Real Estate Video On Demand Network Begins Testing to Go Live
http://finance.yahoo.com/news/Real-Estate-Video-On-Demand-iw-3944024721.html?x=0
FORT LAUDERDALE, FL--(Marketwire -09/19/11)- Next 1 Interactive, Inc. (OTC.BB: NXOI.OB - News) announces today, that in addition to the 9/26/11 re-launch of our RRTV Network, the 24 hour Travel & Home Network distributed via Satellite, Next 1 in combination with RealBiz Media, is scheduled to launch Home Tour Network Video On Demand (VOD) distribution on Cable starting October 3, 2011.
Home Tour Network VOD is similar in technology to the widely known On Demand Movie feature, available on most Cable platforms. However, instead of full length movies, consumers will be able to view 15-20 second videos featuring the inside & outside views of homes for sale in the local area from the comfort of their home, via their Cable TV provider.
In preparation of going live with its Home Tour Network VOD Platform, RealBiz Media has begun processing and ingesting Real Estate listing videos for Los Angeles and Washington, D.C. The technical testing will take approximately two weeks and we anticipate going live in these two markets on October 3rd, 2011.
The Company's initial financial model includes approximately 1,000 residential listings in each city, with a $35 and up per month cost to Realtors determined based upon the demand and availability in each individual city available on the Cable platform, for showcasing 15-20 second property listing videos.
The Company anticipates the majority of video listing slots to be purchased by large Real Estate companies. However, any remaining video listing inventory available will be filled with home listings by working with local real estate brokers. The remaining listings will entitle the company to additional revenue such as referral fees and commissions on sales of properties viewed and purchased through the Home Tour Network VOD.
The Company plans to roll out an additional 3 cities during the month of October and will ultimately target 100 cities by the end of 2012.
"It's gratifying to see the start of revenue on this program after years of work and investment," says Bill Kerby, CEO of Next 1 Interactive.
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.
NXOI Corporate HeadquartersNext 1 Interactive, Inc.Direct: 954-888-9779Email Contact
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