Jul 11th, 09:35 system announcement
by Bogart Beck

MONTHLY FINANCIAL REPORTS ARE OVERDUE! - 07/11/2008

A freindly reminder to Exchange-listed CEO's and CFO's. Monthly Financial Reports are now OFFICIALLY LATE. I recognize that it is summertime and we all have other activities and obligations outside of Second Life(tm) and a few of you have posted notices that you will be late in filing your Reports.

Regardless, you each have made a commitment to your Shareholders to provide accurate and timely Reports so as to allow investors to make informed decisions in the marketplace. Perhaps some companies should consider having a surrogate or outside agency prepare their Financial Reports. (It's certainly less expensive than the fines you'll likely incur as a result of delinquent filings.)

I've posted our Reporting Policies below as a reminder. Pursuant to such Policies, SL CapEx Management will commence enforcement activities beginning this evening.

The FINANCIAL POSTING Policy can be found at the following link...

http://www.slcapex.com/content/listing

...the relevent Section has been posted here for concenience.


* FINANCIAL REPORTING POLICY *
===============================

-Monthly financials must be posted by the 10th of the month at 11:59pm SLT.

-Financials must be posted using a GAAP-Compliant template provided by the SL Capital Exchange, and must include both an Income Statement and Balance Sheet.

-If financials are not posted, CEO assets will be frozen on the 11th of the month at 12:00am SLT, including but not restricted to funds and shares held with CapEx.

-CEO will be fined 5000L per day or the equivalent in shares for each day after the 10th of the month until the day of financial postings, up to the 30th of the month.

-Penalty fees are paid through the following accounts: trading cash balance, bank cash balance, share reduction of listed Company and/or invested companies from personal portfolio, etc.

-Company trading will be halted on the 15th of the month.

-Notice of Default will be issued on the 20th of the month.

-Company will be delisted on the 30th of the month

-Final Shareholder list will be posted in forum

-Company CEO and Directors' accounts will be frozen and not allowed to trade. Once a Company has been delisted, Directors accounts may be unfrozen through petition under the discretion of the CapEx's Executives.

-Company CEO and Directors will be banned from exchange. Directors' ban may be petition at discretion of CapEx's Executives

-Any Alternate accounts found will be frozen with all assets confiscated


Kind Regards,

Bogart Beck
SL CapEx CEO