NeXt Innovation Corp. Prices Initial Public Offering

WOODSIDE, Calif., April 28, 2011 (GLOBE NEWSWIRE) -- NeXt Innovation Corp.
(Nasdaq:GSVC), an externally managed business development company, today
announced the pricing of the initial public offering of 3,335,000 shares of its
common stock at a price to the public of $15.00 per share. The shares will begin
trading on the Nasdaq Capital Market on April 28, 2011 under the ticker symbol
"GSVC." In addition, NeXt Innovation Corp. has granted the underwriters a 30-day
option to purchase up to an additional 500,250 shares of common stock. The
offering is expected to close on or about May 3, 2011.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE AMEX:LTS), and Lazard Capital Markets are acting as joint
book-running managers for the offering. National Securities is acting as lead
manager. Maxim Group LLC, Merriman Capital, Northland Capital Markets, Rodman &
Renshaw, LLC, Aegis Capital Corp., Anderson & Strudwick, and Newbridge
Securities Corp. are acting as co-managers.

A registration statement relating to this offering has been filed with and
declared effective by the Securities and Exchange Commission on April 28, 2011.
This offering may only be made by means of a prospectus, copies of which may be
obtained when available from: Ladenburg Thalmann & Co. Inc., 520 Madison Avenue,
9th Floor, New York, NY 10022 Attention: Prospectus Department; or by contacting
Lazard Capital Markets LLC by mail at 30 Rockefeller Plaza, 60th Floor, New
York, NY 10020, Attention: Syndicate Department, or by calling (800) 542-0970.
Investors should consider the investment objective, risks, and charges and
expenses of the Company carefully before investing. The prospectus, dated April
28, 2011, which will be filed with the Securities and Exchange Commission, will
contain this and other information about the Company. Investors should read the
prospectus carefully before investing.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

About NeXt Innovation Corp.

NeXt Innovation Corp. is an externally-managed business development company. Our
investment activities will be managed by NeXt Asset Management, LLC. Michael T.
Moe serves as Chairman, President and CEO of NeXt Innovation Corp. and CIO of
NeXt Asset Management. Our investment objective is to maximize our portfolio's
total return, principally by seeking capital gains on our equity investments. We
intend to invest principally in the equity securities of venture capital-backed,
rapidly growing emerging companies. We may also invest on an opportunistic
basis, in select publicly-traded equity securities of rapidly growing companies
that otherwise meet our investment criteria. We intend to acquire our
investments primarily through private secondary market transactions, direct
investments in our portfolio companies, and, to a lesser extent, through
transactions executed on public securities exchanges.

The NeXt Innovation Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9556

CONTACT: Press Contact:
Kim Hughes
The Blueshirt Group
Tel: 415.516.6187
Kim@blueshirtgroup.com

Investor Relations Contact:
Suzanne Craig/Danielle Ginach
The Blueshirt Group
Tel: 415-217-4962 / 4964
Suzanne@blueshirtgroup.com/Danielle@blueshirtgroup.com

Corporate Contact:
investors@nextinnovationcorp.com
Tel: 650.206.2965