and Financial Results July 7th
NEW YORK, NY and Second Life – July 2, 2014 - STUDIO 777 (CAPEX: FUN) today announced that its Board of Directors accelerated and approved the initiation of monthly Linden dividends to its Shareholders on Capital Exchange. The first monthly dividend will be paid on July 7, 2014 to all Shareholders of record, and it is intended dividends will be paid on the 7th of the month thereafter. Financial results, including dividend amounts, will be released synchronously on dividend days of record.
Also check the story out at: http://www.prurgent.com/2014-07-02/pressrelease351842.htm
Luke Slingshot, Chief Executive Officer, explained, "Welcome FUN Shareholders! Your Company, STUDIO 777, experienced major expansion across all sectors, and STUDIO 777's leadership position in the markets we serve has strengthened. Because of our results, the time is right for FUN to pay our first-ever dividend. This early dividend will complement our leading position, and is an important part of our commitment to bring value to Shareholders. Thank you for your support. Get ready: July 7th is going to be more FUN than projected!"
While Capital Exchange rules state, "Newly listed companies within 30 days of the filing cutoff have the option of filing the first financial in the next filing period," FUN's Board of Directors has determined that the Company's success warrants the filing and dividend earlier than expected.
ABOUT STUDIO 777: Since 2009, STUDIO 777 (CAPEX: FUN) has welcomed over 1 million Guest visits with over 50 million minutes spent at 777 in the Second Life virtual world. With 30,000 Group Members, over 1,400 Live Events with international DJs & L$ prizes, 50 Mall Stores, and L$250 Million Linden won by Players and Guests, STUDIO 777 has gained a reputation for trust, integrity and fun. 777 has been ranked third highest in traffic in Second Life and honored to be named Second Life's #1 Skill Gaming Nightclub & Resort. Visit STUDIO 777 in Second Life athttp://slurl.com/secondlife/Sol%20Hermosa/114/93/35 Twitter @Studio777Club and on the web at http://www.Studio777s.com.
ABOUT CAPITAL EXCHANGE: Capital Exchange (www.slcapex.com) is Second Life's largest stock market simulation game. In the last 12 months over L$120,000,000 of virtual stock within the game has been traded. Skip Oceanlane has been the Capital Exchange CEO since January, 2011.
ABOUT LINDEN LAB: Founded in 1999 and headquartered in San Francisco, Linden Lab makes shared creative spaces that inspire and empower users to explore and share their creativity with others. For more about Linden Lab, its products, and career opportunities please visit LindenLab.com.
Safe Harbor Statement:
This document contains statements which may constitute forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of STUDIO 777, members of management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Capital Exchange is a fictional stock market simulation game operating for entertainment and educational purposes only. All activity regarding Capital Exchange is governed by CapEx's disclosure statement athttp://www.slcapex.com/content/disclosure and full rules for CapEx participation are at http://slcapex.com/content/info.
Copyrights and trademarks are STUDIO 777 Partners. All worldwide rights reserved. Second Life is a registered trademark of Linden Research, Inc. All trademarks, product data, logos and copyrights are the property of their respective Companies and no endorsement is implied. STUDIO 777 is proud to be equal opportunity and welcomes all applicants.
CONTACTS:
For STUDIO 777: Luke Slingshot, KariAnne Starsmith
In world: Luke Slingshot, KariAnne Starsmith
Email: Mr. Slingshot: lukeFLL@gmail.com, Ms. Starsmith: karianneinsl@gmail.com
SOURCE: STUDIO 777
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