WhereDaily News: Next 1 Interactive, Inc. Reaches Agreement With First Secured Creditor

FORT LAUDERDALE, FL--(Marketwired - Feb 25, 2014) - Next 1 Interactive, Inc., (OTCQB: NXOI) (OTCBB: NXOI) has announced that it has reached terms with its first secured creditor representing a debt of $6 million dollars. Key elements of the agreement include extending the debt upwards of two years, putting a $0.50 conversion price of the debt, and allowing the company to force a conversion if it achieves profitability in any quarter, and/or, if the company achieves a market price of $1.50. This agreement is crucial in allowing the company to begin plans for rearranging travel programs as well as utilizing its relationship and share ownership with RealBiz Media Group, Inc. Preferred A shares. This will accelerate travel opportunities and engage RealBiz technology platforms that can be applied to the travel industry.

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