VSTEX Final Details Announced Regarding Continued Listing Fee

CEO's Can Choose Between VSTEX Shares or Football Advertising

For SLReports.net

As per the recently ammended "Section C - Issuer Listing Fees" on the Virtual Stock Exchange (VSTEX), the L$12,000 Annual Continued Listing Fee that each listed company is to pay, the VSTEX today announced the final details pertaining to the fee.

The VSTEX charges a non-refundable L$1,000 application fee, and a listing fee ranging between L$1,000 and L$10,000 to each company upon it's listing on the VSTEX, depending on the size of the company.

The new annual L$12,000 fee represents a larger sum than even the largest company would be required to pay to either relist or IPO on VSTEX.

On September 25, 2008 the VSTEX announced that each company listed on the exchange would be allowed free advertising in it's SecondFootball circuit, with field-side advertisments similar to what is seen in real life stadiums. There are over 100 Football Fields in the SecondFootball circuit.

The VSTEX also recently announced that for the month of January, 2009 the top 3 companies generating the most trading commissions will get back 1/12 of fees collected (equal to a 0.25% over the standard 3% commission).

"This is a new way for companies to earn money on our exchange, by stimulating and promoting trading on their stock," Samantha Goldflake, VSTEX Communications and Public Relations Director, stated in the November 17th press release.

Announced today are the two options that each listed company has to choose from in paying the L$12,000 fee. The first is to pay the fee completely upfront, which will entitle the firm to a bonus of 2,000 shares of VSTEX stock. The second option is to split the payment into three L$4,000 installments to be paid in January, February, and March 2009.