SOURCE: Next 1 Interactive Inc.

August 17, 2010 15:13 ET

R&R TV, a Wholly Owned Subsidiary of Next One Interactive Inc. (OTCBB: NXOI), Announced Today That It Will Be Launching "On the BLOCK," a Series of Live Auctions in Conjunction With ValCom, Inc. and Direct Shopping Network

FORT LAUDERDALE, FL--(Marketwire - August 17, 2010) -  (OTCBB: NXOI) -- As part of its new programming lineup this fall, R&R TV, a full time TV network distributed in over 30 million homes, centered on travel and real estate, will be launching "On the BLOCK," a series of live auctions. The first week's auction will include real estate and art. The Art Auction will air on September 8th from 10 pm to 1 am (EDT).  "ART On the BLOCK" presents a unique opportunity for the viewer to buy art from one of the largest art auctions in the world... from lithographs to originals, the viewer will have a chance to bid and buy. "ART On the BLOCK" will air on R&R TV, My Family TV and Direct Shopping Network where the combined reach will exceed 80 million homes. 

Beginning on Saturday, September 11th, R&R "REAL ESTATE On the BLOCK" will feature homes for sale around the country and will air from 10pm to 1 am (EDT), on a bi-monthly basis. On August 7th R&R TV, My Family TV and Direct Shopping Network did an initial real estate auction which aired on all three networks and sold over 40 homes in three hours. 

"I am really looking forward to developing and producing these special events with R&R TV. The first auction I did with R&R proved to me that the audience is there and demonstrated that people will spend millions of dollars in this market for a bargain," stated Vince Vellardita, President and CEO of ValCom, Inc.

These live auctions will be promoted by R&R within our programming blocks and on rrtv.com Viewers will be instructed on how to register as a buyer either by phone or on the web. Buyers of "On the BLOCK" Art and Real Estate will also receive a free membership in the R&R Advantage Program, a travel and lifestyle discount program. "We believe the addition of 'On the BLOCK' live auctions will give viewers another reason to tune in regularly to R&R. The auctions also provide additional revenue," stated Wendy Johnson, President of R&R TV. "Dynamic live events like these that are targeted around our lineup provide new sponsorship and advertising opportunities for our clients," concluded Tom Armstrong, VP of Advertising and Sales.

About ValCom, Inc.

Based in Clearwater, FL, ValCom, Inc. is a diversified, fully integrated, independent entertainment company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of studio and rental, television and film, television broadcasting, and live theatre. ValCom's client list consists of all of the majors such as MGM, Paramount Pictures, Warner Bros, Disney, CBS, Sony, NBC, Phantom of the Opera, HSN, and more. For more information, please visit the company's website at http://www.valcom.tv.

About Next One Interactive Inc.

Next 1 Interactive Inc. (OTCBB: NXOI) is a multi faceted media company specializing in Travel and Real Estate. Next 1 delivers targeted content via digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. Along with the full time Resort and Residence TV network, the company will deliver its content and sponsors' messages on Video on Demand outlets enhanced by interactive applications. The company also provides content on terrestrial and internet radio and in customized print publications. In today's digital market Next 1 Interactive delivers information and entertainment to consumers. The company has created multiple revenue streams 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 Information

  • CONTACT:


    Programming, Sponsorship, Distribution
    Wendy Borow Johnson
    President R&R TV
    Tel: 954-734-8985
    Fax: 954-888-9082
    E-mail: wjohnson@rrtv.com

    Investor Relations
    John R. Exley III
    Direct: 678-368-4002
    E-mail: JRE@acornmanagementpartners.com