For SLReports.net

Investments of High Income (IHI : ACE) CEO Santinhos Noel announced today yesterday that the IHI(ACE) Board of Directors had come to a decision about the division of profits, and is going to establish a Social Fund.

"The IHI Social Fund will be supported by the IHI Community and its main focus will be the formation of new investors in the SL. IHI is open to partnerships with any company or private firm that have the same goal, in order to join strategies, giving something good back to the community and increasing the financial market liquidity."

Noel is one of Second Life's most visible CEO's, notable for being the first Portuguese-Language CEO in the SL stock exchanges, and Noel has hopes of using his position to bring more Brazilian and Portuguese speaking persons into the financial markets.

Boasting almost a full-month's company dividend payout from a single sale recently keeps IHI(ACE) and Noel on the blistering pace they have been setting since coming to market.

The recent successes of IHI(ACE) in Real Estate deals prompted CEO Santinhos Noel to proclaim along with the recent announcement of two more parcel acquisitions, "We will still be purchasing and selling land for the time being because we are very confident in the land market of Second Life."

IHI(ACE) has dropped as low as L$0.20 on the +7,000 share trading day of November 6th, and similarly rebounded to L$0.99 the next day. IHI(ACE) entered active trading following it's SPO on October 27, and has seen highs of L$1.09 and, again dropped to the all-time low of L$0.20 on November 21st, as well as the dip to L$0.60, in the less than month of trading. The IHI(ACE) 30 (25) day rolling share value average is L$0.962 and 30 (25) day rolling volume average is 1789 shares.

The division of profits is to be as follows: 40% for distribution of dividends, 50% for Reinvestment and 10% to the Social Fund.

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