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Worlds Inc. Appoints Ed Gildea to Board of Directors, Prepares for Uplisting to Senior Exchange(January 29, 2014)
BOSTON, MA -- (Marketwired) -- 01/29/14 -- Worlds Inc. (OTCBB: WDDD) welcomes Ed Gildea as a member of its Board of Directors.
"Ed's expertise in areas of intellectual property (IP), mergers and acquisitions, strategic planning, funding, business development and executive leadership, along with his many years of experience as a corporate board member will be a valuable asset on Worlds' Board," stated Thomas Kidrin, World's CEO. "We look forward to tapping his expertise as we take the next steps to qualify for listing on a senior exchange, pursue patent infringement litigation and develop strategic partnerships."
Mr. Gildea is currently a member of the board of directors of publicly held companies Finjan Holdings Inc. (intellectual property security software) and WPCS International Inc. (wireless communications and Bitcoin exchange). He was the CEO, President, and Chairman of the Board Of Directors of publicly held Converted Organics Inc., (manufacturing) from 2006 until 2013. He was also a lawyer for, and COO of, QualityMetric Inc. (healthcare) from 2000-2005 and Grolier Incorporated (publishing) from 1980-1989. He spent 10 years at the Kellogg Company (1990-2000) as their vice president of legal where he managed and supervised a legal team responsible for executing mergers, acquisitions and divestitures. He received his undergraduate degree from The College of the Holy Cross and his law degree from Suffolk University.
Worlds has also begun the process to qualify for uplisting to the NASDAQ or another senior exchange and has filed appropriate paperwork with the Securities Exchange Commission.
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.
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