MindArk: MindArk buys back Calypso Deeds

NotAdmin · Oct 26, 2012

Another day, another press release...

GOTHENBURG, Sweden, Oct. 26, 2012 /PRNewswire/ -- MindArk, the developer of the largest Massively Multiplayer Online Real Cash Economy (or MMORCE), announced today that to celebrate the one-year anniversary of the Calypso Land Deed event, MindArk will offer 5,000 deeds at US$115 each. The land deeds provide revenue sharing to participants so players can receive a share in the Planet Partner gross revenue of Calypso and the first deeds will be made available from the in-game auction on Thursday, November 1, 2012.

One year ago sixty thousand Calypso land deeds were offered at US$100 each and were available through the in-game auction system. MindArk has now negotiated a buyback of 5,000 deeds out of the 25,000 acquired by one single investor. By performing a buyback of these deeds from one investor, the company will be able to redistribute the deeds more evenly and allow more players to join in.

"We are happy to have negotiated this excellent offer for our participants. As most of the 5000 deeds will be placed on the auction individually we hope many more users will take the chance to be part of this ground breaking program," said David Simmonds, CEO of MindArk.

Since their introduction eleven months ago, each of the 60,000 deeds has paid out US$22.00. This is a 24% annual return on the original investment of US$100 per deed. Currently, deeds trade at US$130 on the in-game auction, leaving an annual return of about 18% on investment. Based on the audited revenue sharing for Planet Calypso over the last 6 months, the return to deed holders has totaled US$708,573.00.

MindArk is the developer and publisher of Entropia Universe, the largest Massively Multiplayer Online Real Cash Economy (MMORCE) game in the world. Players have no monthly costs, but deposit and withdraw real funds for their adventures on any planet in the Entropia Universe. For more information on Entropia Universe or to download the free game please visit www.entropiauniverse.com.

About MindArk
MindArk is the developer and publisher of Entropia Universe, a game space that encompasses multiple planet partners each with their own unique setting and gameplay style. As the largest real economy Massively Multiplayer Online Game in the world Entropia Universe offers players the ability to participate in a unique virtual world where they have no monthly costs. Its innovative real money economy uses a virtual currency which has a fixed exchange rate with the US dollar. This allows players to deposit and withdraw real funds for their adventures on any virtual planet or in the real world. Planet Calypso uses a state of the art graphics engine to deliver the highest quality visuals in an MMO today.

For more information on MindArk please contact us at the email below or go to our website at http://www.mindark.com.

MindArk Media:David Tractenberg
(310) 453-2050 x111
david@tractionpr.com
SOURCE MindArk
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http://www.itnewsonline.com/showprnstory.php?storyid=241033

Wistrel · Oct 26, 2012

interesting... now the question is... to buy more or not to buy more...

Wistrel · Oct 26, 2012

by my rough calcs... if MA are not profiting from that buyback and resell (but they almost certainly are) that person would have made £83727 so far this year (assuming they had the deeds from Jan - which of course they did not)

Wistrel

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