3D PortalNewsAbout UsHelp & Support
What's New?
Video Clips
Recent Press Releases
Press Release Archive
Music News



Net Proceeds of Approximately $3.7 Million

New York, NY, April 18, 2000 - (OTC/BB: WDDD) today announced that it has completed an offering of 976,597 shares of its Common Stock to overseas investors in a transaction pursuant to Regulation S of the Securities Act of 1933, as amended (the "Act").

Hoodless Brennan & Partners plc, a firm of stock brokers based in London, England, placed the shares under a subscription agreement with the Company.

The Company also announced that it has completed an offering of 142,049 shares of its Common Stock to four investors in transactions pursuant to Section 4(2) of the Act. International Capital Growth, Ltd., a NASD-licensed broker-dealer, served as placement agent with respect to the subscription agreements for those four investors.

The 1,118,646 shares issued in both offerings, which constitute in the aggregate approximately six percent of the Company’s outstanding Common Stock on an after-issued basis, were issued at a price of $3.52 per share and the Company derived net proceeds therefrom of approximately $3.7 million.

The Company intends to use the net proceeds as working capital for operations as well as to fund research and development activities. The shares issued in these offerings have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About, the Internet’s original 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, sports, and general entertainment environments. 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. is headquartered in New York City. For more information on, please contact Andrew Silver &/or Rebecca Fitts, Middleberg & Associates, (212) 699-2589/2663, /

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.

Thom Kidrin
Andrew Silver / Rebecca Fitts
Middleberg & Associates
(212) 699-2589/2663