As this stock is a new issue, there is not much information to elaborate on at this time. The "company" previously traded under the symbol PCKT. Here is the only press release issued over the wire for PCKT / IWLD
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
Following are the news announcements from the www.worldsaway.com site
Special Announcements
May 7, 1999:
Letters from K. Hirai, FSBA and from David Andrews, President of inworlds.com, inc.
Dear Members:
The community services based on WorldsAway, the leading virtual world technology developed by Fujitsu, will become a separate company on May 1, 1999. Mr. David Andrews, who has served as Vice President of the business unit for Fujitsu, will assume presidency of the company when the transaction is completed.
Since its founding in 1995, we have invested in not only a company, but also the birth of an entire industry. WorldsAway was truly a pioneering effort. We are convinced that virtual communities and avatars represent a large portion of the future of Internet-based socialization. Fujitsu is proud to have been part of the formation of this industry.
We will still continue to be an investor in the company, holding an equity position in the company, and I will continue to serve on the board of directors of the new company. Should you have any questions or concerns regarding this transaction, please contact Mr. David Andrews directly. It has been a pleasure having you as our customer, and I hope that you will continue to have a WorldsAway world as part of your internet life.
Sincerely
Katsuhide Hirai
Senior Vice President
Fujitsu Systems Business of America
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May 7, 1999
Dear Members:
We have some good news to share with you! The community services based on WorldsAway, the leading virtual world technology developed by Fujitsu, became a separate company on May 1, 1999. The WorldsAway Group has now officially become inworlds.com, inc! Inworlds.com is an independent, publicly traded (NASD OTC Bulletin Board listed) company with funding to market and grow our service and technology.
The WorldsAway brand name will remain the name of our technology ("powered by WorldsAway.") Inworlds.com will be licensing the WorldsAway technology from Fujitsu. Pride! Universe and Habitat II of Japan will remain separately owned and maintained entities from inworlds.com.
The new company has the financial resources required to maintain and strengthen inworlds' services. David Andrews, who has served as Vice President of the business unit for Fujitsu, has assumed presidency of the company. The current staff will remain the same, dedicated to building and growing our avatar communities.
We are very excited about the opportunities ahead and look forward to continuing to work with you, our members, to evolve and grow the inworlds.com avatar communities.
If you have questions or concerns, please send them to us at dream@worldsaway.com. We will be holding town meetings in each of the worlds next week to answer your questions. Please check the forums for date and time.
All the best,
David Andrews
President & CEO
inworlds.com, inc.
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