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[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 RELEASESECOND 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
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