SLG Will Have Negligible Impact on VSTEX

The Virtual Stock Exchange (VSTEX) announced today that while November was a disappointing month with less trading activity, and therefore less profit, than the month of October, that the exchange is still in The Black, and expects the Active Trader Program in December to keep the company profitable enough to enable a Quarter 4 dividend payout.

"First off, the loss of Sri Laxmi Ganapathi Ventures (SLG) will have a negligible impact on us. The loss in commissions is estimated only in 600L$/month, about a 0.69% over our estimated November revenues." Samantha Goldflake, VSTEX Communication and Public Relations Director, said in today's press release, "A bigger impact will have the refund of SecondFootball championship fees; Vstex Company was set to manage the second edition of the Italian Football League on the SecondFootball platform, but we had to change our plans, so collected funds are being returned and will affect both November and December 2008."

SLG(ACE) unexpectedly delisted from VSTEX yesterday and relisted at the Ancapistan Capital Exchange(ACE), a migration that went smoothly on both sides of the transaction.

"No more expenses are expected during the month and despite the negative hits mentioned earlier we're still in the black. Net profit is not expected to be large, but October was a good month and can let us foresee the possibility to issue a quarterly dividend, at the end of Q4," Goldflake forecasted.

Goldflake added, "The outlook is bright for us. WNB Italian Lands (ITA) CEO Mr. Alecx Writer has informed us that he likes the idea of the continued listing fee. He reckons the value of his VSTEX listing and the level of support he gets on our exchange. He also said that in the long run the VSTEX will host only solid, sound businesses, which will turn to be a good thing for every issuer. Another strong supporter was found in Valentine Heart Inc. (VHI) where the CEO, Mr. Bart Heart could not wait until January 2009 to pay the continued listing fee. Yesterday we awarded him 2,000VST shares as a bonus for the one-time payment and of course VHI will be covered for the full year 2009. Companies trading on our exchange in 2009 will experience a lot of positive changes. Forward looking CEOs won't miss this chance for sure."