Ann: Karaoke2U iOS App Launched on Apple Store-TV2.AX, page-34

Good morning all, it seems our little K2U app is seeing some progress.

When the iPhone app was first released (16th) a HC member mentioned they searched "Karaoke" in the app store & stopped looking for our app after the first 30. Later that night I was able to find our app at number 30.

On the morning of the 17th I was able to find our app @ 24 & last night we were sitting @ number 11... Awesome result for 48hrs.

We are seeing excellent progress in the rankings (up from +30 - 11 in 24hrs) & from what I can see it is an excellent app.

The reason I mention this; is there has been a lot of talk about what will make the SP rise etc.

When a business moves from concept to commercial reality it receives a re-rate (1.3c - 3.6c) I see this pricing based on Karaoke2U. We won't see any financial results with revenues published for at least the next 3 - 4 months, so in that time the story will be about the size of growth in our user base & the SP will be linked to that.  The interesting thing about TV2 is when a business moves to commercial reality, it is usually only bringing on its first deal or product, but we have the following to look forward too in addition  to our first product:


In the next 2 weeks or so we should see Divan come on board (deal 2) sharing revenue 50/50. Divan has been rapidly expanding since signing a deal with TV2 & this is largely through adding to their distribution network by signing deals with additional suppliers i.e. LG/Samsung etc; so that Divan TV is offered on a free trial basis when customers buy smart TV's. We will enhance Divan's product offering & subscription take up; which is why the revenue forecasts are so much higher than Divan's current revenue stream.... This is an excellent deal & Divan has obviously been getting their ducks in a row for the launch!!!
I have added 1 link but there are many more articles.

http://www.digitaltveurope.net/521432/divan-tv-goes-global-with-smart-tv-app/

We also have OM Telecom (deal 3) which will receive an update on at some point. Don't forget, OM is actually white labelling our entertainment solution in Australia, bringing on gaming & the whole 9 yards. They have access to 12 ISP's in Australia (200,000 potential customers) & are expanding to 20 ISP's by end of year.... I feel like this is a great deal for us & a potentially disruptive entertainment solution in the Australian market. Investors have missed this as they got sucked into the hype of a potentially larger telco deal. The reality is that OM is the first company to White Label a product with us. If we can pull this off, we can show it off to the world..... All we needed was a foot in the door.

Then there are deals 4 & 5..... I'm not going to speculate, but they could be anything. Needless to say, they are in addition to what we already know.

Based on the above information, it is very difficult to know where the SP will go. There is turmoil in international markets in the short term, however we have so many deals being updated in such a short timeframe anything could happen. Ultimately TV2's SP price will be realised as the story unfolds (it is hard to know which of the deals have been priced in), however given the INSTOS were prepared to pay 3c only 2 weeks ago & the imediate progress I am seeing with K2U.... I suggest there is plenty of value here over the med to long term.

**Please note, the above is based on my own research & opinion**