SOURCE: Next 1 Interactive Inc.

March 17, 2011 11:15 ET

NXOI Closed $1.73M in Private Placements & Debt Conversions

FORT LAUDERDALE, FL--(Marketwire - March 17, 2011) - Next One Interactive, Inc. (OTCBB: NXOI), announces the Company has closed $1.73M in private placements, including debt conversions of $825,000. The terms in units of Next One Interactive Common Stock are comprised of one (1) share of Common Stock @ .20 cents per share and two (2) warrants, exercisable at .25 cents per share, with each warrant allowing the purchase of (1) additional share of Common Stock. 

This financing is a first key step in allowing the company to move forward on a number of its Real Estate, Travel and Life Style initiatives.

About Next One Interactive Inc.
Next One Interactive Inc. (NXOI) 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 R&R 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 One 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.

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