Before
the opening bell, Monaker Group, Inc. (OTCQB: MKGI) announced a new agreement
with Trisept Solutions, a division of The Mark Travel Corporation. Through this
partnership, Trisept will both power Monaker’s flagship NextTrip.com brand with
its Synapse travel merchandising platform and distribute its alternative
lodging inventory through VAX VacationAccess, Trisept’s premier travel agent
portal. This agreement is expected to fuel NextTrip’s forward growth by
enabling expanded product offerings and distribution in the months to come.
“Trisept
has the most advanced technology available for leisure vacation packaging
today,” Bill Kerby, chairman and chief executive officer of Monaker, stated in
this morning’s news release. “Expanding NextTrip’s capabilities and access to
agents and consumers will accelerate our growth and differentiate us from our
competition.”
By
integrating NextTrip’s product offerings into Trisept’s VAX platform, Monaker’s
sizable inventory of vacation home rentals, resort residences, rooms and unused
timeshares will be available to a network of over 70,000 travel agents.
NextTrip’s inventory will give these agents an easy, commissionable option for
selling vacation rentals to clients. Integration of NextTrip into both Synapse
and VAX is expected to take place over the next several months, with the
companies setting a target completion date of the end of this year.
Monaker’s
newly-announced distribution agreement with Trisept continues to build on the
development strategy the company’s management team outlined in its June
shareholder update. In addition to searching out new channel partners in order
to broaden distribution of NextTrip’s more than 600,000 properties, Monaker has
remained focused on structuring new relationships with established travel
clubs, operators and distribution groups. In the June update, the company’s
management team highlighted new relationships with the Recruiter.com Travel
Club and 20,000 travel agents via International Travel Organization, and its
newest agreement with Trisept is expected to play a key role in continuing to
expand the distribution capabilities of the NextTrip platform.
Moving
forward, Monaker will look to build on the number of alternative lodging rental
units available on its NextTrip Resorts platform. The company boasted an
impressive 125,000 available units following the beta launch of its platform in
February, and it reported roughly 1.1 million total units under contract in
early June. This sizable inventory, combined with the distribution capabilities
of Trisept’s VAX portal, could set the stage for considerable market growth as
Monaker continues to bolster its foothold in the growing travel industry.
“Integrating
NextTrip’s product offerings into our VAX platform will give agents for the first
time instant confirmation and an easy, commissionable way to sell vacation
rentals,” John Ische, president and chief executive officer of Trisept,
concluded in an August 15 news release.
For
more information, visit www.monakergroup.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
