Monday May 10, 9:25 am Eastern Time
Company Press Release
inworlds.com Acquires Interest in Virtual Worlds
Technology & Services Company
SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 1999--inworlds.com (OTC BB:PCKT), a provider of
virtual worlds technology and services for Internet communities, today announced that it has reached an
agreement to acquire all of the shares of a company that provides virtual worlds technology and services for Internet communities.
The acquisition includes core technologies and patents, three revenue-generating virtual worlds, and established licenses and relationships
with brand-name partners. Under the agreement, the Company has agreed to raise $6.5 million in equity for the development of the business,
of which it has raised and advanced $2.25 million.
The final details of the acquisition are being negotiated. The Company will provide additional information once details of the transaction are
finalized.
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Reform Act of
1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such
forward-looking statements.
Contact:
Inworlds.com
Investor Relations
Tammy S. Simms, 408/456-7885
tsims@worldsaway.com |
