August 25, 2011 08:30 ET
Next 1's TV Network to Re-Launch With Upgraded Programming & Sponsors
FORT LAUDERDALE, FL--(Marketwire - Aug 25, 2011) - Next One Interactive, Inc. (OTCBB: NXOI) announced today that, after many months of negotiations, it plans to resume broadcasting of its television network in the last half of September, via satellite on Channel 321 and via broadband on RRTV.com, as part of recently executed agreements. The network will feature a fresh line-up of programs showcasing vacation resorts, real estate, travel, boating, water sports, and recreational and leisure activities. In addition to the new programming line-up, the Company has worked on key sponsorship and advertising commitment agreements which currently total over $4.5 million in the first year to cover operational costs.
"With the new programming, operations, sponsorship and advertising commitments largely in place, I believe we can re-launch the network knowing virtually all the network operating costs are covered and additional daily timeslots are still available to further promote and capture additional revenue opportunities in the travel and real estate arenas," says CEO, William Kerby.
By late fall, viewers can look forward to a significantly enhanced line-up of new programming along with "Specialty Programming" such as Travel and Real Estate Auctions. Additionally, the network will also be able to promote its Video on Demand (VOD) platforms.
About Next One Interactive, Inc.
Next One 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.
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