Mr Tan will invest $1.2 million initially, in return for 60 million ordinary shares in Two Way at an issue price of 2 cents each. Mr Tan has also accepted a Directorship of Two Way.
Gerald?s experience in interactive TV, together with his business experience in Asia, will be a great asset to the company. His investment represents a great vote of confidence in our world-leader unique position in the media and wagering business.
Two Way?s products are currently being deployed by leading wagering and interactive TV operators in Australia and New Zealand. Our clients include Tabcorp, RWWA, TattsBet, Sportingbet, Betfair, FOXTEL, Austar, Optus TV and Sky New Zealand.
giddy up
TTV Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held