Bullish indicating open at $55-$60, IPO prices at $37
SANTA FE - NextTrip, Inc. (NASDAQ:NTRP), a micro-cap travel technology company with a market value of $31.6 million, announced a strategic partnership with KC Global Media (KCGM) to expand its JOURNY travel brand into Southeast Asia, according to a press release statement issued Thursday. The announcement comes as the stock shows strong momentum, gaining over 20% in the past year despite recent market volatility.
As part of the arrangement, KCGM will launch a new JOURNY-branded television and digital channel in Southeast Asia later this year. The channel will feature original productions, U.S. programming, and localized travel content.
In conjunction with the partnership, Andy Kaplan, Co-founder and Chairman of KCGM, has joined NextTrip’s Board of Directors effective July 17.
"His visionary leadership in building global media networks and deep experience across entertainment and technology will bring invaluable insight as we grow JOURNY into a worldwide travel and lifestyle content brand," said Bill Kerby, CEO of NextTrip.
Prior to co-founding KCGM, Kaplan served as President of Worldwide Networks at Sony Pictures Television, where he oversaw international television network operations including brands such as AXN, Animax, and Sony Channel.
NextTrip describes itself as a technology-forward travel company that offers booking solutions across cruises, group travel, luxury getaways, and vacation rentals. The company operates FAST (Free Ad-Supported Streaming TV) channels and travel-focused media brands.
KC Global Media Entertainment LLC is a multi-media company headquartered in the United States with offices across Asia. The company’s portfolio includes networks such as AXN, Animax, ONE, GEM, KCM, and AXN Sports.
In other recent news, NextTrip, Inc. has appointed four new directors to its board as part of its reverse acquisition process. The new directors, Carmen Diges, David Jiang, Steve Kircher, and Jimmy Byrd, bring diverse expertise in areas such as global capital markets, corporate development, and technology. This board transition marks the completion of NextTrip’s reverse acquisition initiated in December 2023. Additionally, NextTrip has announced a strategic partnership with Nuitée, a global hotel API provider, to enhance its lodging offerings. This collaboration will integrate Nuitée’s portfolio of up to 1.5 million properties into NextTrip’s booking platform, aligning with the company’s goal to expand its vacation home and short-term rental markets. The partnership also complements NextTrip’s PayDlay product, which offers flexible installment payments for booking vacations. Bill Kerby, CEO of NextTrip, emphasized that this integration aims to remove financial barriers and improve the traveler experience. These developments reflect NextTrip’s ongoing commitment to innovation and strategic growth in the travel industry.
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