a new connection

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ASX: TTV
ASX RELEASE
20 January 2012
IPTV Wagering Deal with LG Electronics
Two Way Limited is pleased to announce that it has signed a binding long-form contract with LG Electronics Australia Pty Ltd (“LGE”), for distribution of Two Way’s IPTV wagering applications on the LGE range of smart TVs, Blu-ray players, and home theatre systems.
Two Way has already finalised exclusive deals with two of Australia’s leading wagering operators, Sportingbet Australia Pty Ltd and Betfair Pty Ltd, to build and operate TV wagering services. These applications are in advanced stages of production, and are due to be launched in the first quarter of calendar 2012.
LGE is a leading manufacturer of smart TVs and other advanced consumer electronics devices. Smart TVs include a built-in connection to the internet, which can be used to provide downloads of movies, TV shows, games, and other interactive applications directly to the TV set.
The applications to be deployed by Two Way on LGE devices in Australia will be capable of taking bets, via the TV remote control, on all sports events broadcast by free-to-air TV, pay TV, or any form of IPTV.