Aug 31st 2008, 09:23 SLIB SLIB, SL International Business
by Tyrian Camilo

Financial Reports

Mostly our financial reports are submitted in our inworld group only on a monthly basis.

Recent notices from ACE made me realise they have not been posted here.

Here is 30/June Report:

SL International Business (SLIB) 30th of June, 2008
Financial Report

Summary
----------

June has been eventfull, and jumpy. Clear signs that summer has hit, and summer sales are going on, which means very low sales. While, some days proof to be
golden and very sales rich, the average is clearly less than a last month.

Linden Lab stopped the land flood, however, this time, Linden Lab has left the market very uncertain, unlike expected, the prices did not raise that much, skyrocketed for a few days, and then took a downward turn. Second Life Real Estate is really nothing into which "store value", or resembles nothing like real life markets anymore. Overall demand seems to be lowish.

Business development wise this has been excellent month, with new additions and energy behind SLIB. Also, progressing ACE recovery is a good step forward.

Finances
----------

We expanded wildly our mainland holdings with outside investor funding, in a speculative move. It hasn't been as profitable as we had hoped for, due to prices not
increasing as much as expected. However, the land flood was immense, so the stable rise in prices is a little bit delayed one.

Good sales days come close to daily profit record levels, but average day is very slow sales wise. This might be explained easily as well with the move to larger parcel sizes mostly.

Exchanges
WSE Portfolio: 0,00L$
SL Capex Portfolio: 10 737,08L$
VsTex Portfolio: 44 077,78L$
ANCAPEX 765 796,04L$
ISE Portfolio 281 836,37L$

Real Estate
Mainland 348 912sqm
Estates Vacant 99 056sqm
Islands 10
Mainland, past month 2 480 764,32L$ 7,11L$/sqm
Mainland Value, all time 3 376 825,74L$ 9,68L$/sqm
Estates Vacant Land 157 499,04L$ 1,59L$/sqm
Islands Value 2 740 000,00L$

Loans
Mortgages 0,00L$
Receivable credit 453 715,63L$

Other
Group Limbos 0,00L$
Misc. Receivables 0,00L$
Equipment 1 883 454,28L$
Inventory 73 000,00L$

Total Assets
Liquid 494 221,00L$
Cash on hand 494 221,00L$
Total Assets 9 398 955,54L$

Liabilities
Reimburseable left 1 099 739,73L$
Stock Buybacks left 2 284 406,40L$
Debt 3 250 000,00L$
Total 6 634 146,13L$

Bottomline
Bottomline profit 2 764 809,41L$