Real Estate Video On Demand Network Successfully Launched and Now Expanded to Three Additional Cities

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.

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