|By PR.com Newswire||
|June 6, 2014 06:10 AM EDT||
New York, NY, June 06, 2014 --(PR.com)-- STUDIO 777™ (CAPEX: FUN), the #1 Skill Gaming Nightclub, Mall and Resort in the Second Life® virtual world since 2009, announced the pricing and approval of its initial public offering of 4,000,000 shares of its common stock at a price in Linden Dollars ("L$") of L$1.50 per share. The Company expects to receive gross proceeds of L$6,000,000 from the offering at closing, representing 20% of the Company. The shares are expected to begin trading under the symbol “FUN" on the Capital Exchange Stock Market Simulation Game at 5:00am SLT (PDT) / 8:00am EDT on Saturday, June 7, 2014 at http://www.slcapex.com/ipo.
FUN is comprised of several successful enterprises: A Dance Club, JOBSTAR Job Center, 777 Shopping Mall and Skill Gaming Resort. The Company has been profitable since inception in 2009 with tens of thousands of customers. At STUDIO 777, Guests play games, win and earn Lindens, socialize, enjoy great music and dance, experience a unique location with stunning graphics and bright visuals, find a job, shop, take a bike ride -- or even a rocket ride.
While in accordance with Linden Research, Inc.'s Terms of Service there can be no guarantees, the Company intends that investors will receive percentages of profits through monthly L$ dividends and with demand the price of shares will rise, creating more investor value. Currently, the Company has monthly revenue of L$10,000,000 and expenses of L$9,800,000. The offering and details are available at http://www.slcapex.com/home/story/system/8182 and should be read carefully.
Joining CEO Luke Slingshot and President KariAnne Starsmith on FUN's Board of Directors is Glaznah Gassner, the trusted and successful CEO of Smartbots (CAPEX: BOTS) and Earn2Life (CAPEX: EARN). Capital Exchange is the #1 stock market simulation game within Second Life. Skip Oceanlane, CEO of CapEx, has made honesty and integrity the cornerstone of the exchange: http://www.hypergridbusiness.com/2011/05/new-owner-of-virtual-exchange-p.... With over 22,000 accounts and L$30,000,000 on deposit, the FUN IPO will be the largest ever to list at Capital Exchange.
Luke Slingshot, Founder and CEO of STUDIO 777, commented, "Our experience, reputation, demonstrated results, commitment to quality and enthusiasm for the amazing things Second Life can do has created a destination that has exceeded our wildest expectations. After two years of working with Skip and his outstanding team, we're honored to be joining Capital Exchange. Having Glaznah Gassner on our Board brings a wealth of knowledge and experience that is unmatched at CapEx. As Second Life continues its revolutionary growth and development, STUDIO 777 is dedicated to amplifying the convergence of technology and entertainment."
"I am happy to announce that the Capital Exchange Regulatory Commission (CERC) has approved the L$6,000,000 Initial Public Offering (IPO) Application for STUDIO 777 (FUN). Congratulations to FUN CEO Luke Slingshot and everyone at STUDIO 777," said Skip Oceanlane, CEO of Capital Exchange. "This company listing will definitely expand our visibility within Second Life, and help bring in many new investors. I'm very excited about it."
About STUDIO 777: Since 2009, STUDIO 777 has welcomed over 1 million Guest visits with over 50 million minutes spent at 777 in the Second Life virtual world. With 30,000 Group Members, over 1,400 Live Events with international DJs & L$ prizes, 50 Mall Stores, and L$250 Million Linden won by Players and Guests, STUDIO 777 has gained a reputation for trust, integrity and fun. 777 has been ranked third highest in traffic in Second Life and honored to be named Second Life’s #1 Skill Gaming Nightclub & Resort. Visit STUDIO 777 in Second Life at http://slurl.com/secondlife/Sol%20Hermosa/114/93/35 and on the web at http://www.Studio777s.com.
About Capital Exchange: Capital Exchange (http;//www.slcapex.com) is Second Life's largest stock market simulation game. In the last 12 months over 120,000,000 of virtual stock within the game has been traded. Skip Oceanlane has been the Capital Exchange CEO since January, 2011.
About Linden Lab: Founded in 1999 and headquartered in San Francisco, Linden Lab makes shared creative spaces that inspire and empower users to explore and share their creativity with others. For more about Linden Lab, its products, and career opportunities please visit LindenLab.com.
Safe Harbor Statement:
This press release contains statements which may constitute forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of STUDIO 777, members of management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Capital Exchange is a fictional stock market simulation game operating for entertainment and educational purposes only. All activity regarding Capital Exchange is governed by CapEx's disclosure statement at http://www.slcapex.com/content/disclosure and full rules for CapEx participation are at http://slcapex.com/content/info.
Second Life is a registered trademark of Linden Research, Inc. All trademarks, product data, logos and copyrights are the property of their respective Companies and no endorsement is implied. STUDIO 777 is proud to be equal opportunity and welcomes all applicants.
For STUDIO 777: Luke Slingshot, KariAnne Starsmith
In world: Luke Slingshot, KariAnne Starsmith
Email: Mr. Slingshot: [email protected], Ms. Starsmith: [email protected]
For Capital Exchange:
In world: Skip Oceanlane
Email: [email protected]
Source: STUDIO 777
Read the full story here: http://www.pr.com/press-release/562591
Press Release Distributed by PR.com
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 4, 2015 12:30 PM EDT Reads: 117
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Sep. 4, 2015 12:00 PM EDT Reads: 294
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Sep. 4, 2015 12:00 PM EDT Reads: 109
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 4, 2015 12:00 PM EDT Reads: 499
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Sep. 4, 2015 11:45 AM EDT Reads: 398
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
Sep. 4, 2015 11:45 AM EDT Reads: 584
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Sep. 4, 2015 11:00 AM EDT Reads: 427
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Sep. 4, 2015 11:00 AM EDT Reads: 1,615
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Sep. 4, 2015 11:00 AM EDT Reads: 249
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 4, 2015 11:00 AM EDT Reads: 191
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 4, 2015 10:45 AM EDT Reads: 662
Moving an existing on-premise infrastructure into the cloud can be a complex and daunting proposition. It is critical to understand the benefits as well as the challenges associated with either a full or hybrid approach. In his session at 17th Cloud Expo, Richard Weiss, Principal Consultant at Pythian, will present a roadmap that can be leveraged by any organization to plan, analyze, evaluate and execute on a cloud migration solution. He will review the five major cloud transformation phases a...
Sep. 4, 2015 10:15 AM EDT Reads: 128
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Sep. 4, 2015 10:00 AM EDT Reads: 870
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Sep. 4, 2015 10:00 AM EDT Reads: 135
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Sep. 4, 2015 10:00 AM EDT Reads: 146