World Stock Exchange News
WSE REDEFINING BUSINESS IN THE VIRTUAL WORLD
Date: September 09, 2007FOR IMMEDIATE RELEASE - 9TH SEPTEMBER 2007
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www.wselive.com
WORLDWIDE: The World Stock Exchange has now completed Stage 1 of WSE 4.0. The World Stock Exchange now has full financial reporting capabilities with automatic reporting of key data from the WSE reporting system and full integration of reports generated from SL-Account.com available to the market on the Company Profile page located at http://www.wselive.com/research
Financial reporting systems have always been part of the WSE's strategy and development phase and are an integral step towards enhancing transparency that results in shareholders being able to make more informed decisions while minimising risk.
WSE Financial Reports include:
- Revenue
- Expenditure
- Earnings
- CAPEX
- Cash on Hand
- Land Owned
- Land Value per Sqm.
- Investments
- Liabilities
- Buildings
- Equipment
- Inventory
- P/E Ratio
- NTA
- EPS
SL-Account.com Reports Include:
- Income Statement
- Balance Sheet
- Cash flow Statement
The WSE requires all listed companies post a financial report every 30 days or announce their intention to post key financial data quarterly.
We expect to complete the final stages of WSE 4.0 within 14 days that will include:
- Full Shareholder voting on proposed resolutions and general announcements
- Ability for all users to assign a rating on companies
- Ability for users to view and rate all IPO applications as part of the approval process allowing the WSE to gain market interest prior to approving an IPO
- Market Analyst services allowing analysts to post reports and buy ratings on companies.
We are continuing our review of all businesses on the WSE to ensure they are adhering to the WSE terms, organising IPO’s and amending the Listing Rules and Constitution to be clearer for virtual CEOs who may not understand some of the terminology.
The WSE has reached a phase from being an experiment in an untested medium and has now evolved into a leading fictional stock market game that can be played by users all over the world without the need to use or have Second Life. As we continue to move forward and develop new services the WSE will attract lots of new users resulting in lots of new capital into the market that will help virtual businesses start, expand and develop while increasing the demand for shares in virtual companies across the WSE.
We have now achieved over 24,358 accounts, IPOs on the WSE have raised virtual businesses over L$125 million linden dollars and $1250.60 WICS, Secondary offers have raised over L$21 million and $2500 WICS with Total Exchange Turnover exceeding L$472 million.
ABOUT SL-ACCOUNT
SL-account provides Second Life based business with a complete accounting and reporting service. Users simply download the full transaction history using the business avatar every 14 days from SecondLife.com and then upload the xml file to SL-Account.com.
Once the transaction history has been installed by the SL-Account system the user simply needs to assign categories to all income and expenses such as payroll, tier etc. SL-Account.com will automatically create professional financial statements for the business such as a Profit and Loss Statement, Balance Sheet, Cash Flow Statement and key ratios such as Return on Assets, Net Profit Margin, EPS, P/E Ratio, Dividend Yield and Dividend Payout.
Users also have the ability to view reports by category allowing management to better track payments to individual employees, or income from different divisions.
The World Stock Exchange encourages all Second Life based business who operate with Linden dollars to use this service as it provides an efficient, low cost way for management track the financial operations of the business while providing shareholders and investors with the information they need to make informed investment decisions.
ABOUT WORLD STOCK EXCHANGE
World Stock Exchange (WSE) is the leading fictional securities exchange developed for use in virtual worlds such as Second Life. The exchange provides Virtual companies with the ability to raise capital using the fictional Linden and World Internet Currencies.
The World Stock Exchange includes enhanced security features such as 256-bit SSL encryption, Risk API for Second Life residents along with the ability for general Internet users with a browser to trade on the World Stock Exchange using the World Internet Currency.
The World Internet Currency acts as one fictional currency bridging the gap between the real and virtual worlds. This will encourage growth in the virtual economies around the world especially in Second Life while providing the everyday Internet users with the ability to LEARN - HAVE FUN AND PROFIT.
By visiting and using the World Stock Exchange website (www.wselive.com) you will be accepting the WSE Terms of Service ("TOS" located on www.wselive.com. Please read them carefully and if you disagree with the TOS in any way, then do not use the web site or services provided by the World Stock Exchange.
'2004 – '06 were the years of Google, YouTube & MySpace
'2007 – '09 will be the years of IPTV, Wikipedia, FaceBook, Second Life and the World Stock Exchange!
Media Contacts:
(Second Life)
LukeConnell Vandeverre
Chairman & CEO
World Stock Exchange(WSE) and Hope Capital Ltd.(HCL)
Kay Noble
CEO
SL-Account.com
kay@sl-account.com
MouzurX Wise
European PR contact and WSE Concierge
World Stock Exchange(WSE) and Hope Capital Ltd.
(Real Life):
Luke Connell
Managing Director, Hope Capital
info@hopecapital.com.au
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