UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 22, 2015

 

Monaker Group, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   000-52669   26-3509845 

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

2690 Weston Road, Suite 200

Weston, FL 33331

(Address of Principal Executive Offices)

 

(954) 888-9779

Registrant’s telephone number, including area code

 

Next 1 Interactive, Inc.

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On June 22, 2015, Next 1 Interactive, Inc. (the “Company”) filed an Amendment to its Articles of Incorporation (the “Amendment”) to change the name of the Company to Monaker Group, Inc. and effect a 1-for-50 reverse stock split which was effected on June 25, 2015.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit
Number 		Description

 

3.1 Amendment to the Articles of Incorporation

 

99.1 Press Release dated June 25, 2015

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NEXT 1 INTERACTIVE, INC.  
       
       
Date: June 26, 2015 By: /s/ William Kerby  
    William Kerby  
    Chief Executive Officer  

 

 
 

 

 

Exhibit 3.1

 

 

 
 

 

 

 
 

 

 

Exhibit 99.1

 

Next 1 Interactive, Inc. Announces Name Change and Restructuring to Become Monaker Group, Inc

 

 

(Weston, FL: NXOID) Next 1 announced today that it has completed its name change and structuring to become Monaker Group, Inc. (“Monaker”). This is one of the final steps towards beginning expanded growth. For the next twenty one days the company will trade under the stock symbol NXOID signifying that there has been a 50 for 1 share exchange, thereafter the trading symbol will be MKGI.

 

Monaker has emerged as a digital media marketing company focusing on lifestyle enrichment for consumers in the travel, home and employment sectors. At the core of its marketing services are key elements including proprietary video-centered technology and established partnerships currently being leveraged to enhance reach.

 

Video is quickly becoming consumer’s preferred method of searching and educating themselves prior to purchases. Monaker’s video creation technology and film libraries combine to create lifestyle video offerings that can be shared through trusted distribution systems of its major partners.  The end result is better engagement with consumers who gain in-depth information on related products and services helping to both inform and fulfill purchases.  Unlike traditional marketing companies that simply charge for advertising creation, Monaker holds licenses and/or expertise in the travel, real estate and employment sectors allowing it to capture fees at the point of purchase while the majority of transactions are handled by Monaker’s partners. This should allow the company to capture greater revenues while eliminating much of the typical overhead associated with fulfillment.

 

Monaker has core holdings in each of its key areas:

 

· Travel - Maupintour Extraordinary Vacations, NextTrip.com, Stingy Travel and Voyage.TV

 

· Home – www.HomeAndAwayClub.com and 35% ownership of RealBiz Media Group, Inc. (OTCQB: RBIZ)

 

· Employment – 51% ownership in www.NameYourFee.com

 

Additionally, the company is continually expanding strategic partnerships and is already working with some of the largest partners in their respective industries including:

 

- I.C.E., Inc. (key membership rewards company with 55 million members, handling loyalty fulfillment for several Fortune 500 companies)

 

- Jasper Group, Inc. (employment specialist with over 6000 recruiting partners)

 

- Launch 360 Media, Inc. (operates R&R Television Network into 34 million North American Homes)

 

 
 

 

The Company expects product and revenue growth through its partner’s customer base utilizing its digital platforms and by developing specialized mobile apps for both the travel and employment sectors. Monaker will also utilize its reach through R&R TV (with currently 34 million households in their network) to heighten awareness of current and new offerings. Monaker Group – through its ownership in Maupintour, NameYourFee.com and RealBiz Media Group, Inc. will assist consumers at home, work and play.

 

 

About Monaker Group: Monaker Group, Inc. (“Monaker”) is a digital media marketing company focusing on lifestyle enrichment for consumers in the travel, home and employment sectors. Core to its marketing services are key elements including proprietary video-centered technology and established partnerships that enhance its reach. Video is quickly becoming consumer’s preferred method of searching and educating themselves prior to purchases. Monaker’s video creation technology and film libraries combine to create lifestyle video offerings that can be shared both to its customers and through trusted distribution systems of its major partners.  The end result is better engagement with consumers who gain in-depth information on related products and services helping to both inform and fulfill purchases.  Unlike traditional marketing companies that simply charge for advertising creation, Monaker holds licenses and/or expertise in the travel, real estate and employment sectors allowing it to capture fees at the point of purchase while the majority of transactions are handled by Monaker’s partners. This should allow the company to capture greater revenues while eliminating much of the typical overhead associated with fulfillment. Monaker core holdings include Maupintour, NameYourFee.com, RealBiz Media Group – helping it to deliver marketing solutions to consumers at home, work and play.

 

 

Safe Harbor Statement: 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.

 

CONTACT:

 

Chesapeake Group
Kevin Holmes
info@chesapeakegp.com
+1 (410) 825-3930