Worlds Files Proxy Statement
May 29 2013 - 10:44AM
Marketwired
Worlds Inc. (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:
http://www.sec.gov/Archives/edgar/data/1961/000126493113000327/0001264931-13-000327-index.htm
"We have been considering moving to a senior market exchange
pending a successful Markman hearing 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 patent infringement lawsuit.
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 Worlds 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:
http://www.scribd.com/doc/143393180/Markman-Final
Max L. Tribble, lead counsel of Susman Godfrey L.L.P, is lead
counsel for Worlds in the suit. Mr. Tribble has an extensive track
record of patent infringement lawsuit wins 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 http://www.Worlds.com.
About Worlds Inc.: 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.
Forward Looking Statements
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.
Disclaimer with respect to third
part websites:
You are advised that
http://www.scribd.com/doc/144040051/Markman-Final-WDDD-v-ATVI 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.
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CONTACTS: Media Relations: Julie Shepherd Accentuate PR
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