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Next 1 Secures Minority Interest in Real Biz Media
Posted February 6, 2012
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FORT LAUDERDALE, Fla., -- Next One Interactive, Inc. (OTCBB:NXOI), purchased a minority interest in its real estate partner RealBiz Media. The companies have agreed it is in their mutual best interest to turn operating loans into minority interest in Real Biz Media, as part of strengthening their ongoing relationship. Financial details were not disclosed.
The companies have been working together for the past 18 months to develop and roll out the Home Tour Network, Real Estate Video on Demand (VOD) Network. This real estate marketing technology platform is able to combine the power of the Internet and Television and provide a single automated marketing solution for real estate professionals. Thus far, Home Tour Network has launched in: San Diego; Los Angeles; Washington, DC; Hartford and Providence, with up to 1,100 residential home listings per city.
This one-of-a-kind real estate marketing solution is designed to provide substantial revenue from multiple sources including advertising revenue, listing revenue, imaging solutions and referral fees. The technology platform has been successful in creating media assets including pictures, virtual tours and videos to automatically syndicate and publish them to the largest real estate websites (e.g. Realtor.com, Trulia.com, etc.), social networking sites (e.g. Facebook, YouTube, etc.) and television.
Steve Marques - CEO of RealBiz Media stated, "Real Biz Media is encouraged by the foresight of Next 1 who understands that to be successful in the near future a media company will need to deliver video assets with consumer centric content onto multiple media platforms. Real Biz Media is uniquely positioned to leverage this reality because of its ability to move video assets to TV, Internet and in the near future Internet television. Real Biz Media will take full advantage of the coming media convergence and is already positioned for success currently with its ability to efficiently produce and publish video assets to the web and TV in an automated, high impact fashion. We look forward to continuing our relationship with Next 1 as we grow and expand our services into the future."
"After 18 months of working together we are pleased to strengthen our joint venture by way of ownership," says, Bill Kerby, CEO of Next 1 Interactive.
About Next One Interactive Inc.
Next 1 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.
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.
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