[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 

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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. Quote 0   0

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 ????? Quote 0   0

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................................ Quote 0   0

SLReports.net User - AReader   | 2007-09-08 03:44:22 - BESIDES, about Allenvest -It's A Gamble-Venture Capital....lol...they 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.. Quote 0   0

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. Quote 0   0

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 Quote 0   0

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 ? Quote 0   0

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. Quote 0   0

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. Quote 0   0

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. Quote 0   0

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] Quote 0   0

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. Quote 0   0

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...maybe 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. Quote 0   0

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 .. Quote 0   0

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. Quote 0   0

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"? Since 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. Quote 0   0

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 Quote 0   0

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... Quote 0   0

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.net/?p=103&id=7). i quote: "Jasper 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... Quote 0   0

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