Next 1 Interactive Inc. Closes on the Acquisition of Resort & Residence TV Network and Changes the Name of Its Full Time TV Network Home & Away to Resort and Residence TV

FT. LAUDERDALE, FL--(Marketwire - August 17, 2009) - Next 1 Interactive Inc. (OTCBB: NXOI)
announced today it has completed the transaction of the purchase of the
full time TV programming Network, Resort and Residence TV (R&R) from
Colorado limited liability company, Televisual Media Works, LLC (TVMW).

The completion of the purchase of Resort & Residence TV included all
branding elements and interactive applications designed by TVMW. This
interactive technology allows consumers to use their TV remote control to
access programming, advertising, request information, and even make
purchases on demand. Of significant benefit to advertisers is the real
quantifiable data provided through the interactive on demand technology.

R&R is a known entity to satellite and cable operators having been
profitably distributed in over 17 million homes on EchoStar's Dish Network
and in various cable markets between 2005 and 2007. Resort & Residence
established relationships with multiple major advertising firms and the
network was one of the first full time cable/satellite networks to be
enhanced with interactive applications. Next 1 Interactive today
officially changes the name of its full time TV Network Home & Away Channel
to Resort & Residence.

"The interest by both advertisers and cable/satellite distributors in
Resort & Residence over the past 60 days puts Next 1 Interactive in a
position to become a leader in the digital media space with Resort and
Residence TV network enhanced with video on demand, interactive
applications and transactional web and mobile applications. The digital
media platforms leverage the company's assets in travel and real estate,"
stated Bill Kerby CEO and Vice Chairman of Next 1 Interactive Inc. "Next 1
Interactive is finalizing R&R's fall launch plan and is completing
agreements with sponsors and programmers," concluded Mr. Kerby.

"A successful programming network today has targeted content and, the
support of a vertical industry on multiple distribution platforms, enhanced
by interactive applications and video on demand. I believe that Next 1
Interactive has the right assets and relationships to leverage and grow the
base that Resort&Residence established. This is the right blending of
assets," stated Gary Turner Founder of Televisual Media Works.

Next 1 Interactive is the owner of Maupintour Extraordinary Vacations,
Cruise Shoppes, the Travel Magazine video Series and the full time Home &
Away Channel (formerly the Home Preview Channel). The company also owns
loop TV proprietary software that allows for the creation of TV quality
video from still images, sound and text.

About Next 1 Interactive Inc.

Next 1 Interactive Inc (Next 1) is an interactive media company
specializing in Digital Media with a focus on Travel and Real Estate. Next
1 utilizes its online and offline expertise to deliver targeted content via
digital platforms including broadcast. Cable, Satellite, Video on Demand
enhanced by interactive applications, terrestrial and internet radio
delivering a targeted media environment attractive to the consumers those
brands want to reach. Through integrated, interactive promotional offerings
and targeted marketing, our clients reach and engage the consumers who are
the best customers for their offers. In today's digital market Next 1
Interactive delivers value and a measurable return on investment to its
advertisers, sponsors and business partners.

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.

About Televisual Media Works LLC

Televisual Media Works, LLC (TVMW) is a privately held Denver-based media
organization formed in 2007, with interests in a comprehensive suite of
digital interactive television networks each targeting those specifically
defined demographics so highly sought after by advertisers and
distributors. TVMW boasts unsurpassed expertise in interactive programming
and optimized content development. Over a two year period the team deployed
over 200 interactive TV campaigns for leading national and global
advertisers, and with over 20 years of success and expertise in the
television advertising and content business, TVMW is the leader in
advanced, transactional media.