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Next One Interactive, Inc. announced the closing of a strategic investment and partnership with recognized global travel industry leader La Macchia Enterprises (LME) and its subsidiary, The Mark Travel Corporation.
Under the terms of the agreement, Mr. William E. La Macchia, Chairman and Founder of La Macchia Enterprises, will join the NXOI Board of Directors and assume a leadership role in the company’s direction within the Travel arena. This also includes access to La Macchia Enterprises’ significant industry reach, travel booking solutions and advertising opportunities with key suppliers. Furthermore, Mr. La Macchia has invested in NXOI by way of a private placement at $1.00 per share with 2 warrants attached, each exercisable at $1.00 over the next three years. Additionally, The Mark Travel Corporation has made a line of credit available to NXOI, which will be convertible into common stock at $1.00 per share over the next three years.
“The strategic investment and partnership with La Macchia Enterprises is a perfect fit for Next One Interactive, because Mark Travel offerings will be integrated across NXOI media and drive incremental revenues. Our flagship property, R&R TV, is a full-time television network supported by ‘video on demand’ and enhanced TV applications including broadband and web, focused on vacation travel, real estate and resort ownership with a reach of over 40 million households,” stated Mr. Bill Kerby, CEO and Vice Chairman of Next One Interactive Inc.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
