EXCLUSIVE VIDEO INTERVIEW: Nick Hogan – "I'm Very Sorry... I Pray Everyday Over What Happened"

With autumn rapidly approaching, Nick Hogan is ready to turn over a new leaf.

Just shy of two years removed from his darkest hour -- the August 2007 crash in Florida that left him behind bars, and friend John Graziano badly injured -- the 19-year-old son of wrestling legend Hulk Hogan held nothing back about his past, present and future in an exclusive interview with RadarOnline.com on Thursday.

"Something I'd want people to know now, is that I'm very sorry about my accident that happened and I feel the most regret in the world over that day, August 26 and I pray everyday over what happened, and everyone that was involved,” Nick told RadarOnline.com.

It's been more than 25 years since Hulk Hogan became a household name and worldwide role model to children advising them to train, say their prayers and eat their vitamins. Now, Nick is following in his father's footsteps in becoming a mentor and role model to kids with KIOTT, an organization he devised while in jail with aims to provide younger people with a safe venue to sow their wild oats behind the wheel.

"What KIOTT is, is an advocacy group I started that takes kids off the streets and puts them in racetracks, just a motivational thing to gets kids to stop doing stupid stuff on the streets." Nick told RadarOnline.com. “I moved on in a positive way with KIOTT, and trying to do everything I can to give back to the community I took so much away from."

While Nick candidly admitted that the loneliness he felt during his jail sentence was traumatizing, he said some good came out of the soul searching he did with the extra time he had on his hands.

"While I was in there, I really had a lot of time to think about everything that was going on in my life, and who I am inside," Nick told Rhames. "At the time with the divorce, there was so much going on I had no control of... I really, really got in touch with what I feel I'm being called to do, and doing the right things and helping other people out.”

Watch our exclusive interview with Nick!