The price has been demolished and now the b usines plan is complete ala NMS. Goldman Sachs has been buying at 20c. Really tight and may be a mulitbagger very soon.
Two Way, Tabcorp to set up wagering service on FOXTEL 17:02, Friday, June 08, 2007
Sydney - Friday - June 8: (RWE Australian Business News) - Two Way Ltd (ASX code: TTV) had signed an agreement with Tabcorp Holdings Ltd (ASX code: TAH) and FOXTEL to develop a pay TV wagering service on the FOXTEL platform. The service will initially be offered in NSW and Victoria, subject to regulatory approvals in each state. Once the service is introduced, Tabcorp account holders with FOXTEL will be able to place bets via the Sky Racing Channel. Wagering on the service will be password-protected and will not be accessible without an active Tabcorp wagering account. Under the five-year agreement, Two Way will pay FOXTEL $5.6 million in two tranches, with the first 50 per cent to be paid on completion of today's agreement and the remainder payable upon commercial launch of the service. Following launch of the service, Tabcorp will pay a service fee derived from wagering turnover through the service. Two Way will retain 100% of this fee until it reaches a total of $5.6 million, after which Two Way and FOXTEL will split the fee equally.
Soon to expand but shares are extremely hard to acquire. Worth keeping an eye on.
"Two Way TV (TTV) is an interactive media application company. It provides enhanced TV entertainment and interactive TV applications and technology to the Australian interactive digital television market. TTV has an exclusive and perpetual licence acquired in 2000 from Two Way TV Ltd in the UK to operate in the Australian & New Zealand markets. Under this licence the Company has access to the large library of digital, interactive TV and mobile media applications already developed and used by Two Way Media. As at Dec. 04, the company main products are Interactive Games and Interactive Racing applications Interactive TV applications / Games: TTV provides the content for the MindGames Channel provided on a 24/7 basis for a monthly subscription by Foxtel and Austar on their digital services. As at Dec. 04, TTV has game channel agreements with Austar and Foxtel in place. Interactive Racing applications: TTV has an exclusive contract with TAB limited to establish a service that will allow viewers to place bets on races conducted anywhere in the world and broadcast in Australia. The service is intended to be launched commercially during 2005. As at Dec. 04 TTV created 2 proprietary racing applications called �eQuick Bet�f & �eTotal bet�f Acquisitions: TTV acquired Holotype Pty, an interactive television company that has developed a number of interactive television wagering and sports betting system."
http://www.twowaytv.com.au
Two Way TV agreement with Tabcorp extended 13:18, Friday, 30 June 2006
Sydney - Friday - June 30: (RWE Australian Business News) - Two Way TV Australia Ltd (ASX code: TTV) today announced its agreement with Tab Ltd - now owned by Tabcorp Holdings Ltd (ASX code: TAH) - had been extended beyond June 30. The new end date is September 30, and may be further extended at the discretion of Tabcorp, following further discussions between the parties. Under the agreement, Two Way has the appointment as the exclusive supplier of an interactive TV wagering service on the Sky Racing channel.
Two Way TV in three-year deal
10:10, Tuesday, 22 August 2006
Sydney - Tuesday - August 22: (RWE Australian Business News) - Two Way TV Australia Ltd (TTV) has signed a three year deal to provide interactive games to leading hotel in-room technology and entertainment provider, MagiNet Pte Ltd. Two Way will supply the first casual gaming service on the MagiNet systems installed in premium hotels throughout Asia Pacific and the Middle East. Two Way's games are designed to work on internet protocol television (IPTV) gaming platforms, and are perfectly suited for the MagiNet technology platform.
Two Way TV signs deal with M2B Game World 10:25, Friday, 25 August 2006
Sydney - Friday - August 25: (RWE Australian Business News) - Two Way TV Australia Ltd (ASX code: TTV) has signed a three-year deal to provide interactive games to online games provider M2B Game World Pte Ltd, via the Global Broadband TV service owned by Amaru Inc (a US-listed Nevada-based company) and marketed worldwide through Amaru's M2B World subsidiaries in the US and Asia. The Global Broadband TV service enables subscribers worldwide to access over 40 channels of video-on-demand programs under the M2Btv brand, using any high-speed broadband connection, through M2Btv's PONY set-top box that also offers video conferencing features without additional telecommunication charges. M2B Game World, a provider of 20 online games with an integrated micro-payment system on its MagicOverLoad platform, supplies and manages all interactive games content on the M2Btv platform. Two Way will provide the first network-wide casual gaming service through M2B Game World, targeting markets in America and Asia.
Sydney - Thursday - August 31: (RWE Australian Business News) - Two Way TV Australia (TTV) has triggered a defined negotiating period under its agreement with Tabcorp Holdings (TAH), and both parties are working towards finalising a distribution deal for an interactive TV wagering service. Two Way and Tabcorp have an agreement whereby Two Way is the exclusive supplier of an interactive TV wagering service on the SKY Racing channel. Further to this agreement, Two Way and Tabcorp are working together to complete a distribution agreement with a subscription TV operator by 19 December 2006. This date supersedes the current end date of Two Way’s agreement with Tabcorp, which is 30 September 2006.
TTV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held