Ann: TV2U ANNOUNCES FULL COMMERCIAL LAUNCH OF PERSIS TV, page-110

Phase One has been launched with more than 4,000 hours of Persian video on demand (VOD)content, which is now accessible globally. Customers will pay a monthly subscription fee to accessall content on the platform, and will be able to stream on multiple devices via web browsers(www.persistv.com) and the PERSIS TV Android application (Google Play).A JEE Group-backed marketing plan to promote Persis TV will begin during Phase One of thecommercial launch.
Phase Two will make a further 10,000 hours of content available to customers. The addition of thiscontent will coincide with the introduction of multiple tiered subscription packages, with premiumand featured content being added regularly. This will give customers a choice of viewing options,which will also be made available via the PERSIS TV iOS application (iTunes).
The basic subscription package available in Phase One will cost €10 per month, with an initialdiscount of 40% bringing the cost down to €6. The JEE Group is targeting 350,000 total subscriberswithin the first year of operation, supported by its international media and advertising efforts raisingawareness for the new service. Revenue from AVOD and other targeted advertising will be inaddition to base subscription fee


This ann is quite clear in its wording on revenue..if no revenue is reported then holders have a fairly solid foundation to build a case for misrepresenting company activities imo.

This ann was dated May 20th...