Q3 2008

(Vstex Company , VST) - Q3 2008 SINGLE STEP INCOME STATEMENT -
----------- REVENUES -----------
EXCHANGE COMMISSIONS	30,430.36 L$
STOCKS AND TREASURY SHARES SALES	40,993.77 L$
DIVIDENDS ON TREASURY SHARES	0.54 L$
ADVERTISING SALES (SECONDFOOTBALL.COM)	16,000.00 L$
TOTAL REVENUES	87,424.67 L$
----------- EXPENSES -----------
INVESTMENTS AND ASSOCIATED EXPENSES	30,010.00 L$
VSTEX.NET SERVER HOUSING	60,000.00 L$
TOTAL EXPENSES	90,010.00 L$
----------- NET INCOME -----------
NET LOSS	2,585.33 L$

Note: VSTEX Company is currently using cash based accounting. Dividends paid: 300,000 L$ (end of December, 2007), 120,000 L$ (end of April, 2008), 300,000 L$ (end of June, 2008)

(Vstex Company , VST) - COMPANY ASSETS AS OF SEPTEMBER 30, 2008 -
----------- PORTFOLIO -----------
VST (stock options) @ 0,56 L$	5,488,750	3,073,700.00 L$
VST @ 0,56 L$	522,533	292,618.48 L$
ITL @ 0.79 L$	4	3.16 L$
MED @ 0.60 L$	18	10.80 L$
PBA @ 0.40 L$	74	29.6 L$
SLG @ 0.44 L$	52	22.88 L$
CASH ON HAND		62,703.89 L$
----------- OTHER ASSETS -----------
VSTEX ISLAND (65,535 sqm.)		280,000 L$
Server HP PL DL320RG5 DC2.4 / 4MB 1GB 160GBSATA		412,966.68 L$
----------- -----------
Company assets total		4,122,055.49 L$

(Vstex Company , VST) - VALUATION MEASURES AS OF SEPTEMBER 30, 2008 -
----------- -----------
Outstanding shares	30,000,000
Market price	0.56 L$
Earnings per share (yearly basis)*	0.01 L$
Price to earnings ratio	56
Book Value per share**	0.14 L$

* average of January to September 2008
** unlike other SL companies we do not report as assets items like virtual buildings, websites, web domains and other items often used to "inflate" the numbers.

(Vstex Company , VST)
- MIXED DATA AS OF SEPTEMBER 30, 2008 -

----------- VSTEX -----------

VSTEX account holders 1,433

VSTEX users credits (100% available, no withdrawal limits)
779,375.82 L$

VSTEX users buy orders (money escrowed to fulfill orders)
245,093.98 L$

Q2 2008 VSTEX ATMs deposits 798,549 L$

Q2 2008 VSTEX ATMs withdrawals 703,859 L$

VSTEX ATMs VSTEX Central

----------- VSTEX -----------

Traded

Month Transactions Symbols Shares Value Commissions from trading

January 1,125 11 1,913,131 706,572.81 L$ 21,197.53 L$

February 1,267 16 1,467,605 1,039,723.19 L$ 31,191.95 L$

March 1,429 16 2,867,205 879,577.31 L$ 26,387.65 L$

April 975 19 904,936 435,664.07 L$ 13,087.37 L$

May 1,578 14 3,410,690 663,943.48 L$ 19,958.96 L$

June 871 13 2,055,049 967,950.67 L$ 29,265.74 L$

July 621 13 1,011,748 435,078.89 L$ 13,230.90 L$

August 512 13 1,156,610 320,808.75 L$ 9,624.46 L$

September 542 14 1,298,252 384,738.80 L$ 11,910.64 L$

(does not include IPOs
and stock options) (some companies may have
traded under different symbols
because of takeovers)
(does not include IPOs
and stock options) (3% commission included)
(Risk funds quota is included)

(Vstex Company , VST)
- VSTEX RISK FUNDS DATA AS OF SEPTEMBER 30, 2008 -

----------- -----------

VST 45,035.00 L$

DWF 127.00 L$

GRP 3,997.00 L$

IBF 3,761.00 L$

ITA 2,289.00 L$

ITL 28,943.00 L$

JCP 8,408.00 L$

MED 27,790.00 L$

MDN 428.00 L$

MMC
1,572.00 L$

PBA 3,167.00 L$

PFW 748.00 L$

SLG 158.00 L$

VHI 23,951.00 L$