FORT LAUDERDALE, FL--(Marketwire -10/06/11)- Next 1 Interactive, Inc. (OTC.BB: NXOI.OB - News), is pleased to announce today, that Next 1 in combination with its partner RealBiz Media, completed a flawless testing period of its "Home Tour Network" Video On Demand (VOD) platform in Los Angeles and Washington, D.C. The technical test launch passed with flying colors, resulting in 100% of the submitted local home listing videos and advertisements playing error free, on the Cable TV platform.
Passing the test phase with 100% success has allowed the Company to accelerate its intended path to roll out and has now gone live in three additional cities -- Hartford, Providence, Rhode Island and San Diego -- bringing the total cities operating in the Home Tour Network to five. The company is targeting Las Vegas and Phoenix in the coming months, as it works towards its ultimate goal of 100 cities nationwide by the end of 2012.
The Company is also pleased that the revenue model has gone into effect. As a result of passing this critical stage, the initial costing structure for showcasing 15-20 second property listing video on the Home Tour Network will be between $40 and $50 per month. The costing structure is based upon the Cable VOD market reach in each city. Our technology allows real estate brokers to automatically create 15-20 second home listing videos from their desktop on the fly. With a maximum of 1,000 listings per city, this platform should provide realtors who are early adopters a unique and affordable marketing advantage to showcase their property listings.
Furthermore, in addition to listing fees, the company will capture additional revenue from pre-roll and mid-roll advertising from real estate professionals and those industries interested in reaching consumers at or near their time of home transition.
"Based on our extensive experience creating visual marketing assets for real estate professionals over the last five years, it was obvious to us that the industry needs a new medium to reach consumers more efficiently and cost effectively. We are very confident that our vast business relationships in the trade will help us accelerate the adoption rate of this new and exciting media channel" says, Steve Marques, CEO of Home Tour Network VOD.
About Next 1 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 One Interactive 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.
About RealBiz Media
RealBiz Media, Phoenix, Arizona, is the leading provider of rich media and image content delivery for the Real Estate Industry. RealBiz Media is focused on providing both integrated and interactive solutions for the seamless creation of High Resolution Media tours and videos for web and wireless. This technology allows automatic distribution to Franchise Corporations, MLS Associations and Search Engines like YouTube, Social Networks and TV. RealBiz Media's rich media content is supported by their (IPG) Image Processing Group delivering patented imaging technologies that are now being deployed in over 20 million digital cameras and mobile devices. RealBiz360 continues to add to its outstanding reputation as a technology leader in advanced imaging and content delivery and now has offices in Phoenix, AZ; Toronto, Canada and Baia Mare, Romania. For more information visit www.realbiz360.com.
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.