Feb 27th 2012, 09:05 GVC GVConsulting
by Kafka Frugel

GVC General Updates February 2012

Greetings all,

February 2012 has been an eventful month for GVC as we ramp up new projects and maintain older ones. Here are particularly important notes for the month.

GVC has extracted 700,000 Lindens from the IPO - as previously reported - for the purposes of developing augmented reality technologies. These numbers will be reflected in the February financial report.

In line with that portion of our work, we have announced winners of the sculpture contest and have begun planning for extracting real life to second life and vice versa using augmented reality. Personally, I (Kafka) am very excited about this developing project.

Importantly, nearly every relevant project to date is proceeding as planned. Case in point is the CHAT project, where the website has finally come to fruition, and we think it is stunning: http://northchick.org. We worked with firm Area203 on this project. Development of the SL presence is in the works.

One area of struggle remains "accounts receivable", where individuals and entities are simply not taking care of what they owe the company. While we at GVC seek to exercise patience, this default sort of attitude can not extend much further into the future. Our hope is to recoup balances owed as soon as possible.

Nevertheless, profits will be solid, even with the IPO fund use calculated in the profit and loss statement.

Lastly, we are excited about our new partnership with Troy Tomasso and AMF, and look forward to continuing to work closely with SEC and Simone Peterman, whom we support fully.

Take care,

Kafka Frugel