Forums > Virtual Groundworks > Topic: News Story: Update and forecast VGW
|Jan 20th 2012, 08:47
|News Story: Update and forecast VGW|
We are very pleased to bring you another update on our Estates. Its a rather large update, but we would like to bring you as an investor up to speed on our progressions.
On the 6th of January we already informed you of our upcoming expansion and are now pleased to announce that we have successfully acquired another Region for our Foreverland Estates, Foreverland III and we have bought another Region called TreeSong , which is part of an Ice Hockey community called GOHA.
We have worked real hard this last week to shape up the new Region in a beautiful countryside theme and it is now open to new Residents that want to be part of the breedable community. Foreverland now contains 3 sims, 2 countryside sims and a central area with a land center/business center and the famous Prim-Pets mall. At this moment we are decorating the landcenter which is a showcase of all Regions we have at this moment including a gateway to our mall.
The Prim-Pets mall on Foreverland is looking promising, due to events to bring in Merchants. We would like to encourage you to come take a look at this breedable mall. This mall is recently reopened. This Sim – wide mall has about 30 pet shops, all fully rented, 20 stalls and 20 stands. In the near future we will start with pet auctions there and many more activities.
In order to maximize the use of the land (6 full prim regions and a homestead) we have decided to merge the central hub for the Prim-Pets and the Keahou Beach Estates. The main reason for this merge is to cut back on too much overhead with the use of two central hubs, it also combines the traffic on both the Landcenter and the Mall which will create a new synergy. We will let go of the Homestead and carry on our business on the six full prim Regions.
TreeSong Is a Region that is situated up the east of our current Estates and we were able to take over this Region with existing Residents on it. We are also in the process of looking for new opportunities to bring in even more revenues for this new Region. As of today we have already managed to get a small margin on this Region with the current Residents on it and will count towards the total Revenue of VG. This was not a planned purchase, but a chance we could not let go by.
Based on our Dividend Policy we are looking to pay out at least L$ 0.01 dividend per share and we will pay out the Dividend before the 1st of February.
Thank you all for your interest and if you still have not participated in our company, please consider buying your portion of shares, the price of the share is very attractive.
If you have any questions, please contact me inworld, we are happy to show you around on any of our Estates, or post a remark in our Forum.
All the best,
CEO Virtual Groundworks (VGW)
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