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Ann: TV2U Generates First Revenue from Karaoke2U App-TV2.AX, page-4

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    TV2U GENERATES FIRST REVENUE FROM KARAOKE2U APP AND COMMENCES PHASE ONE DELIVERY FOR DIVAN TV
    • TV2U generates first revenue from Karaoke2U App following launch on Google Play and Apple’s App Store.
    • Karaoke2U already has 3,000 subscribers with numbers increasing by 1,000 per week.
    • Current conversion rate (download to paid subscriber) is 28% and is expected to grow as the 14-day
      free trial passes begin to expire.
    • The Company has commenced content delivery for the Divan.TV (Divan) service joint initiative through the launch of its localised Russian Language interactive Karaoke2U App.
    • Divan collaboration will immediately provide a sales channel for Karaoke2U to Divan customers and provide an entry point into the region via an established brand name.
    • Indonesia identified as the next roll-out location for the Karaoke2U App with deployment to 25 countries on track before the end of 2016.
 
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