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VERUS INTERNATIONAL, INC.

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GAITHERSBURG MD
Verus International is based out of Gaithersburg. Webdigs, Inc. operates as a real estate consumer services company in the United States. The company offers home search, purchase and sale capabilities through the Internet. Its Web site permits users to browse real estate listings geographically by viewing listings on a map, and also permits users to view property summaries and details simultaneously with the mapping feature. Segments The company operates in two segments: Web-assisted real estate brokerage, and Mortgage brokerage. Web-Assisted Real Estate Brokerage business: For its customers selling homes, the company offers a flat fee structure for listing services (and related services). For its customers buying homes, the company offers a graduated fee structure by issuing rebates for up to one-half of its broker commissions for the related transaction. Mortgage Brokerage business: In its Mortgage Brokerage business, the company participates through its ownership interest in Marketplace Home Mortgage - Webdigs, LLC. It assists customers in refinancing their existing home mortgages and in financing new home purchases. Products and Services The company, through subsidiary entities, offers all services associated with a residential real estate transaction, including mortgage and insurance brokerage services. Its mortgage brokerage services are offered through Marketplace Home Mortgage - Webdigs, LLC a joint venture in which the company has a 49% interest. The company offers its services in the Minneapolis-St. Paul metropolitan area of Minnesota, Wisconsin, and southwest Florida. It is licensed to effect real estate transactions in Minnesota, Wisconsin, Colorado and Florida. Services for Home Buyers The company provides home buyers with various services. Through its Web site at www.webdigs.com, home buyers can search its database of MLS listings, schedule home visits, make offers and monitor the offer and counteroffer process. The company's licensed real estate agents, working from its offices, assist buyers by preparing offers, counteroffers and other real estate documents, negotiating purchase contracts and preparing for closings. As of December 31, 2008, its home buying clients have: submitted to the company approximately 2,000 requests for the company to schedule a personal visit of a property; submitted to the company approximately 400 requests to prepare purchase offers; and closed approximately 110 purchases or sales of properties. Services for Home Sellers The company provides its home sellers with Northstar MLS listings. The Northstar MLS contains listings from Minnesota, portions of western Wisconsin, northern Iowa, and eastern North and South Dakota. The company's listings also appear on Realtor.com and 14 other national home-listing Websites. Webdigs, in addition to providing home sellers with a home listing, arranges for virtual home tours of its sellers' homes so that the resulting virtual tour may become a part of the listing on its Website. To assist with the pricing of a seller's home, the company provides a comparative market analysis to the seller and individual consultation on pricing strategies. Finally, the company also provides a range of individual strategies for readying a seller's home for sale, including appropriately staging the home. As of December 31, 2008, its home selling clients have listed approximately 150 homes with the company. Additional Services The company also provides services that are complementary to real estate transactions in general, such as mortgage brokerage services and services relating to title, property and casualty insurance, including homeowner's insurance. Target Markets The company's target markets include St. Louis, Dallas-Fort Worth, Las Vegas, Denver, Detroit, Boston, New York City, Atlanta, Philadelphia, Phoenix, Austin and Chicago, and portions of Canada. Joint Venture The company, in August 2008, formed a jointly owned entity to combine the real estate customers of its Webdigs real estate business with the mortgage brokerage capacity offered by Marketplace Home Mortgage, another Twin Cities based mortgage broker. The new joint venture entity carries the name Marketplace Home Mortgage - Webdigs, LLC. Competition The company's competitors in the residential real estate brokerage market are traditional brokerage firms, including national brokerage firms or franchisors, such as Prudential Financial, Inc.; RE/MAX International Inc.; and Realogy Corporation. The company also competes with non-traditional real estate brokerage firms including ZipRealty, Inc.; iNest Realty, Inc. (a subsidiary of IAC/Interactive Corp); and Redfin Corporation. In addition, the company competes with discount real estate listing services, such as ForSaleByOwner.com and BuyOwner.com. The company competes with various online services, including Move, Inc.; Zillow.com; HouseValues, Inc.; HomeGain.com; Yahoo!Whalewisdom has at least 40 Form 4 filings The firm last filed a Form D notice of exempt offering of securities on 2019-06-12. The notice included securities offered of Equity

Contact Info

Contact information is taken directly from publicly disclosed SEC filings.

VERUS INTERNATIONAL, INC.
9841 WASHINGTONIAN BLVD
GAITHERSBURG MD    20878

Business Phone: (301) 329-2702
SEC SIC CODE:
5141-WHOLESALE-GROCERIES, GENERAL LINE

Recent SEC Filings

Filing Date
SC 13G/A 2023-02-14
8-K 2022-11-28
8-K 2022-11-09
10-Q 2022-09-16
NT 10-Q 2022-09-15
10-Q 2022-06-21
NT 10-Q 2022-06-15
10-Q 2022-04-15
10-K 2022-04-15
NT 10-Q 2022-03-18