Next 1 Interactive, Inc.(OTCBB: NXOI) is moving forward systematically in building out its television network.
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. 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.
Security Details
Next 1 Interactive, Inc. is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, “NXOI”, and within the OTCQB market tier. As such, Business, operational and financial information on Next 1 Interactive, Inc. is fully transparent and available to public view.
Company Notes Formerly=Maximus Explorations Corp. until 10-2008
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Products & Services
Over the last several months, NXOI has reduced its efforts on the R&R TV Network and has instead focused on the Video on Demand platforms.
The 3 main divisions and their supporting platforms within the company are:
The R&R TV Network Travel Platforms including applications for Video on Demand (VOD) Real Estate Platforms including application for Video on Demand (VOD)
1. The R&R TV Network The best known of the divisions is the R&R TV Network. At its peak the Network reached a potential viewership base of close to 30 million households and carried significant programming content for both travel and leisure. The Company's goal from inception had been to grow the distribution of the R&R Network to a targeted 50 million households. Upon achieving this goal the network would:
1) Serve as a key driver for Video on Demand (VOD) and 2) Capture significant advertising revenue due to the reach.
Unfortunately, after several attempts to hit this 50 million household target, it became clear that for reasons ranging from a weak economy for advertisers in both the "travel and real estate" industries to the high costs of operations, the R&R TV Network was going to have to curtail its R&R Network operations or even suspend. The R&R Network operations Company after reviewing several options late last quarter, we curtailed our distribution platform and began negotiations for alternative costing structures and distribution. As of today, we have significantly reduced our operational costs of the network from roughly $850,000 per month to roughly $75,000per month. We have continued negotiations with multiple parties in the travel, real estate and media industries and believe that we will again be able to expand this platform in the near future BUT will only do so in conjunction with sponsorship and advertising support. While the R&R Network was the most visible division of the Company, clearly it was also the most expensive to operate and had the longest timelines to positive cash flow. While we would like to revisit network growth in the future, it is my belief that the Company's greatest opportunities remain in the "interactive and VOD platforms" as they afford us multiple revenue streams (advertising, commissions and referral fees on real estate and travel) and the ability to achieve positive cash flow sooner. It is in these areas that we will continue to focus the bulk of our efforts.
2. Travel Platforms including applications for Video on Demand (VOD) During the last quarter the Company focused its travel efforts on two key programs. These include the development and continuing refinement of our R&R Travel Advantage program and a supporting beta test platform for Travel VOD with a major cable operator. The R&R Travel Advantage program was derived from the Company's ability to accept discounted vacation products, such as resort stays and cruises, in exchange for advertising time on its TV and Video on Demand platforms. Membership is $495 and includes a choice of a 4 day cruise or a 7 day luxury resort stay for two people. Company shareholders can become members for $149by going to www.rrtvadvantage.com and entering the promo code - "owner".
To date, we have announced two outside groups that have decided to utilize some of our travel certificates and product offerings. Additionally, there are several groups with whom we are having ongoing negotiations for this program to be a direct to consumer/loyalty and/or an incentive program. The costing structure of this program has largely been absorbed and it is our hope that we will develop a number of new partnerships and be able to acquire a significant distribution platform for these specialty priced vacation products over the next quarter.
3. Real Estate Platforms including applications for Video on Demand (VOD) One of our major initiatives for the last two years has been the rollout of a National Real Estate Program on VOD, Web and Mobile platforms. To this end, we have developed and introduced a new technology product, which we are marketing to the real estate industry under the name of "Home Preview Channel" in conjunction with its real estate partner - RealBiz Media. The product was officially unveiled in November 2010 at the national conference for real estate professionals, in New Orleans. The product is designed to sit on a real estate agent's computer screen giving them the option to convert their clients home listing to a video and instantly be displayed on over a dozen real estate websites as well as on the real estate VOD section of television in their market for a 30 day period – all for less than the price of most weekend newspaper ads. The response from the real estate industry has remained extraordinary and the consensus remains that the "Home Preview Channel" platform is by far the most innovative and cost effective marketing program available to the real estate industry.
We are working with several major players in the industry to begin new beta testing of a somewhat modified Home Preview Channel platform. Previous testing caused us to rethink our model and the costing structure of our distribution platforms. One major concern has been the need of the cable industry to complete the implementation of interactive and "request for information" (RFI) capabilities. With the fast advance of broadband, mobile and web television, the cable industry has aggressively started to push towards interactive solutions for television, but at present only a minority of the television distribution is capable of providing any meaningful interactive services. While we believe the platform has the potential to position us as an industry leader, it has come with a significant financial investment. Our goal is to continue to work with our partner RealBiz Media in efforts to introduce our VOD platform with RFI capabilities in most of the major cities in theUSA prior to the end of the year. Clearly, this will have to be a staged rollout, but we are targeting a 5 to 10 city beta test of our platform late summer.
I believe Next One's investment in the Real Estate Video on Demand program has properly positioned the company for future growth that has the potential to quickly outstrip all other divisions. Once operating, target groups will include national and regional realtors, bankers, and mortgage brokers as well as a number of supporting service groups. Additionally, once the VOD real estate network is established, there is an immense opportunity to use this platform to capture some of the trillions of dollars of foreclosed real estate properties currently held in the US banking system that must be liquidated.
Friday, August 19, 2011 NEXT 1 INTERACTIVE, INC. Files SEC form 8-K, Termination of a Material Definitive Agreement, Creation of a Direct Fin EDGAR Online (Fri, Aug 19)
Tuesday, August 9, 2011 NEXT 1 INTERACTIVE, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits EDGAR Online (Tue, Aug 9)
Wednesday, August 3, 2011 Webcast Teleconference Announcement for NXOI Shareholder Update on Monday: August 8th, 2011, 11:00am EDT Marketwire (Wed, Aug 3)
Saturday, July 23, 2011 NEXT 1 INTERACTIVE, INC. Financials EDGAR Online Financials (Sat, Jul 23)
While the last year has been a very painful process for our directors, employees and shareholders, please know that we have been working diligently to reassess the business model and adapt it to the current economic environment. To this end, we have:
Reduced our monthly operating costs from roughly $1.3 million per month to $200,000 per month. We have either eliminated or changed our programs with our major partners from a minimum monthly guaranteed payment in favor of a model that is primarily driven by a revenue share. We have developed significant partners and unique platforms in both the travel and real estate arenas. I believe the implementation of these projects will finally occur during this quarter and the multiple revenue streams we have hoped for over the past few years will become evident reality.
There is no doubt that an additional financing will be needed to fully implement our programs. However, the reduction in operating costs by over $1 million per month combined with the significant potential of new contracts in both the real estate and travel arenas should greatly reduce the amount needed to allow us to execute the business model.
My hope is, this outline helps in a better understanding of our current VOD and Network positioning.
We certainly appreciate our shareholders continued support in turbulent times and will continue to work diligently towards growing our strategic relationships and technology in real estate, travel and media properties.
Sincerely, Bill Kerby Vice Chairman & CEO
Management
The management team includes professionals from the travel industry, the broadcast and cable television industries (aka “video”), Internet advertising development and sales, interactive television (e.g., video-on-demand), radio broadcasting, computer programming and platform development. This unique combination of skill sets assembled by Next One represents a major competitive advantage in the pursuit of Company objectives. Next One has effectively created a dynamic team providing comprehensive marketing services which combine the best of old media with cutting edge new media to the benefit of the company’s clients and advertisers.
Bill Kerby Chairman & Chief Executive Officer Founder of Next One Interactive Chairman, CEO and Founder of Extraordinary Vacations Entrepreneur and CEO with 18 years in Media & Travel Industry/10 years in financial industry Founder of TravelByUs - 21 Travel acquisitions and NASDAQ small cap Founder of Leisure Canada - 210 Agencies, international tour operations and magazines Owner Thrifty Car Rental British Columbia
William E. La Macchia Director Chairman and Founder of La Macchia Enterprises La Macchia Enterprises (LME) founded in 1974, is the holding company of The Mark Travel Corporation and Trisept Solutions Mark Travel owns and manages: Funjet Vacations ,Blue Sky Tours, MGM Resorts Vacations, Southwest Airlines Vacations, Mark International, and Funway Holidays UK Trisept Solutions is the premier provider of travel distribution technology for airlines, hotels, tour operators and travel agencies National Tourism Foundation Hall of Fame Recipient 2004
Warren Kettlewell Director President and CEO Cardar Investments, a privately owned investment company involved in real estate development and with several significant U.S. venture capital firms Major shareholder and advisor to Cango Petroleum, a mid-to large chain of retail gas stations in Canada Commenced business career in manufacturing building one of Canada’s major plastic food grade packaging companies (Innopac) with 20 plants throughout Canada and the United States Involved with Next One Interactive, Inc. since early 2006
Adam Friedman Chief Financial Officer Over 25 Years of Experience in Accounting & Finance, Human Resources, SEC reporting, Planning, Budgeting, M&A, Equity Raising and Operations Television industry experience working for NBC and Telemundo Experience in Print Media , Public Accounting, Healthcare, and Marketing Academic degrees include BSM Accounting and MBA in Management
Derek Reisfield Interim President of R&R TV Network Chairman of BBN Network President of CBS Digital Media Division Vice President of CBS Business Development Co-Founder & Chairman of MarketWatch Executive Vice President and CFO of Fliptrack, Inc.
Steve Marques President of Real Estate President and Chief Operations Officer of RealBiz Media Inc. Vice President of Global Sales Iseemedia Vice President of Marketing Omnigon a San Diego based Bio-tech Company Management & Sales Experience in both Computer and Internet media
Contact Info
Next One Interactive, Inc. 2690 Weston Road Suite 200 Weston, FL 33331 Phone: 954.888.9779 Fax: 954.888.9082 Email: investorrelations@nxoi.com Email: webmaster@nxoi.com Website: http://www.nxoi.com
Penny stocks are very volatile, Always do your own Due Diligence.
22.08.2011 (275 Days Ago)
The R&R TV Network 
Founder of Next One Interactive 
Penny stocks are very volatile, Always do your own Due Diligence. 
