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4-Traders Homepage  >  Equities  >  OTC Bulletin Board  >  Worlds Inc    

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Worlds : Activision Publishing Lawsuit Against Worlds Inc., Worlds Online Dismissed With Prejudice

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06/02/2014 | 01:30pm CEST

BOSTON, MA--(Marketwired - Jun 2, 2014) - A lawsuit (CV 13-07380 CBM (PLAx)) by Activision Publishing, Inc., a subsidiary of Activision Blizzard, Inc. (ATVI), against Worlds Inc. (OTCBB: WDDD) and Worlds Online, Inc. (OTCBB: WORX) has been dismissed with prejudice.

After Worlds Inc. filed a patent infringement suit against Activision Blizzard, Inc., Blizzard Entertainment, Inc. and Activision Publishing, Inc. (Activision), in early October 2013, Activision Publishing, Inc. filed a lawsuit claiming patent infringement against Worlds Inc. and Worlds Online Inc., in the U.S. District Court for the Central District of California. Activision alleged that Worlds violates U.S. Patent No. 6,014,145 entitled "Navigation with optimum viewpoints in three-dimensional workspace interactive displays having three-dimensional objects with collision barriers" and U.S. Patent No. 5,883,628 entitled "Climability: property for objects in 3-D virtual environments."

"We are happy with the court outcome. We and our legal counsel, Susman Godfrey LLP, believed the case had no merit, but instead was simply a tactical legal maneuver to tax Worlds' financial resources and distract legal counsel from the primary litigation against Activision in Massachusetts," stated Thom Kidrin, CEO for Worlds Inc. and Worlds Online. "With that matter disposed permanently, we are now focusing on the scheduling of the Markman Hearing date in our patent infringement suit against Activision et al."

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. (OTCBB: WDDD) developed software and related technology for the creation of interactive three-dimensional (3D) Internet environments encompassing massively multiplayer online role-playing games (MMORPG). The company's technologies are designed for large-scale communities of simultaneous online users, who interact within online interactive 3D virtual worlds. Worlds intends to monetize its patent portfolio through enforcement, licensing and royalties of its patented technologies. For more information, visit www.worlds.com.

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," "intends" or words of a similar nature. The Company does not intend to update these forward-looking statements.

Disclaimer with respect to website:

You are advised that the contents of the Company's website are not incorporated by reference into this press release.


© Marketwired 2014
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Managers
NameTitle
Thomas Kidrin President, CEO, Secretary, Treasurer & Director
Christopher J. Ryan CFO, Principal Accounting Officer & VP-Finance
Robert N. Fireman Independent Director
Bernard Stolar Independent Director
Edward J. Gildea Independent Director
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