[Philip Lelyveld comment: Worlds Inc. is amassing patents on single- and multi-user interaction in virtual worlds.]
[Press Release]
Worlds Inc. (OTCBB: WDDD) today announced that it has been issued patent no. 8,082,501 from the U.S. Patent & Trademark Office (USPTO) for a patent titled “System and Method for Enabling Users to Interact in a Virtual Space.” This is the fifth patent in Worlds’ intellectual property (IP) portfolio. The patent relates to computer architecture for three-dimensional graphical multi-user interactive virtual world systems.
Worlds believes it is particularly noteworthy that the USPTO issued this allowance after examining a large number of references cited in a prior litigation involving predecessor patents with the same description as the newly-issued patent, creating a strong presumption of validity of the claims contained in this new patent.
“Worlds broke new ground with numerous new technologies and processes in virtual worlds systems and we are very pleased that we are being granted patent protection by the USPTO for this valuable intellectual property,” said Thom Kidrin, Worlds’ CEO. “We believe that this patent contains claims that significantly strengthen our IP portfolio and add shareholder value. Worlds’ management believes there are currently parties infringing on our patents, including this one, and we are discussing enforcement options with legal experts and patent law firms.”
This patent is a continuation of US patents 6,219,045, 7,181,690, 7,493,558 and 7,945,856 issued to Worlds.com (Worlds’ prior name) in 2001, 2007, 2008 and 2011, respectively, and bearing the same title. Worlds Inc. has three additional patent continuations in process at the USPTO.
As previously announced, this new patent, additional continuance claims in process, and all Worlds’ IP will remain within Worlds Inc. The company’s online operations, software assets and technology platform have been spun off into its Worlds Online Inc. subsidiary, which the company expects will be a separately trading stock on the OTC:BB following the SEC’s review of a Form 10 registration statement for Worlds Online Inc.
Following completion of the SEC’s review, Worlds Inc. will distribute dividend shares of Worlds Online to its shareholders of record at the close of business on May 16, 2011. Details of the spin-off and dividend were announced on March 31, 2011 and can be viewed here: http://bit.ly/uFYlOV
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. Worlds was, and remains, true “social networking” well before the term became mainstream.