FOR IMMEDIATE RELEASE:
Press Contact: Lauren Monroe 212.584.4330 email@example.com
PIONEER OF 3D VIRTUAL WORLDS: WORLDS.COM FILES FOR SEC COMPLIANCE
Certified Financial Audits filed
New York March 10, 2008 - Worlds (www.Worlds.com) (OTC: WDDD), the pioneer platform in 3D virtual communities with rich immersive 3D environments, has filed certified audited financial statement for fiscal years ending 2001, 2005, 2006, and 2007 to bring the company into full SEC compliance.
Founded in 1994, Worlds is preparing to release its newly updated and enhanced 3D platform, with a new rendering engine and micro-economy platform. In 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.
"This filing completes the financial restructuring of the company we began in September, 2007," stated Thom Kidrin, CEO of Worlds.com. "We have been able to clean up our balance sheet and write off significant debt and liabilities. Now that the company is current and compliant in our SEC filings, we can continue our re-positioning and ongoing discussions with investment bankers and strategic partners in the 3D market place."
Worlds launched in 1994 and received its first US patent, number 6,219,045, for multi- user server technology for 3D applications, in 2001. The most recent patent, 7,181,690 B1, was granted to Worlds.com in February 2007 as a continuance patent to its parent patent mentioned above, which provides a highly scalable architecture for a three-dimensional graphical, multi-user, interactive virtual world system. 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 the Worlds community.
Thom Kidrin concluded, "Worlds has completed the initial phase of our corporate restructure, seated a new board and are preparing for the launch of our new platform, I hope to have some additional announcements shortly."
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 changes in demand for the Company's services and products, changes in technology. 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.