$NXOI Breaking News! New Real Estate Video On Dema
$NXOI Breaking News! New Real Estate Video On Demand Network Successfully Launched and Now Expanded to Three Additional Cities
FORT LAUDERDALE, FL--(Marketwire -10/06/11)- Next 1 Interactive, Inc.(OTC.BB: NXOI.OB - News), is pleased to announce today, that Next 1 incombination with its partner RealBiz Media, completed a flawless testingperiod of its "Home Tour Network" Video On Demand (VOD) platform in LosAngeles and Washington, D.C. The technical test launch passed withflying colors, resulting in 100% of the submitted local home listingvideos and advertisements playing error free, on the Cable TV platform.
Passing the test phase with 100% success has allowed the Company toaccelerate its intended path to roll out and has now gone live in threeadditional 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, asit works towards its ultimate goal of 100 cities nationwide by the endof 2012.
The Company is also pleased that the revenue modelhas gone into effect. As a result of passing this critical stage, theinitial costing structure for showcasing 15-20 second property listingvideo 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 eachcity. Our technology allows real estate brokers to automatically create15-20 second home listing videos from their desktop on the fly. With amaximum of 1,000 listings per city, this platform should providerealtors who are early adopters a unique and affordable marketingadvantage to showcase their property listings.
Furthermore,in addition to listing fees, the company will capture additional revenuefrom pre-roll and mid-roll advertising from real estate professionalsand those industries interested in reaching consumers at or near theirtime of home transition.
"Based on our extensive experiencecreating visual marketing assets for real estate professionals over thelast five years, it was obvious to us that the industry needs a newmedium to reach consumers more efficiently and cost effectively. We arevery confident that our vast business relationships in the trade willhelp us accelerate the adoption rate of this new and exciting mediachannel" says, Steve Marques, CEO of Home Tour Network VOD.
About Next 1 Interactive, Inc.
Next One Interactive, Inc. (NXOI) is a multi faceted media companyspecializing in Travel and Real Estate. Next 1 plans the delivery oftargeted content via multiple digital platforms including Satellite,Cable, Broadcast, Broadband and mobile. In today's digital market NextOne Interactive delivers information and entertainment to consumers. Thecompany business plan calls for multiple revenue streams from realestate and travel content delivery including transactional commissions,referral fees, advertising and sponsorship. The multiple revenue streamsand integrated media platforms allow for the delivery of measurablereturn 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 contentdelivery for the Real Estate Industry. RealBiz Media is focused onproviding both integrated and interactive solutions for the seamlesscreation of High Resolution Media tours and videos for web and wireless.This technology allows automatic distribution to FranchiseCorporations, MLS Associations and Search Engines like YouTube, SocialNetworks and TV. RealBiz Media's rich media content is supported bytheir (IPG) Image Processing Group delivering patented imagingtechnologies that are now being deployed in over 20 million digitalcameras and mobile devices. RealBiz360 continues to add to itsoutstanding reputation as a technology leader in advanced imaging andcontent delivery and now has offices in Phoenix, AZ; Toronto, Canada andBaia Mare, Romania. For more information visit
www.realbiz360.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined by thePrivate Securities Litigation Reform Act of 1995. Forward-lookingstatements include statements concerning plan, objectives, goals,strategies, future events or performance, and underlying assumptions andother statements that are other than statements of historical facts.These statements are subject to uncertainties and risks including, butnot limited to, product and service demand and acceptance, changes intechnology, economic conditions, the impact of competition and pricing,government regulation, and other risks described in statements filedfrom time to time with the Securities and Exchange Commission. All suchforward-looking statements whether written or oral, and whether made byor on behalf of the Company, are expressly qualified by the cautionarystatements that may accompany the forward-looking statements. Inaddition, the Company disclaims any obligation to update anyforward-looking statements to reflect events or circumstances after thedate hereof.
Contact:
NXOI Corporate Headquarters
Next 1 Interactive, Inc.
Direct: 954-888-9779
Email Contact
https://finance.yahoo.com/news/Real-Estate-Video-On-Demand-iw-4036273028.html?x=0