BNT: Brautigan & Tuck Holdings

Developing Space. Inspiring Growth. Realizing Dreams.

Total shares: 63,000,000

Prospectus

Company Tagline

Developing Space. Inspirining Growth. Realizing Dreams.

CEO's Real Life Name

Michael Lorrey

CEO's Real Life Location

Grantham, New Hampshire

Board of Directors

Chairman - IntLibber Brautigan
Vice Chair - Robustus Hax
President - Kaddan Yue
COO - Dylan Talon
Director - Thor Columbia
Director - Cliff Eclipse
Director - Ashleigh Wade

Cash on hand

500000

Land owned

2173000

Tangible Assets

40000000.00

Monthly Income

11000000

Monthly Expenses

10650000

Letter from the Chairman

Since long before joining SL, I've studied and gamed theories of living and transacting commerce in an economy with exponential growth and unlimited potential. Since joining SL last September, I have applied these ideas to my business activities to date: Financing my first half sim in mid October themed on the novel Snow Crash (and paying off a 5 month note in two months) through My Second Bank, going on to launch the Surreal BT Estate and its continent of Ancapistan in late December with 9 sims, and building a company stable of 13 sims to date of various types, with the finest infrastructure and services in SL: top notch roads and sidewalks, the only working subway system in SL (three lines, no less), streetlights, infocenters, ATMs and news vendors, as well as top notch sim security of automated and human types. We have ordered 23 sims to date and expect delivery within a week.

In this time, we have subdivided and sold out our sims almost completely, built a number of major buildings for ourselves and our clients (including the Hope Capital Centre, Empire Capital, Citta Ruwart Shopping, the Island of Wailoa in Peret, the VCE building, The Lorrey Tower and Lorrey Trade Tower, as well as the full scale World Trade Center in Friedman, the new AVIX Exchange, and the Stephensonian Institution building). We have developed innovative products, like the Stone Brewery's for-profit beer kegs vending temporary beers, the Ng Security Rat Thing agent profiler system, Snooze n Cruise's Beach Blanket Bingo, all while fighting an active campaign against the scourge of griefing across SL.

Brautigan & Tuck is now poised and ready to take the next step in its evolution. I originally founded this company not for wealth or fame, but to create a way to work from home and financially support my ill elderly parents. Achieving that has been the motive for my unrelenting drive for success, which has resulted in turning a few hundred USD investment one year ago into a firm with an auction value of at least 173,900 USD. The next step in this evolution will require the assistance of many others in SL believing in our vision, seeing the potential of SL, but also being committed to making that vision happen.

I believe that when a person makes the conscious commitment to achieve something, not to just try, that the universe will reorder itself to help them reach that goal. This is not necessarily a spiritual analogy, but the observation that creativity, dedication, and perseverence attracts the things that make dreams possible to achieve: capital, powerful connections, the respect of ones peers and staff, and most of all, the enthusiasm of the market.

With the end of Linden Labs' First Land program, it is that much harder for a newbie to catch a break in SL, even when that break was often accompanied by unscrupulous developers. The end of wagering has forced the SL economy to migrate from Las Vegas to Wall Street, and BNT's focus on business and finance put it at the forefront of this migration.

Since first starting, I've sought to mentor and encourage newbies to achieve their dreams, financially backing some of the more promising. With the IPO of Brautigan & Tuck, the avatar on the street can once again profit from the great land boom in SL, by investing in B&T directly. No other company in SL offers this opportunity so directly, I encourage all to take advantage of this, and work with us at B&T to achieve all of our dreams.

Business Overview

BnT Holdings, founded in October 2006, offers exceptional opportunities in land, office space and employment. With approximately 40 Class 5 sims featuring roadways and a functioning subway system that travels throughout a majority of the Ancapistan estates, BnT Holdings is a cutting edge company on the rise, and is the largest publicly traded estate company in SL, IPOing first on the WSE in April of 2007 with a record L$13.5 million initial offering.

Its Ancapistan estates house “North,” the most detailed orientation island in Second Life. North provides new residents the opportunity to learn an abundance of SL basics, as well as other advanced aspects of in-world living. This facility will be used to funnel new SL registrants who sign up on BNT's own website in response to the upcoming heavy advertisment in RL financial media by BNT to drive RL investor class persons into SL for opportunities.

Additionally, BnT Holdings offers top-notch protection to its inhabitants, including the services of NG Security.

Entertainment venues include The Black Sun Nightclub, Snooze “n” Cruise Beach Club and Stossel Pier Beach Mall, while The New Atlantis Wedding Acropolis welcomes those who seek a tropical setting for a partnering paradise.

Currently, we are opening the Ancapistan Capital Exchange (ACE) in the Venture Square sim, scheduled to open in October 2007. The features of the new exchange, combined with the host of other high-quality services that BnT has built its reputation upon, demonstrates that its continued growth and prosperity enables it to remains a popular trendsetter in Second Life.

Business Strategy

B&T's business strategy has been to focus laser-like on getting the job done with quality. Our sims are testament to that ethic: the finest roads and sidewalks, the only subways in SL, the best estate security. The sims of Lorrey and Friedman receive regular visits from folks like Philip Linden, who show these sims as examples of excellence in SL.

These features offer great value to our residents beyond the market competitive prices we charge. We price our product above or near market averages while delivering top-end quality that people appreciate. This attracts valuable anchor residents, like Merczateers, MFM, Teller Speedways, Ron Paul for President, SLPay, Wickster Worldwide, Vanguard, Doll City, Free Talk Live, Rock Insurance, and Maddux Furnishings, among others, which raise property values with their arrival.

Business Strengths

We started off with a price advantage over the competition: our first major sim buy was 10 class 5 sims at old class 4 pricing. Once we started our IPO purchasing of new sims, we were able to obtain 10 used sims for only 1000 US each, four of which were paying the old tier of 195 per month as well. Capitalizing on price advantages has enabled us to not only succeed in good times, but survive the difficult times of this past summer's recession.

B&T is also innovative, in bringing consumer products to SL that are RL branded, creating new security products and services, innovating new business models for architecture and construction, and much more. We have built some of the most advanced facilities in SL that are recognised by visitors.

Our size, experience, and professionalism attract RL corporate types who are looking for professional partners inworld. Our positive, bright, urban infrastructure is appreciated by them as well, as most RL businesspeople look for what they are used to seeing, a comfort zone.

B&T has also been at the forefront of proactive efforts to end the scourge of griefing in SL. While others either look the other way, or ignore the problem, and still others try to pay off the miscreants to be left alone, B&T has been agressive in both taking the fight to the enemy, penetrating griefer groups with intelligence operatives, while at the same time raising public awareness and outrage at official negligence in ending the means by which SL is infiltrated by criminals. We have prevented a large number of attacks on our estate, furry sims, as well as attacks on Clinton and Obama campaign offices. One of the primary groups we've combatted is now widely considered a joke even among other griefers.

Use of Capital

Capital raised: L$13,493,123 = 49,065 USD @ 275 L$/USD

Cost of Sims: 469000 L$ each x 23 = 10,500,000 L$

Tier Reserves: L$3,731,750 (2nd month, from cash on hand, interest, excess IPO funds, and future stock profits/dividends).

These sims are laid out by the map play on display at the Lorrey Tower lobby in Lorrey Region, with roads laid across most sims (excepting water sims and sims ordered for historical/fictional RP purposes).

Total minimum salable land (Sim area minus road parcels retained by BNT): 2,173,000 sm
Avg retail price/sqm: 7 L$/sqm (est Oct 15, 2007 market prices)
Avt retail tier: 1.9L$/sqm

Total 1st mo tier revenue: 4128700 L$
Monthly Tier Cost: 2728175L$

Avg B&T land cost/sqm: 6.16L$/sqm
Avt B&T monthly tier cost/sqm: 1.26L$/sqm

Est Land Sales Revenues Potential: 15211000
Land Sales Profit Margin: 13.6%
Est Land Sales Profit: 2074277 L$
Tier Profit Margin: 51%
Est Monthly Tier Gross Profit (new sims only): 1.386 Million L$

Expenses:
Labor, Bonuses: 1,000,000 L$
Advertising/Marketing: 200,000L$
R&D: 500,000L$
Capital Investments: 1,000,000L$

Additional Revenues:
Construction Commissions:L$ 500,000
Product Sales: L$ 100,000

Net Profits/ Month: L$ 900,000

Risk Factors

- SL suddenly becomes the thing to not do: With CBS/Showtime TV show "The L Word", filmed in SL, becoming enormously popular, this is unlikely.
- RL Governments tax SL commmerce: US congress is holding hearings, and even some fools in SL want RL government regulation rather than community self-regulatory agencies.
- A competitor to LL creates a better world: while some virtual worlds do provide a more up to date simulation environment, none provide the economic features of SL.
- Too many developers create a glut of land available. If this evinced itself, we'd have seen some dip in land price escalation. SL user numbers are growing faster than developer numbers, its a rather mathematical exercise. Gluts result from too much of the same thing. We strive to offer product excellence beyond what is seen in other areas of SL.
- Key players caught in Risk API web: the faulty LL Risk API may question too many transactions of key players and seize their accounts, as done to Nexxus Ambassador. This is a real risk that can only be protected by Key Man Insurance.
- Protection of Company Work Product. Along with Key Man issues, comes issues of control of the intellectual property created by persons in the employ of B&T on a for-hire basis under IP law. It is only by retaining full rights to paid-for work product that physical plant asset value can be retained in a form that is modifiable by future staff. To resolve this issue, B&T has registered with Linden Labs as a developer and has reserved the last name "BnT" for use by its employees, much as staff of LL use the name "Linden" and Anshe Chung use the name "ACS".
- Interference in Estate Operations: We've already run into this issue, as the Surreal BT estate's official owner, Cerze Ophelia, has been MIA for more than a month now. To mitigate the possible risk of long term problems from this, we've begun heavily lobbying LL at all levels for a positive resolution involving transfer of the existing sims to IntLibber Brautigan's direct control.

Management

CEO - IntLibber Brautigan
President - Kaddan Yue
COO - Dylan Talon
VP Finance - Cliff Eclipse
VP Engineering - Cindi Maddux
VP Technology - Yukiko Omegamu
VP Communication - Bethany Slade
VP Credit Services - Kitila Cortes
VP Sales/HR - Kaddan Yue