Letter to Shareholders
Document date: Tue 27 May 2003 Published: Tue 27 May 2003 17:56:07
Document No: 204711 Document part: A
Market Flag: N
Classification: Letter to Shareholders
MEDIA WORLD COMMUNICATIONS LIMITED 2003-05-27 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++
We recently advised you that Media World Communications ("MWC")has
expanded its AP Technology rights and enhanced its position through
new agreements entered into with the World of Adams Platform ("WAP
")and APtv Pty Ltd ("APtv"), achieved after several months of
negotiations.
We have now commenced working with APtv (the broadcasting joint
venture between WAP and Thirdspace Living (UK)Plc)towards the
fulfilment of a number of important development milestones.
Two key milestones to note are
* The completion and delivery by APtv of a multi-user AP System that
will enable multiple simultaneous users to access real-time video on
demand, under controlled security conditions; and
* The certified delivery during the 1 st calendar Quarter of 2004 of
the commercially operational AP System that will enable us to build
the transmission section of our Australian Video on Demand service.
In the interim, while we are working towards these milestones, we will
be conducting comprehensive technical tests of the AP technology for
and at the request of strategic groups with whom commercial
arrangements are being negotiated or proposed. Our main objective for
providing the tests is to enable representatives of these groups to
closely observe and assess our licensed technology for the commercial
applications being proposed by MWC.
Accordingly, APtv and WAP are preparing appropriately
rigorous, transparent and secure protocols for the forthcoming tests.
The successful realisation of these tests for prospective investors
and partners will trigger our overall commercialisation
plans, including capital raising targets and the date for our ASX
re-listing.
We appreciate your continued interest in all of the above
developments and we will continue to update you on these matters.
J Blomfield
CHIEF EXECUTIVE
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