Ring the Virtual Ipo Bell! Studio 777 Is Going Public on Second Life's Capital Exchange

1888 PressRelease - STUDIO 777 in Second Life joins the #1 Stock Market Simulation Game with a L$6,000,000 initial public offering, its largest ever. The IPO on Capital Exchange begins Wednesday, June 4, 2014 at 5:00am PDT.

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 Wednesday, June 4, 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...