STUDIO 777™ in Second Life® Closes Initial Public Offering On Capital Exchange

Largest IPO Ever Sells Out and Joins #1 Stock Market Simulation Game!




NEW YORK AND SECOND LIFE -- June 23, 2014 — STUDIO 777™ (CAPEX: FUN), the #1 Skill Gaming Nightclub, Mall and Resort in the Second Life® virtual world since 2009, announced today that it has closed its previously announced initial public offering of shares of its common stock. STUDIO 777 sold 4,000,000 shares in the offering, representing 20% of the Company, resulting in net proceeds of approximately L$5,760,600 Linden Dollars after deducting the underwriting commissions.

The shares are expected to begin trading under the symbol “FUN" on the Capital Exchange Stock Market Simulation Game on June 23, 2014 at http://www.slcapex.com/trades/symbol/FUN.

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