Travel and technology company Monaker Group, Inc. (OTCQB: MKGID) this morning announced that its board of directors has approved a 1-for-2.5 reverse split of the company’s issued and outstanding common stock. With the successful implementation of the split taking place prior to market opening on Monday, the company is expected to meet the final requirements for listing on the Nasdaq Capital Market within the coming weeks. “We believe that listing on NASDAQ should help broaden our shareholder base, increase appeal to institutional investors, provide shareholders with better liquidity and, as a result, could ultimately contribute to increasing shareholder value,” Bill Kerby, CEO of Monaker, stated in the news release. “The Board made the decision that the Company should take steps necessary to uplist the company’s common stock on NASDAQ as we deploy the the travel industry’s first B2B reservation system supporting instantaneous booking for over a million alternative lodging rentals with several large established lodging distribution partners.”
To view the full press release, visit http://nnw.fm/9M9lx
About Monaker Group
Monaker Group is a technology-driven travel company focused on delivering innovation to alternative lodging rentals (ALR) market. The Monaker Booking Engine (MBE) delivers instant booking of more than one million 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. For more information, visit www.MonakerGroup.com
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com