WORLDS.COM NAMES CHRIS RYAN VICE PRESIDENT OF FINANCE
New York, NY, April 19, 2000 - Worlds.com (OTC/BB: WDDD), a leading three dimensional (3D) entertainment portal, today named Christopher J. Ryan to the post of Vice President of Finance, effective May 1, 2000.
Ryan, 39, will join Worlds.com from Reuters America where he has held a variety of financial management positions since 1991.
In his new position, Ryan will be responsible for all aspects of financial planning and controls for Worlds.com as well as its capital management and interaction with the investment community. He will report to Steven G. Chrust, chairman.
"Chris rounds out our senior management team," said Chrust. "He brings a strong background in financial management and important skills in the systems, controls and planning areas. Over the past year, we have been building a strong leadership group at Worlds.com as we prepare for the growth stage of our business and Chris brings an essential missing piece to the team."
Prior to joining Reuters, Ryan was an auditor at Deloitte & Touche, Cole in New York.
Ryan, a CPA, is a graduate of Montclair State College in New Jersey and holds an MBA from Fordham University. He resides with his family in New Milford, NJ. He will be located at the Company's headquarters in New York.
Worlds.com, the Internet's original 3D entertainment portal, leverages its proprietary technology to offer visitors a network of virtual, multi-user environments that provide 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.
Worlds.com is headquartered in New York City. For more information on Worlds.com, 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.