BT, Worlds.com Sign Agreement For 3D Sites on the Internet.Business & High Tech Editors NEW YORK--(BUSINESS WIRE)--July 31, 2000 Worlds.com Will Build Two Proprietary `Worlds' for BTopenworld's Internet Sites Worlds.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: WDDD) and British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. (NYSE NYSE See: New York Stock Exchange : BTY BTY Battery BTY Betty BTY Back To You BTY Better Than You BTY Blessings to You ) (British Telecommunications plc) today announced they had reached an agreement for Worlds.com to build two proprietary three-dimensional sites for BTopenworld, the new high growth BT Internet business and its Uprush up·rush n. The rush of water from a breaking wave onto a beach. Also called swash. sites, in the United Kingdom. Under terms of the contract, Worlds.com will provide its proprietary technology to Btopenworld, the Internet division of BT, and create and host co-branded web sites, featuring Worlds.com, specifically designed for users of BT Internet and its Uprush site. Worlds.com will also provide five original avatars for each new site. Although the monetary value of the transaction was not disclosed, the companies said that payments to Worlds.com included development fees as well as continuing shared revenue. "This is a significant milestone for the implementation of 3D technology on the Internet," said Steven G. Chrust, chairman of Worlds.com. "The reach and influence of BTopenworld expands the recognition of the value of 3D on the next generation of the Internet. "This agreement reinforces the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of 3D technology which is occurring at an increasingly rapid pace," Chrust said. "We now have co-branded ventures with BT, Freeserve and Powertel in the UK; e-NewMedia in Pan Asian markets; Shinwon Telecom in South Korea, and Road Runner road runner: see cuckoo. Road Runner thrives on outwitting Wile E. Coyote. [Comics: “Beep Beep the Road Runner” in Horn, 105] See : Cunning Road Runner , David Bowie, Hanson and the New York Yankees  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. in the U.S." John Raczka, senior vice president of content, BTopenworld, said: "It is our goal at BTopenworld to make the user experience on our portals to be as immersive as possible. Worlds.com provides us with a unique application that brings added dimension to communications over the Internet." About Worlds.com Worlds.com, the Internet's premier 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 A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. and e-commerce. The environments are focused around entertainment interests and targeted communities such as music, sports, and general entertainment environments. 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. About BTopenworld BTopenworld is BT's new international mass market Internet business which is focused increasingly on broadband and mobile services. It brings together in a single business BT's existing mass-market UK and international Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs), portals and Open, BT's digital interactive television joint venture. The business is also responsible for Genie, Europe's leading mobile portal and service provider. BTopenworld is responsible for the building of platforms, aggregation of content and the marketing of its services. BTopenworld is one of the largest ISP's in Europe and has joint venture businesses which include: LineOne; Open; Excite UK; Yu.com (Belgium); Arrakis (Spain); Infinito (Italy); Mantra Online (India); BT Looksmart; Anglia Campus. Worlds.com is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information on Worlds.com, please contact Andrew Silver Andrew George Silver (born 13 January 1967 in London, England) is a former international motorcycle speedway rider who represented England at test level. His father is former rider and current speedway promoter Len Silver. &/or Rebecca Fitts, Middleberg & Associates, (212) 699-2589/2663, andys@middleberg.com / rebecca@middleberg.com. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion