This part was pretty disappointing but not unexpected. Have to hope now that World Wifi gets some people interested.
Despite strong initial Loyalty Partner interest in World Phone, it has become apparent that consumer uptake of the World Phone-based roaming travel packs through Loyalty Partners, such as RAC Travel and Visa, has disappointingly been lower than expected.
Norwood Systems Half Yearly Report 2018 Page 6 Reviewing these results the Company has chosen to accelerate its planned transition from promoting World Phone as a roaming loyalty benefit to instead focusing Norwood’s Loyalty Partners on the Company’s newest consumer applicable Apps, World Wi-Fi and World Secure, both of which are more highly differentiated than World Phone to any potential competitors, and which the Company believes will be far more effective vehicles to deliver differentiated value to consumers"
NOR Price at posting:
1.7¢ Sentiment: None Disclosure: Held
