FORT LAUDERDALE, Fla., March 29, 2012 /PRNewswire/ -- Next 1 Interactive, Inc., (OTCBB: NXOI) ("Next 1") announced today that it has entered into an agreement with "Foreclosure 2 Fabulous," a new home improvement TV reality show that focuses on purchasing and renovating foreclosures, on a budget.
The "Foreclosure 2 Fabulous" series is scheduled to launch in July of this year and will broadcast to approximately 140 million households throughout the United States. The reality show will explain how the average person can own and enjoy their own little piece of paradise, by taking viewers through the process of buying, renovating and refurnishing foreclosed properties, as the economy recovers. The series will initially focus on one of the hardest hit foreclosure states - Florida, advising viewers of the opportunity to source and purchase a second "winter vacation" property at deep discounts compared to prices from just a few years ago.
As part of the agreement, Next 1 Realty (a subsidiary of Next 1 Interactive) has been named the real estate agent of record and will be handling all leads for real estate & foreclosure transactions and/or referrals coming from "Foreclosure 2 Fabulous" television airings. To help promote awareness of the opportunity, Next 1 Realty will also receive 2 minutes of commercial time, per airing, allotted to promoting selective real estate listing opportunities. Additionally, viewers will be able to access a comprehensive list of home inventory through a customized section of its website dedicated to providing an inventory of real estate video listings. All video listings will be done in conjunction with Next 1's partner, Realbiz Media, helping to promoted "Foreclosure 2 Fabulous" properties along with other homes available.
Furthermore, Next 1 Interactive has also been granted the right to handle additional distribution, exclusively to European markets, as part of its planned program to target European vacationers and inform them of the potential benefits of purchasing a second vacation home abroad.
"Foreclosure 2 Fabulous provides a synergistic approach to our planned venture of promoting foreclosures, as vacation homes, to both the U.S. and European markets. Foreclosure 2 Fabulous provides the entertainment value desired by viewers that can cause the necessary interest in real estate transactions. The possibilities continue to expand as Next 1 Realty advances in exposing video on demand to viewers in unique ways," says Bill Kerby, CEO of Next 1 Interactive.
About Foreclosure 2 Fabulous.
Foreclosure 2 Fabulous is a home improvement reality show that focuses on the buying, renovating and refurnishing of foreclosed vacation properties on a budget. The first season will feature thirteen episodes, each running sixty minutes. The first episode has already been produced and the 12 remaining episodes are in full production as of February 2012. The show's host is Patrick Colville, a carpenter from Western New York. His supporting cast consists of his wife Jane, brother John and long time friends Chris and Holly Forshee. Jane and John have a history in the construction business while Chris and Holly have maintained factory jobs for most of their lives. Collectively this group will help participants of the show with buying, renovating and refurnishing foreclosed vacation properties. They will show participants how they can own and enjoy their own little piece of paradise. All the construction is done within a five day period, the majority of it done by Pat himself. The appliances and furnishings are either donated or purchased from consignment stores. Articles and a show teaser can be found at www.foreclosure2fabulous.com.
About Next 1 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.
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.
Contact:
Next 1 Interactive, Inc.
Direct: 954-888-9779
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SOURCE Next 1 Interactive, Inc.
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