FORT LAUDERDALE, Fla., Sept. 14, 2010 (GLOBE NEWSWIRE) -- Next One Interactive, Inc. (OTCBB:NXOI) announced the closing of a strategic investment and partnership with MUNCmedia, a leading global information network and #1 in Retail Investor Targeting.
Under the terms of the agreement, Next One will utilize MUNCmedia's exclusive, targeted content delivery capabilities within the Travel arena. Additionally, MUNCmedia invests in NXOI, by way of a private placement, at $1.00 per share with an additional 1 million warrants attached, each exercisable at $1.00, vesting over the next two years.
"Directly connecting premier destination travelers with an abundance of trustworthy content and knowledge has been the holy grail for both the traveler and the online travel industry," said Bill Kerby, CEO and Vice Chairman of Next One Interactive Inc. "MUNCmedia's expertise in both increasing our audience reach and delivering highly targeted communications will enhance our premier brands, such as Maupintour vacation products. In short, the MUNCmedia partnership provides us with the ability to offer customers the right travel product at the right time," concludes Kerby.
"Our 2010 strategic growth and innovation advances have opened many new doors for us, far beyond our flagship financial communications footprint," stated Matt Bird, CEO and President of MUNCmedia. "The opportunity to integrate our technology with Next One's online assets is expected to propel both of our companies' growth. The cultural and work ethic of our two firms is a perfect match," concluded Bird.
About Next One Interactive Inc.
Next One Interactive Inc. (NXOI) is a multi-faceted media company, specializing in Travel and Real Estate. Next One delivers targeted content via digital platforms, including Satellite, Cable, Broadcast, Broadband, and mobile. Along with the full-time R&R TV network, the company delivers its content and sponsors' messages on Video on Demand outlets, enhanced by interactive applications. The company also provides content in customized print publications. In today's digital market, Next One Interactive delivers both targeted information and entertainment to consumers. The company has created multiple revenue streams, including transactional commissions, referral fees, branded content, advertising, and sponsorship. The multiple revenue streams, delivered on integrated media platforms, allow for measurable return on investment to its advertisers, sponsors and business partners. For more information, please visit
About MUNCmedia: Market Update Network Corporation
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MUNCmedia is the first Information Media Network and world leader in web-based Retail Investor Targeting solutions. We provide online corporate communications, research and media solutions to companies worldwide.
From targeting press releases one-to-one to individual investors to corporate video PR content, MUNCmedia helps companies deliver targeted and scalable messages to the precise audience in real-time. Hundreds of companies, IR and PR agencies, stock exchanges and integrated newswires rely on MUNCmedia services to deliver news messages to the retail financial community every day with measurable results.
MUNCmedia was founded in 2006 and is headquartered in New York City with regional offices in Bellevue, WA and Boston. We currently service over 300 direct public company issuers, 40 IR agency partners and have a fully integrated partnership with GlobeNewswire, a NASDAQ OMX Company.
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 plans, 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 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: MUNCmedia Bradley H. Smith +1 917 680 6011 Bradley.smith@muncmedia.com Acorn Management Partners John R. Exley, III 678-368-4002 Jre@AcornManagementPartners.com NXOI.Acornmanagementpartners.com