Engine (MBE) B2B platform provides travel distributors the ability to book commissionable vacation rentals within their existing reservation systems from a worldwide inventory of alternative lodging rental (ALR) properties, commonly referred to as vacation rentals.
- 11/05/2019
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Monaker Group Appoints Travel Industry Pioneer, Alexandra Zubko, to Board of Directors
- WESTON, FL, Oct. 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has appointed Alexandra Zubko to its board of directors. Zubko brings to Monaker 14 years of travel industry experience, with a proven track record of delivering digital innovation to the hotel industry. Zubko co-founded and served as chief customer officer and general manager of Americas at Triptease, a provider of SaaS-based digital tools designed to create a seamless booking journey for hotel guests.
- 10/30/2019
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Monaker Group Partners with RateGain for Switch Connectivity and Content
- WESTON, FL, Oct. 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, today reported the completion of an integration and the launch of a partnership with RateGain Technologies, the market leader in hospitality and travel technology solutions, for Switch Connectivity and Content. The Switch Connectivity will allow Monaker’s 2.6 million plus vacation rental properties to access 1,500+ demand partners, thereby, helping end customers with the appropriate vacation rentals that they are looking for. RateGain, via its distribution solutions – DHISCO, RezGain and Smart Distribution, provides access to the largest distribution ecosystem in a frictionless manner.
- 10/22/2019
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Could The Monaker Group, Inc. (NASDAQ:MKGI) Ownership Structure Tell Us Something Useful?
- If you want to know who really controls Monaker Group, Inc. (NASDAQ:MKGI), then you'll have to look at the makeup of...
- 10/17/2019
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Monaker Appoints Travel Industry Executive, Tim Sikora, as Chief Information Officer
- WESTON, FL, Oct. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has appointed travel industry veteran, Tim Sikora, to the new position of chief information officer. Sikora will be responsible for managing all information technologies including the ongoing integrations of travel distributors with the company’s Monaker Booking Engine (MBE), a customizable, instant-booking platform for alternative lodging and vacation rentals.
- 10/15/2019
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Smart motorways: Where are they already, and where are they being built?
- There are 35 schemes up and running, with more on the way
- 09/22/2019
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Monaker Group Acquires Key Inventory and Travel Services from IDS Technology for $5.5 Million
- The terms of the agreement include the purchase by Monaker of key assets and technology - from IDS - along with software development and integration services for a total of $5.5 million. The consideration payable to IDS is $634,000 in cash and 1,968,000 restricted shares of Monaker’s common stock valued at $2.50 per share.
- 08/22/2019
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Monaker Group Integrates Booking Engine and Vacation Rental Inventory with Largest Travel Company to Date, Expanding European Presence
- WESTON, FL, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, reported that another well-established, leading travel company has completed its integration and certification of the Monaker Booking Engine (MBE). The travel company can now offer its customers instantly-bookable inventory of more than 2.6 million vacation rental properties through established channels. “This integration with our largest travel distributor to date dramatically expands our reach in Europe, with their travel platforms operating in more than a dozen countries and booking vacation packages for hundreds of thousands of travel customers every month,” said Monaker CEO, Bill Kerby.
- 07/18/2019
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Monaker Group Joins Russell Microcap Index
- WESTON, FL, July 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, has been added to the Russell Microcap® Index at the conclusion of the 2019 Russell indexes annual reconstitution, effective after the U.S. market opens today. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. “Monaker is honored to be included in the Russell Microcap Index,” said Bill Kerby, the company’s vice chairman and CEO.
- 07/01/2019
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Monaker Nominates Jamie Mendola and Rupert Duchesne as Members of the Board of Directors
- WESTON, FL, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc., (MKGI), a technology leader in the travel and vacation rental markets, has nominated Jamie Mendola and Rupert Duchesne as nominees for appointment to the company’s board of directors at the combined 2020/2019 annual meeting of the company which will be held on August 15, 2019. “Both of these appointments further strengthen an already robust board,” said Monaker Vice Chairman and CEO, William Kerby.
- 06/27/2019
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Monaker Group, Inc. Sets Date For Combined 2020/2019 Annual Meeting of Stockholders
- WESTON, FL, June 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, today announced that it had scheduled its combined 2020/2019 Annual Meeting of Stockholders to be held on Thursday, August 15, 2019 at 2:00 P.M. local time at 2893 Executive Park Drive, Suite 201, Weston, Florida 33331. The record date for determination of stockholders entitled to vote at the meeting, and any adjournment thereof, is planned to be set on or around the close of business on June 20, 2019 (the “Record Date”). More information regarding the Company's Combined 2020/2019 Annual Meeting of Stockholders will be disclosed in the Company's preliminary proxy statement which the Company plans to file with the Securities and Exchange Commission on or around June 27, 2019.
- 06/19/2019
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Monaker Reports Fiscal 2019 Year-in-Review, with Initial Revenue Generated by Industry’s First Customizable B2B Alternative Lodging Booking System with Instant-Booking
- WESTON, FL, June 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (MKGI), a technology leader in the travel and vacation rental markets, provided a review of its fiscal year ended February 28, 2019 and outlook for fiscal 2020. “In fiscal 2019, we launched the travel industry’s first B2B reservation system that supports instantaneous booking for more than 2.6 million alternative lodging rentals around the world,” said Monaker CEO, Bill Kerby. “The system also offers other innovations, including the instant booking capability to be integrated into virtually any reservation system with full customization, and commissionable bookings of vacation rentals combined with complete travel packages.
- 06/14/2019
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Dow Jones News: Stocks Slide as Rex Tillerson Travels to Russia to Talk About Syria
- Tuesday's Dow Jones news features stocks sliding in early trading hours as geopolitical tensions rise. Here's what's ahead for the stock market today, April 11...
- 04/11/2017
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Dow Jones News Today: Stocks Slide as Investors Eye President Trump's China Summit
- The Dow Jones news today centers on stocks sliding ahead of another day of economic data releases. Here's what's ahead for the stock market today, April 4...
- 04/04/2017
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Tetragon – Ready To Be A Star
- Continued from here. The ultra-quick recap: Leveraged loans avoid most interest-rate price risk & enjoy better (default) recoveries than junk bonds, while CLOs offer diversification & loss…
- 01/22/2013
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