WORLDS.COM CHAIRMAN AND ADVENT FUND
MAKE PRIVATE PURCHASE OF SHARES OF WORLDS.COM
NEW YORK, NY, March 13, 2000 - Worlds. com (OTC/BB: WDDD) today announced that its chairman, Steven G. Chrust, and an unaffiliated entity, The Advent Fund, in a private transaction purchased an aggregate 454,408 shares of Worlds.com common stock from the Company's largest shareholder, Steven A. Greenberg.
Simultaneously with the purchase, Chrust was also granted an 86-day option from Greenberg to purchase an additional 1,363,342 Worlds.com common shares. The option can be extended an additional 30 days under certain circumstances.
Including today's share purchase and assuming that Chrust exercises the option, Greenberg will still retain 2 million common shares of Worlds.com.
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.
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