BOSTON, MA — (Marketwired) — 05/29/13 — (OTCBB: WDDD) announced today the filing on May 25, 2013 with the Securities and Exchange Commission (“SEC”) of a preliminary proxy statement for its 2013 annual shareholders meeting scheduled for July 15, 2013, which proxy statement requests approval for, among other things, an increase of its authorized shares of common stock from 100 million to 150 million shares, as well as authorization for a reverse split for a potential senior market uplisting. A copy of the preliminary proxy statement is available on the SEC-s website at:
“We have been considering moving to a senior market exchange pending a successful and litigation,” stated Thom Kidrin, Worlds CEO. “We have authorization for a reverse split from a prior proxy and want to maintain it in the new proxy so that we have the option to move to a senior exchange in the event of a successful outcome to the pending . Uplisting typically exposes the stock to a broader range of investors and funds, which ultimately may benefit our entire shareholder community.”
The company-s upcoming patent claim construction hearing, also called a Markman hearing, is scheduled for June 27, 2013. It is a critical step in Inc. vs. Activision Blizzard, Inc., Blizzard Entertainment, Inc. and Activision Publishing, Inc. (Activision Blizzard, Inc. et al) in Civil Action No, 1:12-CV-10576(DJC), filed by Worlds Inc. on March 30, 2012 in the United States District Court for the District of Massachusetts. The Markman hearing addresses the language and interpretation of the Worlds patents at issue in the case. Markman hearings are considered a critical event in a patent lawsuit.
For more information and a third party opinion with respect to the upcoming Markman hearing see:
, lead counsel of L.L.P, is lead counsel for Worlds in the suit. Mr. Tribble has an extensive track record of patent infringement lawsuit and settlements for plaintiffs in lawsuits against large corporations, including: Paltalk v. Microsoft; Mass Engineered Design v. Ergotron & Dell, et al; Sky Technologies v. Oracle; and Sky Technologies v. IBM.
Worlds Inc. owns US Patents 6,219,045; 7,181,690; 7,493,558; 7,945,856; 8,082,501; 8,145,998 & 8,161,385 titled “System and Method for Enabling Users to Interact in a Virtual Space.” These patents relate to computer architecture for three-dimensional graphical multi-user interactive virtual world systems. Such systems are utilized in Massive Multi-Player Online Games (MMORPG).
More information on the lawsuit and Worlds- patents can be found on the Worlds Inc. website at .
Worlds Inc. (f.k.a.Worlds.com Inc.) 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, known as “virtual worlds,” 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.
This release contains certain forward-looking statements and information relating to Worlds Inc. that are based on the beliefs of Worlds- management, as well as assumptions made based upon 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,” “should,” “preparing,” “expected” or words of a similar nature. The Company does not intend to update these forward-looking statements.
You are advised that is a third party website of which the Company has no control and the Company expresses no opinion as to the truth, accuarcy or completeness of any of the statements made on such website. The contents of that website are not incorporated by reference into this press release nor shall be it deemed made by or approved by the Company.
Julie Shepherd
Accentuate PR
815 479 1833
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