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10/18/07 10:23 PM

#1733 RE: Ranzy MD #1732

Simulated Environment Concepts
http://www.spacapsule.com/

price per share valuation
Based on revenue 3's given in today presentation
http://www.visualwebcaster.com/ValueRich/42896/event.html

3,500,000.00 projected revenue 2007 (conservative)

0.50 margin -http://investorshub.advfn.com/boards/read_msg.asp?message_id=23816174

1,750,000.00 profit per year

80,318,487.00 Outstanding Shares - as of Oct 17, 2007 -http://investorshub.advfn.com/boards/read_msg.asp?Message_id=23802658&txt2find=shares

0.65 pps @ 30x



in 2008 if the os stays the same

20,000,000.00 projected revenue 2008 -http://investorshub.advfn.com/boards/read_msg.asp?message_id=23811513

0.50 margin -http://investorshub.advfn.com/boards/read_msg.asp?message_id=23816174

10,000,000.00 profit per year

80,318,487.00 Outstanding Shares - as of Oct 17, 2007 -http://investorshub.advfn.com/boards/read_msg.asp?Message_id=23802658&txt2find=shares

3.74 pps @ 30x