BTX: Beck Technical Research II

An Intellectual Property Development Company

Total shares: 2,000,000

Prospectus

Company Tagline

An Intellectual Property Development Company

CEO's Real Life Name

Don Roudebush (SL: Bogart Beck)

CEO's Real Life Location

Sacramento, CA USA

Board of Directors

The BTR Board of Directors shall be comprised of, at minimum, three (3) persons, nominated annually, with each person to serve a one year term to run concurrent with the BTR Fiscal Year (Jan. 1 - Dec. 31).

At minimum, One (1) Board Member shall be a bona fide INDEPENDENT OUTSIDE DIRECTOR.
(ie; having no direct responsibility for the day-to-day operation of BTR).

New Board Member nominations shall be accepted at the BTR Annual Shareholder Meeting, typically convened in early December of each year, or, at any other time as may be deemed appropriate and necessary by the Board of Directors at its sole discretion.

At formation, the Board of Directors is as follows;

Chairman and Chief Exectutive Officer:
Bogart Beck, Founder

Outside Directors:
Travis Ristow, CEO Innovative Index Fund (NDX)
Kubi Beam, former CEO Tropical Temptations (XXX)

UPDATE 08/01/2008: As part of an announced and Board of Director Approved REVERSE-MERGER, effective 07/31/2008 ALL (BTR) Shares were RETIRED and were subsequently replaced with ONE SHARE EACH of (BTX) and (BAY) in a direct stock swap.

Please refer to SL CapEx Forum announcements for this Merger at the following URL

http://www.slcapex.com/home/story/BTR/1811

Investors may review the Brittany Bay Resorts (BAY) Business Plan and Prospectus at the following URL

http://www.slcapex.com/symbol/BAY/profile

Cash on hand

1

Land owned

65535

Tangible Assets

1.00

Monthly Expenses

81125

Keepin' it REAL...

Foremost, thank you for taking an interest in the SL Capital Markets, and specifically for investigating BTR.

Investment in SL-based businesses can be a very FUN and EDUCATIONAL endeavor. The SL Economic Model has proven itself to be a realistic and resilient engine for many of us that spend considerable time here. Some are even able to derive real-world income from entrepreneurial pursuits within this fascinating environment.

Please accept the following broad caution as my personal gesture of goodwill to you - a potential friend and perhaps an investment partner;

(a) it's not easy - success here requires integrity, hard work, due diligence, and boundless determination.

(b) it's not risk-free - just like real-life, there are both winners and losers in this complex simulation.

Please, don't put at risk in your Second Life(tm) anything you can't afford to lose in your First Life (real), whether that's money, relationships, quality of life or any other RL metric.

AXIOM: (SL < RL) ALWAYS.

Regardless, I sincerely wish you good fortune in whatever compels you here.

Bogart Beck
BTR Founder

Business Overview

Beck Technical Research (BTR) is a publicly-traded Intellectual Property Development Company formed as part of an announced and formally approved Reverse-Merger of the Bo Beck Group, a company previously trading as (BBX) on the SL Capital Exchange, a virtual Stock Market simulation operating at http://www.slcapex.com

The Reverse-Merger was completed on 12/31/2007. The surviving entities, Beck Investment Group and Beck Technical Research, now trade seperately on the SL Capital Exchange as BIG & BTR respectively.

Briefly, for those unfamiliar with the Bo Beck Group (BBX), we were formerly organized as a DIVERSIFIED PORTFOLIO COMPANY with very disparate assets including;

an INDEX FUND (SL CapEx Stocks),
an ASSET MANAGEMENT SERVICES portfolio,
an ESCROW and TRUSTEE SERVICES portfolio,
an ART GALLERY (including the Original Artwork)
and various INTELLECTUAL PROPERTY RIGHTS including
an undeveloped DIGITAL RIGHTS MANAGEMENT concept
and several defensible Trademark(tm) Rights.

The Reverse-Merger was specifically proposed as an opportunity to better allocate those assets in a manner that would provide potentially greater returns for our existing shareholders and two "easier to understand" companies for potential new investors. At completion of the Reverse-Merger, the (BBX) shareholders recieved one (1) share each of (BIG) and (BTR) for each share of (BBX) held. ALL (BBX) shares were then RETIRED and the Bo Beck Group was subsequently DISSOLVED.

The surviving entities are organized as follows;

Beck Investment Group (BIG) - a pure-play Financial Services Company with the following assets;
==================
the INDEX FUND (SL CapEx Stocks),
the ASSET MANAGEMENT SERVICES portfolio,
the ESCROW and TRUSTEE SERVICES portfolio.

Beck Technical Research (BTR) - a pure-play Intellectual Property Development Company, which includes;
===================
the ART GALLERY (including the Original Artwork)
the INTELLECTUAL PROPERTY RIGHTS including
the DIGITAL RIGHTS MANAGEMENT product
and the Trademark(tm) portfolio.

The balance of THIS Prospectus will focus on the Business Strategy of Beck Technical Research (BTR).

Readers who may be interested in further information regarding the Beck Investment Group (BIG) are invited to review its Prospectus at http://www.slcapex.com/symbol/BIG/profile

UPDATED: 08/01/2008
===============
Effective 07/31/2008 Beck Technical Research completed a second REVERSE-MERGER which SPUN-OUT a stand-alone Publicly-traded entity known as ** Brittany Bay Resorts ** trading under the ticker Symbol (BAY) on SL Capital Exchange.

(BAY) is an SL Property Management Company primarily focused on the development and marketing of SIM properties on and around the Barbary Coast Estates Community in Second Life(tm). Please refer to the (BAY) Prospectus and Business Plan for further detail about Brittany Bay Resorts and Barbary Coast Estates.

Business Strategy

"What's an Intellectual Property Development Company?" ... and more importantly...
"Why would I park my precious $Lindens here?"

Fundamentally, BTR was conceived as a Technology Incubator where innovative SL ideas can be "fully-baked".

In simplest terms, BTR is structured somewhat like a RW Venture Capital Firm and a little bit like an academic think tank. Our mission is to to research, develop and deploy NEW technoloies that will enhance and/or extend the Second Life(tm) environment and community.

In selecting and investing in such ideas BTR will primarily focus on three objectives;

(a) Team Building. ALL IDEAS NEED A CHAMPION. In our experience the greatest determinator (sp?) in any venture boils down to the character, integrity and ultimately the chemistry and performance of the TEAM.

We MUST cultivate and fully mentor LEADERS for EACH New Product. This shall include specific coaching in the art of CORPORATE COMMUNICATION, the science of FINANCIAL REPORTING, and the discipline of RESPONSIBLE STEWARDSHIP.

(b) Clearly defined Product designs and "get to market" strategies. Innovation is as much about process and project management as it is about product. BTR shall not ship half-baked concepts... better late than lost.

In this era of "git 'er done" we'd rather "GET IT RIGHT" ... and will.

(c) Capital Formation and a clear Path to Profitability. Regardless of the underlying technologies involved, Entrepreneurism is ultimately about monetizing ideas. If a product or service concept cannot provide a reasonable return on investment for both the Shareholder and the Team why bother? ... we won't.

Business Strengths

Clearly our greatest Strength is the PEOPLE who have either engaged with us as Board Members, as our Investors or as part of the talent pool. It equally takes all three to form, fund and finish an idea.

We have been very fortunate to have found the gaggle of geeks (myself included) that frequent SL CapEx. In RL I've been involved in either Technology Development or Product Marketing for over 25 years. In that time I have rarely encountered a more dedicated, engaged and enthused group of individuals.

Collectively, I believe this cooperative represents the Best and Brightest SL has to offer. Organizationally, we will consciously and conspicuously seek to leverage that fellowship and camaraderie every day. BRING IT!

Use of Capital

NOTE: Revised 08/01/2008 to comply with LL's prohibition of "Guaranteed rate of return" financial products within SL.

Tactically, our hope is to develop a product pipeline that allows us launch a new concept once per quarter. This goal is aggressive and requires TALENT, TECHNOLOGY and TIMING. To even marginally achieve that audacious goal we'll need GREAT PEOPLE, GREAT IDEAS, good fortune and a WHOLE BUNCH OF CAPITAL.

Philosophically, we believe that EACH PRODUCT SUITE must STAND ON ITS OWN MERIT. To that end, we will embark on a funding strategy that, to my knowledge, has not previously been considered on SL CapEx although I'm quite sure it will be rapidly replicated by others once its benefit is fully understood. ;-)

Specifically, we will require our Product Teams to HELP RAISE THEIR OWN DEVELOPMENT CAPITAL versus simply cannibalizing the profits of other revenue streams in the BTR corporate coffers. This will accomplish two goals;

(a) It will give our Candidate Officers EXPERIENCE in the SL capital market environment. In terms of negotiation and effectively communicating with potential investors there is no better test than a Trial by Fire. Candidates will be required to draft and publish a Prospectus, a complete Product Desciption and a Marketing Plan at formation, not as an afterthought just prior to commercial launch.

(b) By SEGMENTING the funding of projects we believe we can better target and attract potential new Investors while concurrently helping to protect the incumbent investor pool through a rather simple risk mitigation strategy. Huh? ... Please allow me to illustrate, as follows;

For each significant product development effort BTR will help Fund and incubate the initial concepts and launch of the product. When (and if) the development effort achieves specific milestones (profitability, critical mass, etc.) BTR will then SPIN-OUT the NEWCO via a REVERSE-MERGER into its own stand-alone publicly-traded entity listed on the SL Capital Exchange. From that point forward the NEWCO will survive on its own merit.

BTR will typically retain a substantial portion of the NEWCO shares to provide return-on-investment and downstream revenue for BTR COMMON Shareholders. Assuming a successful product launch, this funding methodology also creates a viable EXIT STRATEGY for BTR and its Investors.

On a per-venture basis, Capital raised in the formation stage of each project will be used primarily as follows;

(a) to perfect the underlying intellectual property,
(b) to compensate the Product Management and Executive Team,
(c) to develop and communicate the Product Launch campaign and ongoing Marketing effort.
(d) to pay other general operating expenses such as tier fees, etc. where required.

From a corporate and fiscal oversight standpoint, BTR will require its incubation-stage entities to produce Monthly pro forma Financial Statements and communicate with the SL CapEx community in a manner that conforms 100% with Exchange policy and community standards. We believe this transparency to be critical for the longterm sustainability of each development effort. Competence breeds confidence.

Risk Factors

Capital Investment both in real-life and Second Life(tm) is fundamentally all about MANAGING RISK and is primarily about balancing the risk versus reward scenario. In any Investment opportunity there may be SUBSTANTIAL RISKS which must be thoroughly and diligently considered.

Specific to SL CapEx-based Investment REGARDLESS of whether you consider this activity to be simply STOCK MARKET GAME PLAY, an ECONOMIC SIMULATION, a TOY ECONOMY or a bona fide investment opportunity I implore you to familiarize yourself with both the Linden Lab Terms of Service (TOS) and the
SL Capital Exchange Terms of Service (TOS) contained at the following links; (these be the basic rules)

Linden Lab TOS: http://secondlife.com/corporate/tos.php
SL CapEx TOS: http://www.slcapex.com/content/info

TO BE CRYSTAL CLEAR: YOU COULD LOSE SOME OR ALL OF YOUR SL CAPITAL INVESTMENT! ($L's)

Prior to considering any investment one must identify, analyze and mitigate risk at both a macro-level (example; governmental, regulatory, operating environment, et al) and at an enterprise or micro-level
(ie; company, competition, etc.). Additionally, the potential risks must be considered from both an internal (controllable) and external (no control) standpoint. We have diligently considered the following potential risks;

MACRO-LEVEL: There has been community discussion within the last year as to whether (or when) governmental agencies might intervene within the SL Financial community from a regulatory or legislative standpoint. This is an external risk over which we have no control.

There has also been debate and dialogue regarding Linden Lab's support and ongoing administrative control over the unit of measure commonly called $Lindens on several fronts, including;

(a) CONVERSION of $Lindens to a LEGAL TENDER CURRENCY and the potential tax consequences thereof. Here, too, we have no control or authority. Players ar encouraged to seek their own counsel regarding any potential tax consequences in their local jurisdiction.

(b) Linden Lab's ability to MAINTAIN a STABLE ECONOMY as measured by the EXCHANGE RATE of $Lindens to US Dollars, the availability and pricing of virtual Real Estate within the SL environment, and various other user experience metrics as are published from time-to-time by LL and others.

Regardless of LL's apparent unwillingness to acknowledge its role as the CENTRAL BANKING AUTHORITY and MONETARY POLICY ADMINISTRATOR within SL, they DO CONTROL the $L:$US conversion rate and thus have totalitarian authority and sphere of influence over the $Linden Unit of Measure and its trade value within the overall SL Economy.

We additionally have little direct control over the SL technical environment or the innovations and feature sets it supports. Our OPPORTUNITY is in finding unique ways to thrive and survive within and adjacent to the boundaries of the SL Metaverse.

MICRO/ENTERPRISE-LEVEL: The majority of our internal risks are directly related to our ability to articulate and execute viable business strategies, and our ability to successfully develop and deploy technologies that add value within the SL community.

Innovation within the SL community is MARGINALLY DEFENSIBLE from a competitive standpoint. Most successful SL product concepts are mimicked and/or improved upon by others rather rapidly. Creative Marketing strategies and ontinual product and process improvement is required to attain or maintain any level of competitive advantage within SL.

A portion of our Intellectual Property portfolio may be defensible from either a Copyright(C), Trademark(tm) or Patent standpoint. While we can make no claim as to the longterm sustainability of such competitive position we do intend to vigorously protect such rights where practical and economically viable.

Management

As mentioned briefly elsewhere herein, the success or failure of any venture can generally be laid at the feet of its leadership. In considering the appropriate experience level and business accumen required of this venture it was very clear early-on in the formation process that the dynamics and chemistry between myself and the incumbent Board of Directors of the former Bo Beck Group (BBX) were ideal for THIS entity as one of its two successor companies.

Travis Ristow is a known quantity with PROVEN Corporate Governance experience within the SL Financial Community, having sucessfully founded both BCX Bank (ISE:BCX) and SL RISK (ACE:RIS). He has also cultivated subject matter expertise in SL Acquisitions via the Innovative Index Fund (SL CapEx: NDX) and the art of corporate TURN-AROUND's and recovery plans via his acquisition and subsequent sale of what is now trading as the Sky Power Fund (SL CapEx: POW).

Kubi Beam is arguably one of the most successful independent investors within the SL Capital Markets, holding either substantial or controlling interests in MOST of the securities that trade on the SL Capital Exchange. Kubi currently shepherds the Tropical Temptations SIM (SL CapEx: XXX) and serves as a Board member for several companies within the community. Always a voice of reason and thoughtful contribution, Mr. beam is a quiet giant within the community and I am pleased to have him as an outside Director.

My own experiences as the incumbent CEO and interim CFO of the SL Capital Exchange itself (SLCX), as well as my role in the formation and sucessful launch of the Bo Beck Group I believe positions this entity for success in whatever projects we undertake.

As outlined elsewhere herein, our strategy is clearly to recruit and retain the best qualified candidates for each product development effort we commission. We will consistently look for direct subject matter expertise in the principle disciplines each project requires and will compensate in such a manner that those persons we retain are rewarded and feel valued by the enterprise.

If YOU have a product concept or specific expertise we should know about please feel free to IM me in world, or drop me a message in the forums or via email - Bogart.Beck@GMail.com .

I wish you THE BEST in your Investment endeavors!

God Bless,

Bogart Beck
BTR Founder