 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 US6,400,000 in cash for the acquisition of the majority stake in IFEB. 