FOR IMMEDIATE RELEASE:
Press Contact: Lauren Monroe 212.584.4330 firstname.lastname@example.org
WORLDS.COM, PIONEER OF 3D VIRTUAL WORLDS APPROVED FOR QUOTATION ON THE OTC BULLETIN BOARD
New York – October 16, 2008 – Worlds.com (www.Worlds.com) (OTC: WDDD), the pioneer technology platform for 3D virtual communities has announced that it has been approved by FINRA (Financial Industry Regulatory Authority) to have the company’s securities quoted on the OTC Bulletin Board electronic trading system.
"Worlds has cleaned up its balance sheet and written off significant debt and liabilities. Now that the company is current and compliant in its SEC filings, we can continue our re-positioning and ongoing discussions with strategic partners in the 3D market place. The approval by FINRA to quote Worlds’ common stock on the OTC Bulletin Board is another step in Worlds’ restructuring which began last year," stated Thom Kidrin, CEO of Worlds.com.
Worlds users create avatars that navigate through virtual worlds as well as build their own worlds on a P2P network. The company is building on existing formats to improve entertainment, socializing, and marketing capabilities in the 3D online environment. Worlds users have a personal avatar which allows them to move, view, voice chat, send email, join discussion groups, listen to music, watch videos, and shop within virtual worlds communities.
Worlds received its first US patent, number 6,219,045, for multi-user server technology for 3D applications, in 2001 and a second US patent, 7,181,690 B1, was granted in February 2007.
Worlds.com was founded in 1994 and utilizes its patented 3D technology in partnership with brand leaders in specific market segments to offer 3D multi-user environments that have interactive Avatars, rich media graphics, text chat, voice-to-voice chat, video and e-commerce. The 3D communities allow visitors to interact with each other, teleport throughout the Worlds environment as well as participate in shared experiences. Besides partnering with existing content providers that have strong brands and an existing following, Worlds also encourages individuals to create their own virtual spaces, communities and unique Avatars with easy-to-use tools. Worlds was, and remains, true "social networking" well before the term became mainstream.
Forward Looking Statements
This release contains certain forward-looking statements and information relating to Worlds that are based on the beliefs of Worlds' management, as well as assumptions made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company's services and products, changes in the economic environment and changes in technology. Additional risk factors are included in the Company’s public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as hoped, anticipated, believed, estimated, preparing or expected. The Company does not intend to update these forward-looking statements.