GOTEBORG, Sweden, December 3, 2010 /PRNewswire/ -- First Planet Company, developer and publisher of Planet Calypso, the oldest planet in the Massively Multiplayer Online Game Entropia Universe, announced today the auction of the Medusa's Head islands on Planet Calypso. This huge sale will allow one player to acquire the deed to the largest virtual property ever sold and potentially one of the most lucrative in existence.

Medusa's Head is the fourth major property opportunity offered on Planet Calypso. This property will be available for virtual viewing starting on December 7th to anyone playing the game and to all potential buyers that wish to visit for their first time. The auction will begin on December 13th and anyone with money in their account can bid on the property. There is no minimum and the normal 1% withdrawal fee will be waived for potential investors bidding over $50,000.00 USD. For more information on how to bid please go to http://www.planetcalypso.com/planet-calypso/medusa.

The Medusa's Head islands encompass 8 different revenue generating land areas. There are three on the main island and five on surrounding smaller islands. The property will also come with 2 unique creatures which will be of interest to hunters from around the planet. Additionally there will be a number of other indigenous species, as well as mining, retail and residential assets. A teleportation system is included to make travel easy, although anyone can get there by air or boat.

Planet Calypso recently saw a smaller asteroid with shops, hunting, mining and a nightclub sell for $635,000.00 USD; it was originally bought for $100,000.00 USD in 2005. Operating profitably from day one the resort recouped the $100,000.00 USD in mining/hunting rights alone in its first eight months and was previously in the Guinness World Records book as the most valuable virtual item. The auction of this attractive virtual property is expected to generate a high level of investment interest.

First Planet Company is the developer and publisher of Planet Calypso, the oldest planet within the Entropia Universe, the largest real economy Massively Multiplayer Online Game in the world. Players have 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 Calypso 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.

Planet Calypso is a free download available at the game's official website, http://www.planetcalypso.com.

About First Planet Company

First Planet Company AB is a subsidiary of the MindArk Group. First Planet Company AB develops and markets Planet Calypso, a Massively Multiplayer Online Role Playing Game (MMORPG) based on the Entropia Platform, and is part of the Entropia Universe. Set in a distant future, the planet Calypso is home to an expanding human colony engaged with the natural and economic elements of establishing their new civilization.

For more information on First Planet Company (FPC) and Planet Calypso please contact us at the numbers below or go to our website at http://www.planetcalypso.com.

Copyright (c) 2010 First Planet Company. All Rights Reserved.

SOURCE: First Planet Company

CONTACT: Frank Campbell of First Planet Company, +46-31-607-362,fc@mindark.com; or Media, David Tractenberg, +1-310-453-2050 ext. 111,david@tractionpr.com, for First Planet Company