Next 1 Announces Plans to Expand Real Estate VOD Platform and Marketing Program

FORT LAUDERDALE, Fla., Feb. 21, 2012 /PRNewswire/ -- Next One Interactive, Inc. (OTCBB:NXOI), ("Next 1") today announced it will be expanding its Real Estate Video on Demand (VOD) Network to three new cities in March.  This VOD technology, that provides a single automated television and web marketing solution for real estate professionals, will soon be available in Orlando, Phoenix and Las Vegas.

These cities have been selected because they have experienced some of the largest declines in real estate pricing and rank amongst the highest in bank foreclosures across the US. The Company sees an opportunity to utilize both its real estate and travel relationships to create two unique incentives for marketing properties from these cities.  First, the high capacity tourist appeal of amusement/theme parks, gaming and golf/sun destinations targets Northern US residents seeking second homes to escape cold weather during the winter months.  Second, these cities offer housing at a substantial reduction in pricing, as homes are on average, 60% lower in price, compared to peak pricing in 2006.  Additionally, recent activity shows an increase in European residents' interest in purchasing significantly reduced US homes, as a second or third home.  For these reasons, the Company will focus distribution on marketing these new cities across its platform to target Northern US residents as well as creating customized television vignettes that promote tourism and real estate ownership opportunities to potential European buyers. 

To expand upon home buyers' interest in additional savings on homes in these high tourism areas, the Company is currently sourcing both home listings and bank foreclosed properties to add to its current Video on Demand inventory.  While viewers will be introduced to the potential for significant savings on home listings in some of the United States most desirable tourism locations, the model will help position the company to potentially capture revenue from real estate transactional partners, real estate listing and referral fees as well as travel and tourism advertising. Combining our real estate and travel relationships should also provide a unique synergy for attracting increased awareness on the VOD platform.

"While the recession in the U.S. has been very difficult, there are clearly signs of recovery and we are eager about our new strategic approach in expanding our goal of creating a convenient Video on Demand platform with a now added relevance of distributing to potential homebuyers in specific markets both in the US and abroad," says Bill Kerby, CEO of Next 1 Interactive.

About Next One Interactive, Inc.

Next 1 Interactive, Inc. (NXOI) is a multi faceted media company specializing in Travel and Real Estate. Next 1 plans the delivery of targeted content via multiple digital platforms including Satellite, Cable, Broadcast, Broadband and Mobile. In today's digital market Next 1 delivers information and entertainment to consumers. The company business plan calls for multiple revenue streams from real estate and travel content delivery including transactional commissions, referral fees, advertising and sponsorship. The multiple revenue streams and integrated media platforms allow for the delivery of measurable return on investment to its advertisers, sponsors and business partners.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact:
NXOI Corporate Headquarters
Next 1 Interactive, Inc.
Direct: 954-888-9779
[email protected]

SOURCE Next One Interactive, Inc.