Next One Interactive (OTCBB: NXOI), an interactive media company specializing in Digital Media with a focus on Travel and Real Estate, provided an update last week regarding its Resort and Residence Network which has completed its second week on the air, with the initial launch in over 21 million households, available on satellite and cable. By the end of the 2010 first quarter, the network will be distributed to 40 million subscribers with programming that explores the world's best vacation destinations, resorts, entertainment and activities around the world, in addition to a real estate lineup that features luxury homes with a connection to the related real estate broker, along with programming that includes home decor, landscape architecture, green living, antique collecting and home improvement projects. In 2010, the network will offer full interactive applications so that viewers will be able to request information, enter promotions and sweepstakes and book vacation travel with just the click of the remote control. In other news last week, the company announced that it has appointed two new executives, Tom Armstrong as Vice President of Advertising Sales and Wendy Borow Johnson as President,to its subsidiary Resort and Residence TV. Ms. Borow Johnson is a veteran in the field of electronic media, having served in key positions in the launch of several targeted lifestyle transactional television networks, including Healthy Living Channel, Beauty and Fashion Network, Brands Shopping Network and the Recovery TV Network. She is also a pioneer in interactive television having served as VP of Marketing for Source Media and launched the first two way digital cable systems in addition to her time as SVP of Turner Media Group where the networks deployed over 200 interactive programming and advertising campaigns. Mr. Armstrong has over 20 years of experience in the travel industry, having worked with several of the most notable travel companies in the world, including experience in the sale of travel related advertising mediums. Shares lost eight cents on the week to close at $1.11.
