WORLDS.COM CONTRACT WITH POWERNET
WILL EXPAND 3D ENTERTAINMENT/CHAT
DISTRIBUTION IN UK
New York, NY, March 7, 2000 - Worlds. com Inc. (OTC: BB: WDDD) today announced that it signed a contract with Powernet Telecom plc, a United Kingdom-based ISP, to expand the distribution of its three-dimensional (3D) entertainment portal.
Under terms of the agreement, Worlds.com will provide a 3D chat room for Powernet and Powernet users who will have access to Worlds.com existing 3D web sites. Within 60 days, users of Powernet's TotalServe will be able to access the new entertainment sites through the Worlds.com 3D entertainment portal.
The companies will share revenues from VIP subscription memberships, connectivity charges and advertising. Powernet will also pay monthly fees to Worlds.com for providing and hosting the websites.
"Powernet users as well as visitors to Worlds 3D entertainment portal will be able to access the new sites," said Steven G. Chrust, chairman of Worlds.com. "Worlds.com offers Internet users a vastly new experience in which they can communicate, express themselves visually and enjoy enhanced advertising and e-commerce interactions."
The non-exclusive agreement adds to Worlds.com burgeoning international presence. In the past six months, the company has signed partnership contracts with e-NewMedia in Asia, Shinwon Telecom in Korea and Freeserve in the UK. Worlds.com is also the exclusive 3D web content to Roadrunner's Hang Channel.
"Because of our proprietary technology, users of the Worlds.com 3D entertainment portal can experience the Internet in a highly engaging and entirely different manner than through traditional flat space environments," said Chrust. "Coupled with our ability to offer new sites in native languages and to address the needs of countries and cultures, we believe agreements such as this one with Powernet as well as e-NewMedia and Shinwon strengthen our global leadership."
Chrust said that the application of 3D advertising that Worlds.com can deliver provides a new approach to advertising. "The three-dimensional advertising provides an engaging and highly interactive experience," he said, "which is a level beyond traditional banners and streaming advertising on the Internet."
About Powernet Telecom plc
Powernet Telecom plc is one of the UK's major telecommunications companies, providing customized data and voice solutions to all sizes of business. Strategic partnerships with other industry leading organizations have enabled Powernet Telecom to develop the most resilient data backbone in the UK, build on the principles of reliability, accessibility and scalability.
About Worlds. com
Worlds.com, the only 3D entertainment portal, leverages its proprietary technology to offer visitors a network of virtual, multi-user environments that have rich media graphics, text chat, voice-to-voice chat, streaming video and e-commerce. The environments are focused around entertainment interests and targeted communities such as music (Hanson World, Bowie World), Sports (New York Yankees) and general entertainment environments (beaches, space landings, shopping areas). In the Worlds' Avatar Gallery, visitors select an avatar (3D character), and customize it into a personal virtual representation of themselves. The avatar is used to travel in and through the various virtual environments and participate in interactive activities involving entertainment, promotions, or e-commerce. Avatars can chat with one another, dance in a nightclub,
e-shop, watch video clips and participate in other activities.
Forward Looking Statements. Except for any historical information contained herein, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties are described in the company's filings with the SEC. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments