Synthasite offers 1m Free Shares in the company to it’s community:

Thanks to all our Alpha testers for their hard work in getting us ready for prime time. The SynthaSite Beta is just around the corner, and in an effort to offer our users some of the most unique and custom designed templates, we’ve decided that we want YOU to share in our success as a company, by giving you the opportunity to earn shares in our business.We’ve allocated up to 1,000,000 shares in SynthaSite to our community, and over the course of the next few months and years, we will be running regular programs that will offer you the opportunity to become a virtual shareholder in our business. We currently value these shares at around $250,000 in total! If SynthaSite was ever acquired or became a listed entity, these shares would be worth exponentially more than what they are today – and with your help, we can get there!

So, in order to launch our share incentive scheme, we’re offering template designers the opportunity to build templates in exchange for shares. For every template that we use in SynthaSite and on our upcoming marketplace, the template designer will receive the following:

• 1,000 Shares in SynthaSite (Pty) Ltd
• A link at the bottom of each template back to your website (great for link building!)

Brush up those design skills and create a design template for SynthaSite. We’re only selecting the best templates, and will allocate shares on a usage basis (i.e. when we use them).
Synthasite templates are really simple; basically a 1 page HTML design with menu with a central region into which users can place content / widgets.

The templates need to be completely open source (we’ll be giving them away free to all SynthaSite publishers with our Beta release), but we’ll keep a “Designed by <yourname>” link at the bottom of the template so people can find out more about your work.

Interested?

Get full details and a template specification and send your entry to templatecompetition@synthasite.com before Monday Oct 1st 2007.

And watch the blog for feedback & updates on the competition!

Terms & Conditions (fine print):
This offer does NOT constitute an offer for subscription of shares. Shares will be allocated to successful designers chosen by SynthaSite, in lieu of payment for the templates. Submission to SynthaSite warrants that you are the designer and owner of the rights, and is therefore deemed an offer. Acceptance and use of the template by Synthasite will be deemed to be acceptance of that offer and a share allocation 1,000 shares will be deemed as payment thereof. Any and all users of SynthaSite will have free and unfettered use of the template, and will be allowed to modify, adapt, change, enhance or improve at their own discretion. Shares will not be transferred to the successful designers upfront, but instead, allocated to them for issue at a later date, to be determined by the company. Shares cannot be sold until transferred. If SynthaSite is wholly acquired (greater than 75% stock in issue is purchased) or lists on a stock market, the shares will be issued to the shareholder, subject to any and all legal conditions required of them by their country being fulfilled. All costs for ensuring compliance will be borne by the shareholder and costs of transfer by SynthaSite.