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The Past Nineteen Days

Submitted by: Rezzations (REZ)
Date: May 31, 2007

Current and Potential Shareholders,

Our IPO sold out nineteen days ago.

May has been a good month for Rezzations. Our IPO sold out in a matter of days (less than 48 hours) and we immediately put those funds to use in updating our Trivia Stadium line from its current v1.3 state to the almost-ready v2.0. It's been a fun and innovative complete rewrite of all the code that included the creation of a web-based administration system for all Trivia Stadium owners.

With our IPO funds, we were able to contract one of the most talented and sought-after scripters in Second Life, Ming Chen, who has recently accepted an invitation to also join our Board. Ming is currently at work on the DeepGrid project, an open-source SL simulator that will allow anyone to host islands on their own systems. I have been working with him for over a year now and his professionalism, expertise and skill never cease to amaze me.

We also secured a dedicated server for the company and paid its fees for six months to take advantage of a pre-payment discount at our datacenter.

We have rented a low-prim island to serve as our in-world home until the company's income supports -- and more importantly, justifies -- an island of our own. Right now, we simply don't need one and the costs associated with getting one would have been wasteful.

We also used the IPO funds to license Timeless Prototype's ground-breaking multi-chair technology to include in our products. Some have asked me why would we do such a thing? Well, for one, we believe in giving credit where credit is due and Timeless' multi-chair technology is really cool; we want to make sure we give a nod to him for developing it and including it in every Multi-Gadget sold. Secondly, licensing technology from well-known scripters adds name recognition to our product lines and our company. You see, our it's not just a Trivia Stadium -- it's a Trivia Stadium featuring multi-chair technology by Timeless Prototype.

We also licensed a wicked one-prim sculpted chair created by Photon Pink. It was a relatively small expense, but will add that little bit of cool to the stadium that I feel was lacking in the previous versions.

We also used some of the IPO funds to purchase some in-world prefab buildings (cheaper than getting them custom made) and the entire Hippo line of web-enabled vendors, announcement signs and rental cubes.

IPO funds have yet to spent on advertising and we have tagged between 100,000 and 150,000 solely for that purpose.

Since our IPO closed on May 12, we have been in active trading for just 19 days. We have been moving fast in the past 19 days and we are very happy with the direction we are heading. Buzz is being generated around the new stadium as we put the finishing touches on it.

We wanted to give back to our shareholders and paid two dividends totaling L$79,383.33 since our IPO sold out. These dividends were not from our IPO funds, but drew from company profits since the beginning of May, BEFORE our IPO. This was our way of saying "Thank You" for investing in REZ.

Like I said, we are excited about the direction we are going.

To a Prosperous Future,
Aaron Levy, C.E.O.

P.S. If you would like to join us in our island real estate endeavor, check out Genesis Island (GEN), currently in IPO.

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