Fast Pitch Forum (Reality Gap)

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Fast Pitch Forum (Reality Gap)

  1. 1. Michael A. Williams Chief Executive Officer Copyright © 2009 – Reality Gap, Inc. – All Rights Reserved.
  2. 2. Reality Gap™ is a publisher of Massively Multiplayer Online Games and the developer of MetaTIX™
  3. 3. Online Market As we’re speaking…. About 6,000,000 kids are pretending to be Penguins.
  4. 4. Online Market As we’re speaking…. About 12,000,000 adults are pretending to be Draenei (whatever that is).
  5. 5. Club Penguin TM Launched: 2005 Subscribers Free Players Players: 700,000+ 5,000,000+ Subscription: $6/month Free Revenue: ~$50 million/year. In August 2007, Disney acquired Club Penguin for $700 million (½ Cash, ½ Earn-out). Source: Forbes 08/01/07
  6. 6. ® World of WarCraft Launched: 2004 America/Europe Asia Active Players: 5,500,000+ (A/E) 6,500,000+ (Asia) Subscription: $15/month Rental: 5¢/hour Revenue: ~$1.25 billion/year. Source: The Boston Globe 10/04/07; DFC Intelligence 08/29/06; Blizzard Website 07/24/07
  7. 7. Online Game Market 268 million people play online games. 55% of revenue comes from Massively Multiplayer Online Games. Grew 56% last year: $5.1 billion in 2007 $8.0 billion in 2008 Source: DFC Intelligence, Online Game Market, pg. 99,221-223
  8. 8. Online Market What do people do online?
  9. 9. Online Market They buy virtual items.
  10. 10. Online Market They trade virtual items.
  11. 11. Online Market They play for virtual items.
  12. 12. Online Market They conduct virtual commerce!
  13. 13. Online Market As we’re speaking…. More real money is circulating within virtual worlds than in half the countries on Earth.
  14. 14. Micro-transaction Problem Transactions of less than $1. 30¢ minimum transaction fee. Most games sell “points”. Points are “ego-centric”.
  15. 15. MetaTIX™ A “virtual currency” platform. Solves the micro-transaction problem.
  16. 16. MetaTIX™ Solution • No minimum transaction fee. • Handling of international currencies. • Robust engine. • Sophisticated anti-hacking technology.
  17. 17. MetaTIX™ Benefits • Creates a market. • Enhanced impulse-buying. • Parent-friendly features.
  18. 18. Personal Experience In April 2004, I formed Planetwide Games and imported and launched Risk Your Life™.
  19. 19. Personal Experience 929,852 players downloaded and joined the game within 6 months!
  20. 20. Personal Experience • It was a billing nightmare! • I had half-a-million players in 50 countries. • The instant success was great, but we had to sell. We sold the company for $44 million, but we might have made more.
  21. 21. Marketing MetaTIX™ We “give it away” to Game Developers. We also license it to: Game Publishers Web Sites Amateur Developers
  22. 22. Monato Esprit™ Launches July 2009. In Open Beta now. Expect 200,000 players. About $200,000/month. Micro-transaction Model Family-Friendly Pro-forma projections subject to risk factors disclosed in PPM.
  23. 23. Battleswarm™: Field of Honor™ Launches September 2009. In Alpha now. Expect 1,000,000 players. About $1,000,000/month. Micro-transaction Model Tournament-Oriented Core Game Pro-forma projections subject to risk factors disclosed in PPM.
  24. 24. 50 days to Golden Launch! Pro-forma projections subject to risk factors disclosed in PPM.
  25. 25. Michael Williams, CEO Founder of Tremor Entertainment. Founder of Planetwide Games. Developer of 25+ Games.
  26. 26. J. Mark Hood, COO Sr. VP of Sierra Online for 10+ years. Publisher of 50+ Games.
  27. 27. Nolan Bushnell, Director Founder of Atari. Founder of Chuck E. Cheese’s. Founder of uWink. Publisher of 200+ Games.
  28. 28. Directors & Advisors Additional Directors Tom Hennessy Owner of Hennessy & Roach Jean Hackenburg Former VP Finance, Atari. Brian Yoder Norton Anti-Virus/EarthLink VP. Walter Greth Founder Greth Homes, Investor. Advisors Carl Johnston Banker, Mall Property Owner
  29. 29. Series “A” Preferred $3.5 million offering ($1.2 million left) 2x Participating Preferred Pre-money Valuation: $5.75 million. Minimum Investment: $50,000 Co-Sale Rights, Anti-Dilution, Piggyback Registration, Etc.

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