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Age : 59
Public asset : 46,150,302 USD
Biography : Mr. Aliko Dangote is Chairman at Dangote Sugar Refinery Plc, Chairman at Dangote Cement Plc, Preside
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XTV Networks : Quarterly Financial and News Update

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05/02/2016 | 05:38am CEST
f54fcd79-e37c-473f-998f-4f7b035e3054.pdf

ASX ANNOUNCEMENT 1 May 2016

Quarterly Financial and News Update Highlights
  1. Major move forward to advance new product - 3DCloudTV
  2. Large order sizes anticipated including an initial pending order for 2,500 3DCloudTV Units
  3. PCM signs on a channel reseller with 800 sales people
  4. Major Healthcare clients entering into expansion phases

xTV Networks Ltd ("xTV" the "Company") (ASX:XTV) completed the second quarter with significant momentum in Healthcare and highly respected brands in the USA as previously announced.

Financial - Cash collections for the quarter totaled $40,796 with over $100,000 being received just following the cut-off for the end of the quarter.

3DCLOUDTV Opportunity Overview
  • Signed Option to acquire the technology from TPT for combined solution - 3DCloudTV

  • Acquisition triggered upon receipt of ~US$50M+ in bookings to qualify the opportunity

  • Acquisition is a combination of cash and equity over 10 milestones

Following the acquisition, the initial major order would be a significant roll-out for the Company and demonstrate the value of the 3DCloudTV product in a large scale deployment.

Expansion Financing

The Company is in discussions with funds and brokers to consider its options for significant acquisition and expansion financing.

PC Mall - Reseller Channel Sales

PC Mall (NASDAQ:PCMI) has 800 Sales People, $2B in revenues and $155M specifically in Healthcare.

April Launched Reseller program with special incentives for sales people May Expand marketing activities to PCM customers

On Site training in Montreal for 400-600 PCM Sales Reps June On Site training in Chicago for 120-150 PCM Sales Reps

Healthcare Sales

Large customers are receiving quotations for organisation-wide implementations with customers excited about the value of the xTV products in their environment.

Healthcare team is continuing to expand existing large scale customers whilst adding further customers.

The revenue pipeline has grown substantially and we look forward to informing the market of the continued expansion of sales activities and wins in the healthcare market.

Joe Ward CEO

joe.ward@xtv.net

Jane Morgan

Investor & Media Relations investors@xtv.net

About xTV

xTV - the Next Generation Media Network Company allowing businesses to set up dedicated multi-channel online networks that integrate branded video and user-generated content with other real-time feeds

xTV Networks Ltd. issued this content on 01 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2016 03:38:00 UTC. Original document available at http://www.xtv.net/wp-content/uploads/2016/05/quarterly-financial-and-news-update-01052016.pdf

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