Press Release: Atlas Venture Capital Acquires Lucia Bay Properties (SL Reports) | Stock Market

	Tarantino, Quentin Movies

Press Release: Atlas Venture Capital Acquires Lucia Bay Properties (SL Reports)

Written by Xavier Mohr

Friday, 07 September 2007

[Editor's Note: This press release was posted as it was submitted.
SLReports.net cannot confirm or deny any of the claims made herein.]

FOR IMMEDIATE RELEASE

SECOND LIFE, LUCIA BAY (153,140,23), 5 SEPT 2007 – Atlas Venture Capital today announced that it has acquired 90% of the outstanding shares of Lucia Bay Properties for an estimated L$15 million. Lucia Bay owns and operates a contemporary beach club comprised of upscale residences, recreational facilities and commercial properties.

“Lucia Bay is a diamond in the rough,” said Atlas CEO Jasper Tizzy. “We have great ideas for this venture.”

“Lexus and I feel that we have taken this as far as we can by ourselves, and we are ready now to go to the next level,” explained Xavier Hathaway who, with his Partner Lexus Daviau, created Lucia Bay. “We feel that AVC offered us a great opportunity to fulfill our vision for Lucia Bay.” “We give our residents a great value,” added Daviau. “Our rental homes are laid out very carefully and are not just cookie cutter lots.”

Lucia Bay Properties offers 43 rental units, retail shops, a contemporary dance club and beachfront recreational opportunities on two sims, and prior to the acquisition by Atlas had an occupancy rate of 70%. An Atlas spokesman indicated that both parties looked to the deal to allow Lucia Bay to grow rapidly in traffic, population and size. Atlas also expects to exploit its “Springboard” catalogue sales system to drive business to the retail shops located on the club properties.

For more information, contact Jasper Tizzy or AVC Project Manager Cathy Winkler in-world by IM.

Original Announcement

Comments

RSS

SLReports.net User - ..ans so the proof u r a crook

|2007-09-14 11:26:18

Today 14-sep, Jasper Tizzy announced he will leave SL.
News is comfirmed by
VSTEX (http://www.vstex.ne t/?p=103&id=7). i quote:

"Jaspe r Tizzy is
leaving SL and he is selling out his bussiness"

So lol your were the next
Ginko, because you begun selling real mastercards in world , at Atlas Venture
Capital, but nobody has received one.

The fact you said you have aquired
Lucia...do you have any proof ?
LOL, just to fool people making them think your
a successful entrpenour to make them buy your fake debit cards in -
world.

Linden Lab should issue his own debit cards like other virtual worlds
to prevent the Jasper Tizzy crooks aparition in SL..

LL , pleae get up and
realise this Jasper Tizzy kind of fooling people is much worse than things like
gambling , which gambling let's get real is nothing wrong with , anyboby spents
how he wish his own earned money...so LL can't you make the difference ???
Ok
no regulations like in real life but only up to a limit on which people are
double -crossed big time.... you should verify Jasper Tizzy if he can sustain
what he was claiming...

SLReports.net User - The Reader about Jasper's Mast

|2007-09-09 11:17:35

Jasper Tizzy , CEO of Atlas VC said:
>We put the mastercard program on sale
8/16/2007 with a 20-30 >day delivery time.
>I have talked to the debit card
processor and all is on >schedule. Some cards have been sent out already. More
will >be sent out this next week. This is a new program and we had >to get into
a cycle. We hope future cards will be sent out >much faster.

Well Jasper I
agree this program is not something to implement so fast.
So if you succeed
into this I think a lot of people should say your a great man, sincerily.
..and
might go over about the small misspelled press release.

A lot of people would
benefit from withdrawing to a real physically mastercard from a real ATM, like
in other virtual worlds like Entropia Universe, Linden Lab seems remained behind
Entropia at this , so if you succed that your the greatest , honestly.

Maybe
AVC shares fall down 50 % because people readed this article , who knows.., i
doubt though, anyway SL shares don't quite follow the true value of a company
due to lack of audit and info about those companies...
You said:
>"I have
seen in sl markets that if you sell shares at 2.00 >the buyer will sell for
2.20, even if the shares have been >trading for over 3.00 "
He he i think
that's true and i'm sure AVC shares will go up.
Especially if you succeed with
those mastercards, they might go up big time , you know that...

jasper Tizzy

|2007-09-09 08:12:09

The press release was made by a reporter for the sl-newspaper, I agree maybe
more details. I do need a better PR person to help give the press a better
understanding of what we are doing.

The seller is now selling shares, so the
avc price is now lower. But I am sure it will pickup as income is being paid out
to shareholders.
I have seen in sl markets that if you sell shares at 2.00 the
buyer will sell for 2.20, even if the shares have been trading for over 3.00

Strange Ranger

|2007-09-09 07:58:24

So, Jasper, what you're saying is that the press release should have read,
"Atlas Venture Capital today announced that it has acquired 90% of the
outstanding shares of Lucia Bay Properties for an estimated L$3.75
million"?

Sin ce the other L$11.25 million didn't actually go toward
buying any part of the 90% of the outstanding shares, it sounds like this would
be a more correct statement.

The most correct statement would have been that
AVC acquired 90% of the outstanding shares of LBP with a stock-only purchase of
1 million shares (since the other 3 million bought L$). The press release made
it sound like a "cash" purchase, not mentioning any stock
trade.

Since AVC stock is worth about half of what it was worth three days
ago (~L$1.80), the value of what you got out of the deal really spiked, it
seems.

jasper Tizzy - MasterCards

|2007-09-09 07:50:06

Lucia Bay was purchased with AVC Shares. Not any cash!!

We put the
mastercard program on sale 8/16/2007 with a 20-30 day delivery time.
I have
talked to the debit card processor and all is on schedule. Some cards have been
sent out already. More will be sent out this next week. This is a new program
and we had to get into a cycle. We hope future cards will be sent out much
faster.

If anyone has seen me at the SLCC,you may have also see the debit
cards as the processor was there to demo the cards.

If anyone who bought a
debit card would like to get a refund, I will be more than happy to comply.

SLReports.net User - Seems that those Jasper debit

|2007-09-09 07:29:35

Yeah for those who might not know Jasper ,CEO of Atlas Venture Capital also
claimed that using his new aquired "The Bank" , will issue real master
cards from which people will be able to withdraw real $ at real ATM's..

But
seems nobody ever withdrawed anything ..

SLReports.net User - Jasper Tizzy, what about your

|2007-09-09 07:20:01

Jasper .lol,you're one of two:
1) lier ( to make people think Atlas VC is a big
trustable company ), so you declare you've buyed it with 50,000 real $
loooooooooooooooool

2) a bad businessman -it's that simple ..loool..50,000 $
for two sims , even with bussiness,hmmm...may be your gonna be hit of some luck
and recover the $$, who knows ???

BUt i rather think your a big lier ..why
..because i never heard about some 1 withdrawing on your real master debit cards
( hmm they really exist or you just full people to buy them at 10 and 100 $ ) to
just realise they can't withdraw any real $ on a real ATM , how you
claimed...)
- Do you really sent those debit cards to anyone /
- Did anyone
received by mail any master card issued by the "THE BANK " ( which Atlas
Venture Capital you bragged yourself aquired )
?????????????????
????????????????

- And by the way , why want you to talk in private with
"Yeah right" and not here too show to the people some transparency
?
Thank you.

jasper Tizzy

|2007-09-09 06:34:43

"Yeah right..." I dont see your name to talk to you in detail.

But
what about the cash on hand? You don't have a clue to the amount of cash that
was included with the business?

The purchase was with stock and the value at
the time of the stock was given is aprox 15 million.

We had put a value of 1
million shares for the 2 sims and the business. 3 Million shares for the large
cash on hand.
4 million shares total at aprox 3.75 per share at the time of
the sale.

I thank you for showing your opinion you seem to have given it alot
of thought, but this is a great deal for atlas in many ways.

SLReports.net User - Yeah right...

|2007-09-08 21:34:29

I don't see where a business with two estates (which MIGHT be valued at L$1
million each if they have a ton of steady traffic and have been around for a
while) and 43 units (if at L$2000/wk each would be L$4,472,000 per year - which
is highballing it) could be worth that.

Deduct about L$1.9 million from the
rental profits for island tier for two estates for 12 months. Let's not even
count payroll, but assume they are doing L$30,000 in advertising a month
(L$360,000 a year) and deduct that.

Assume you want the sale price to be L$1
million per estate plus the equivalent of three years profit using my
overly-high, unreasonable figures. That would be L$8.64 million purchase price.
Considering AVIX was only sold for L$8,000,000, and Stroker Serpantine made a
deal to sell his business (way more successful than AVC or this other business I
never heard of) for $50,000 usd, and something just isn't right.

[Edited]

jasper Tizzy - If you dont know? you make it

|2007-09-08 20:13:25

The purchase is with 2 estates, an operating business with income and cash on
hand.

SLReports.net User

|2007-09-08 19:26:15

The press release says that Jasper Tizzy paid an estimated L$15 million... not
L$50 million. Still way too much in my opinion. Over $50,000 USD for that small
amount of properties in only two regions?

I could have sold him more than
that for half the price and "guaranteed" him more of a return. Granted,
though, I don't have any outstanding shares, so it would have been a cash price.

SLReports.net User - A reader --> Correcttion AIG i

|2007-09-08 15:13:01

AIG. Allenvest Venture Capital , sorry my mistake u're a big nice company , u
should change your name coz it's too more like the name of the bullshit Atlas
Venture Capital, which may missleed a lot of people associating by mistake due
to your alike name..

Does somebody know if Lucia Bay Properties were trade
on any stock exchage , just to verify that Jasper Tizzy indeed aquired those for
50,000,000 L$ ?

1)say they bought with 50,000 real $ those LUcia Bay
Properties
2) say they're issuing a real debit card which people can use at a
real life ATM, but never have heard any body withdrawing anything.

SLReports.net User - A Reader

|2007-09-08 14:51:48

Weli have to say the bulshit i was reffering above is about AIG= Allenvest
Venture Capital which is the news all about , nothing ugly to say about ATLAS
Venture Capital or SL- Reports, these press releases are usefull , maybe just
needed to specify it was only an interview or something that company wanted
appear in the newspaper.

I like SL Reports , it does a very good job,it's a
nice newspaper, and in fact i kinda trust the whole JT Financial Group , which
part of is the SL Capex Stock Exchange which in my opinion is more trustable
than WSE , donno about ISE, well it's just my opinion i might be wrong.
- Donno
though if any of ISE WSE or SL CAPEX have a real license, have they ?
- SL
Reports omitted though to include among SL stock exchages though the Anshe's
stock exchange ( Dreamland Stock Exchange), i wonder why , u r a professional
newspaper though.....
well, Anshe Stock Exchange seems more trustable comparing
with all the other , considering Anshe i heard has a real life license for her's
Entropia Universe virtual world Bank..maybe i'm wrong..
- Well Dreamland is not
very good stock exchange has only 2 stocks and no liquidity, though..
Besides i
saw some reported trades at a price greater than the biggest bid offer and not
the the price of the sell offer so that trade is suspicious - was not at a
market price either..
- Maybe VSTEX is the best stock exchange - considering ,(
is it true ?) a investors made stock exchange ?

Xavier Mohr - This is a Press Release, Guys

|2007-09-08 04:57:04

Okay guys... I will go make an editor's note - I guess. It's weird that I should
have to considering this says "Press Release." SLReports.net did not
write this. This is posted as it was submitted. I cannot confirm or deny any of
the claims.

Xavier

Corretions Officer - To the previous writer

|2007-09-08 04:20:39

AIG is allenvest.
AVC trades on vstex.net and is Atlas Venture capital. I'm not
following how you relate the two except they're both bankers.

To the rest of
you reading this. an estimate of 50 million game currency on a property unless
it includes multiple sims is ridiculous. The average sim costs at base
400-600,000 game currency. It would take.. 100 sims (excluding intellectual
property rights and improvements to the sims) to make 50 million game currency.
Whoever wrote this needs to do more research instead of just listening to the
corporate media buzz from company pr.

SLReports.net User - AReader

|2007-09-08 03:44:22

- BESIDES, about Allenvest -It's A Gamble-Venture Capital....lol...the y said
they will sell debit cards
BUT:
- has ANYWONE withdrawed successfully ANYTHING
from a real live ATM ,how Allenvest promised,what they may have deposited on
that card ?

Allenvest seems a big bullshit to me...
Allenvest or Jasper
Tizzy if u read this ,i'm sure u are,please , we will be glad to see we were
wrong...if we're wrong you shold answer to our questions , if you 're playing
like you didn't read this means you r bulshitting us dude..

SLReports.net User - BIG bulshit part 2

|2007-09-08 03:41:15

Just give us a proof he really buyed at that price and we will say "congrats
- you're a professional newspaper" but in the meantime............
....................

SLReports.net User - AReader

|2007-09-08 03:36:10

Jaspet Tizzy ,I wonder if ONLY 1, i repet only 1 person EXIST which
successfuly withdrawed from your real MAster debit card , , issued by yours
"The Bank",using a real life ATM...or r u just a second Ginko-crook
?????

SLReports.net User - Total Wow - NOT

|2007-09-08 00:09:08

Who cares? seems like jasper tizzy these days is the king of making something
out of nothing. And 15 mil my butt! lolololol THat is why market caps are a bad
way of measuring the value of a business...... either someone is stupid or
lying.

Only registered users can write comments!

Last Updated ( Sunday, 28 October 2007 )

< Prev		Next >

[ Back ]

FOR IMMEDIATE RELEASE

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."