Worlds.com Signs Contract to Provide
WWF with 3D Internet Site
Premier 3D Provider Will Recreate Times Square
WWF Restaurant for the Web
Old Greenwich, CT, February 1, 2001 - The World Wrestling Federation Entertainment, Inc. (NASDAQ: WWF) and Worlds.com (OTC//BB: WDDD) today announced a revenue sharing agreement for Worlds.com to provide a three-dimensional (3D), virtual reality Internet site for the WWF portal.
Under terms of the contract, Worlds.com will design and integrate a co-branded re-creation of the WWF's Times Square New York restaurant in a 3D environment on the WWF Internet site. Worlds.com said it would deliver the site to the WWF during the first quarter of 2001.
While no financial terms of the agreement were disclosed, the companies said that they would share advertising and e-commerce revenues.
"We believe that the combination of the extensive and loyal fan base, proven marketing reach and skills of the WWF combined with the robustness and interactivity of our 3D technology will make this site one of the most popular new destinations on the Internet," said Hal Trencher, vice president of marketing and sales for Worlds.com.
The WWF, headquartered in Stamford, CT., is an integrated media and entertainment company principally engaged in the development, production and marketing of television programming, pay-per-view programming, live events and the licensing and sale of branded consumer products featuring its highly successful World Wrestling Federation brand of entertainment. The WWF will also launch its new XFL professional football league in conjunction with the NBC Television Network on Saturday.
Worlds.com, the Internet's premier 3D virtual reality entertainment portal, leverages its proprietary technology to offer visitors a network of virtual, multi-user environments that feature rich media graphics, text chat, voice-to-voice chat, streaming video and e-commerce. The environments focus on entertainment interests and targeted communities such as music, sports, games and general entertainment environments. Users can create avatars, 3D virtual representations of themselves, to travel in virtual environments and participate in activities with other users.
Worlds.com is headquartered in Old Greenwich, CT. For information about Worlds.com, please contact Gary P. Tobin at 203-409-2107.
Except for any historical information contained herein, the matters discussed in this
press release contain forward-looking statements that involve risks and uncertainties which
are described in the Company' s SEC reports, including the Company's Annual Report on
Form 10-K for the year ended December 31, 1999 (as amended) and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2000, June 30, 2000 and September 30, 2000 (as