LEM:CAPX is pleased to announce a strategic partnership with BOTS:CAPX. Such alliance will diversify our portfolio and make it more active for the benefits of its shareholders. BOTS is a technology company with amazing products, designed to make SL a more pleasant environment for virtual business owners but also for avatars in general.
The business model of BOTS persuaded LEM. As long as SL is developping as a virtual environment also the bots business will grow. Personally, we wait to the moment to have a bot ourselves for acting at SLCAPEX...lol....that was a joke.
Seriously, the financial figures are sound, a decent dividend is paid but more important, there is strong personal commitment of the owners of BOTS for future development. The existing products have still growth potential but new products are in the pipeline as well. All those facts together are convincing enough for us to build up such a partnership.
BOTS just has paid a dividend (0,02 $L/share) for October 2011 and is trading right now at 1.15$L.
There will be a shareholder meeting on 6th November 2011, were different information about the recent developement and future prospects will be given. Included in this is a preview on new products which are in the pipeline. Don't miss this event. Further information can be found on the company announcement page at CAPEX.
LEM will finance the partnership with a long term loan at interesting conditions. it will appear in the financial report for November 2011.
Greetz
Casper Trebuchet
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