SOURCE: Next 1 Interactive, Inc.

April 27, 2009 12:19 ET

Next 1 Interactive Inc. Announces Plans to Re-Brand TV Network

FT. LAUDERDALE, FL--(Marketwire - April 27, 2009) - Next 1 Interactive Inc. (OTCBB: NXOI) today announced plans to re-brand its recently acquired Home Preview Channel Network as the "Home and Away Channel" in June 2009 along with a new line up of programming for both travel and home life enthusiasts.

The Home Preview Channel (HPC) was the first real estate listings channel and has operated for over a decade televising real estate listings into local markets on a linear24/7 network. HPC is currently being distributed into 1.6 million households by Comcast (the nation's largest cable operator).

The re-launch of HPC as the Home and Away Channel will allow Next 1 to draw on its core competencies in both travel and real estate. Advertising statistics support the company's directional change showing that consumers remain deeply passionate and willing to spend on their homes and vacations. Next 1 has years of experience in both the travel and real estate arenas. The company will support the new programming on Home and Away Channel with its video centric travel site and a planned introduction of a homes/lifestyle website. The Company believes the new programming mix will allow for significant expansion of the network and is planning to increase its distribution from the current 1.6 million households to over 9 million households by year end. In addition to operating the full time Home and Away Network, Next 1 management has been exploring further expansion opportunities for its network through both "Video on Demand" and "Interactive Television" solutions. As the internet, television and mobile markets continue to converge significant opportunities are available for first movers with targeted offerings.

Bill Kerby, Vice Chairman and CEO, states, "Our company objective is to capitalize on the convergence of the Internet and Television by using the opportunity to create a 'National Television Footprint' in both the Travel and Real Estate markets. The launch of the Home and Away Network provides a unique media platform to market our clients' products and services, the programming mix will enable us to increase penetration into specific marketplaces. The network will be further enhanced through cross promotion on our websites, radio and print media assets. The launching of Home and Away Channel is a key first step to achieving our goal."

About Next 1 Interactive Inc.

Next 1 Interactive Inc. (Next 1) is an interactive media company specializing in Digital Media with a focus on Travel and Lifestyle. Next 1 utilizes its online and offline expertise to deliver targeted content via digital platforms including broadcast and interactive television, terrestrial and internet radio, broadband and on-demand video delivering the consumers that brands want to reach. Through integrated, interactive promotional offerings and targeted marketing, our clients reach and engage the consumers who are the best customers for their offers. In today's digital market Next 1 Interactive delivers value and a measurable return on investment to its advertisers, sponsors and business partners.

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.

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