Next One Interactive Gets $15 Million from Lincoln Park Capital Fund

FT. LAUDERDALE - Next One Interactive, a provider of digital media services for the travel and real estate industry,  announced today that it signed an equity purchase agreement for up to $15 million with Lincoln Park Capital Fund, a Chicago-based institutional investor.

"We are pleased to have partnered with LPC on this purchase agreement due to the successes that LPC has had with growing other companies by infusing their experience along with their capital. We anticipate they will help us as well by funding our business on favorable terms which we believe will benefit all of our shareholders," said William Kerby, Vice-Chairman & CEO of Next One Interactive, Inc. The proceeds of the financing will be used for the further development of the R&RTV Network and the Travel and Real Estate Video on Demand platforms. Any additional funds will be used to improve other lines of business and to make acquisitions of companies in the same sector.

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.