A lot of potential in this stock. Two way has signed an agreement with Foxtel to supply wagering services via pay TV in NSW and Victoria. Tabcorp account holders will be able to place bets via their Pay Tv Sky channel interactive. Upon delivery Tabcorp will pay a service via derived from wagering turnover.
There are also plans for this type of service to be available via mobile phone in the future.
Two Way is the leading provider of interactive applications and technology in Asia Pacific. Its competitive strengths include its patented technology, library of interactive applications and exclusive content deals which can be deployed on TV, MOBILE or INTERNET.
Two Way has offices in Sydney, Hong Kong, Mumbai and an office opening in Shanghai in early 2007. This allows us to manage individual customer objectives that require local input and attention.
Two Way has rapidly grown its portfolio of Mobile to TV interactive products both in casual games and wagering applications. Our SIMCAST product allows mobile phone users to interact with TV broadcasts in real time, without the need for a set top box and allowing the broadcaster absolute flexibility.
Two Way has developed an extensive catalogue of Open TV casual games which are now being converted to IPTV format which will be launched on the PCCW, Maginet and M2BWorld distribution platforms.
Our interactive horse racing application is extensive in both betting types, form guides and utilises the latest synchronisation technology to ultimately enhance the user experience. This technology is now being applied to Sports betting applications including play for prizes and play for real.
Two Way services are currently deployed by leading free to air and pay TV operators in Australia, New Zealand, Hong Kong, and China with further services to be deployed in India early 2007. Clients range in diversity from TABCORP, STAR Asia, PCCW, Foxtel and the New Zealand Racing Board.