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        Crystal Springs Virtual Capital (CSV) News:
         
        2008-04-08
        Statement On New Land Pricing For CSVC
         
        Business plan only being modified slightly - results should be positive in the long run

        Crystal Springs Virtual Capital currently owns only two sims, and rents most of the land out to residents.  Since tier fee pricing by Linden Lab is not changing, rental prices shouldn't change at all either.  This means that Crystal Springs Virtual Capital's business plan for sim development is still the same, and still very solid.

        As for loans, Crystal Springs Virtual Capital still plans on offering two sim loans for income.  The only difference is that these sims will be purchased for $1000 US instead of $1675 US.  If there is enough capital and demand, perhaps three sims loans will be done instead of just two.  Crystal Springs Virtual Capital management will make the decision in May after seeing how the overall market reacts to these lower sim prices.

        Other business ventures that Crystal Springs Virtual Capital is currently involved in shouldn't be adversely affected by the new lower sim pricing plan.

        CEO Oceanlane wishes to state that he still feels Crystal Springs Virtual Capital IPO is a good buy, and will still be able to deliver a monthly dividend to investors.  There are still many good investment opportunities within Second Life, and Crystal Springs Virtual Capital will try to be a part of them.


         
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