1) Project Details: (be as specific as possible):

Looking for a solution for my website where a group people can be in a private chatroom type environment, but the contents of that chat session is then published live in a readonly box on the website template which is visible to all website visitors.

sort of like a moderated shoutbox window or a live ticker/rolling text publishing solution.

The goal is to have live updates system for our site visitors during certain events,

a live rolling ticket publishing will work just as well

2) Payment Amount: negotiable depending on how fast.

3) Payment method/ details (Paypal, check? Timeline?):

Paypal, 50% up front if decent solution is demonstrated.

4) Additional Info (about project or potential bidders):

Solution required for a site running vbulletin 3.8!