Munito Jacobus Announces New Shareholders Headquarters for PBA

Penny Blue Association Gets New Place to Hold Meetings

For SLReports.net

The Penny Blue Association (PBA : VSTEX) CEO Munito Jacobus announced recently that he had acquired a small place located a replica of the ancient Croatian town of Dubrovnik.

"As you may know, PBA was not linked to any location in SL. For that reason, I have decided to open a little place where shareholders can meet. It will also be used for shareholders' meetings." Jacobus said in the official press release. "For any of you who loves to see extraordinary builds in SL, this location is definitely a MUST SEE. It must be noted that I am quite subjective here since I am a Croatian. The rent for this place will be paid from my stipend so it will not affect PBA's expense side. Also, we are in a preparation phase for opening our business office which can be expected in a couple of weeks time."

On November 1st PBA(VSTEX) announced their financials and position relative to the change in Openspace Policy.

"During October we have made an additional capital increase selling 100,000 stock options at L$0.30 each collecting L$ 29,100 which increased PBA's paid in capital to L$ 188,200. Overall we had a good month. New LL land policy does not bother us since our land activities are minimal. However, a large portion of our assets is invested into companies operating on real estate market so we will see how will they manage to adjust to this situation. Also, a large portion of our assets is still locked on WSE.

"Net income totaled to L$18,280 out of which L$3,000 was paid out in dividends.

"For next month we expect a decrease in net income."