Next One Interactive: Next 1 Exchanges R&RTV Assets for a Minority Stake in Launch 360 Network

FORT LAUDERDALE, Fla., May 12, 2015 /PRNewswire/ -- Next 1 Interactive, Inc. (OTCQB: NXOI) announced today that it has agreed to sell its assets in the R&R Television Network to Launch 360 Media, Inc. in exchange for a 10% minority interest in Launch 360 Media, Inc., with the remaining 90% retained and owned by Cherokee Black Entertainment, Inc. Additionally Next 1 will receive the rights to limited daily advertising time to promote its Travel, Real Estate and Employment platforms to Launch 360's viewing audience. read more