SOURCE: Next 1 Interactive Inc.

March 02, 2010 12:38 ET

Next One Interactive Inc. Announces Agreement to Fully Fund Resort & Residence TV Network Expansion

FORT LAUDERDALE, FL--(Marketwire - March 2, 2010) -  Next One Interactive Inc (OTCBB: NXOI) is pleased to announce that their Board of Directors has agreed to make available the necessary capital required to allow management to aggressively expand the Resort and Residence Linear Network, as well as its planned Interactive and Video on Demand solutions. Terms of the operating loan include the issuance of warrants to purchase common stock of the company at $1.00 per share for a 3 year period.

About Next One Interactive Inc.

Resort & Residence Television Network is a 24/7 programming network that currently reaches 21 million households. It is wholly owned by Next One Interactive Inc. (OTCBB: NXOI) The Company is a multi-faceted media company specializing in Travel and Real Estate. Next One delivers targeted content via digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. Along with the full time Resort & Residence TV network, the company has expansion plans to deliver its content and sponsors' messages on Video-on-Demand outlets enhanced by interactive applications as well as terrestrial and internet radio and in customized print publications. In today's digital market, Next 1 Interactive platforms are designed to deliver information and entertainment to consumers while capitalizing on 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.

For additional information please visit the company's website at: www.nxoi.com or contact our investor relations firm Acorn Management Partners LLC.

About Acorn Management Partners LLC.

Acorn Management Partners LLC is a leading independent investor relations firm, specializing in shareholder relationships while offering a full range of advisory and operational support to domestic and international companies. Our team of experts are dedicated to building relationships for our corporate clients in the global capital markets giving management the freedom to focus on their strengths and core activities. AMP has offices in Atlanta, Georgia, New York, NY and London, UK. 

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

  • Investor and Media Contactinformation:

    John R. Exley, III
    Acorn Management Partners LLC
    Phone - Direct: 678-368-4002
    Email -JRE@acornmanagementpartners.com