|By Marketwired .||
|June 2, 2014 07:30 AM EDT||
BOSTON, MA -- (Marketwired) -- 06/02/14 -- 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."
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.
Jul. 27, 2016 06:30 AM EDT Reads: 1,809
Jul. 27, 2016 06:30 AM EDT Reads: 1,452
Jul. 27, 2016 04:45 AM EDT Reads: 2,260
Jul. 27, 2016 04:30 AM EDT Reads: 2,493
Jul. 27, 2016 04:30 AM EDT Reads: 1,299
Jul. 27, 2016 04:00 AM EDT Reads: 1,559
Jul. 27, 2016 03:45 AM EDT Reads: 1,180
Jul. 27, 2016 03:30 AM EDT Reads: 959
Jul. 27, 2016 03:15 AM EDT Reads: 1,764
Jul. 27, 2016 02:45 AM EDT Reads: 2,273
Jul. 27, 2016 02:45 AM EDT Reads: 1,527
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 27, 2016 02:15 AM EDT Reads: 1,449
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 27, 2016 02:15 AM EDT Reads: 2,599
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 02:00 AM EDT Reads: 1,725
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Jul. 27, 2016 12:00 AM EDT Reads: 2,003