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BOSTON, MA--(Marketwired - Mar 16, 2016) - Worlds Inc. (
"We believe Bungie Inc. is a related party of interest to Activision in this matter and is acting as an Activision proxy since Activision is time barred from filing an IPR against Worlds," stated Thom Kidrin, CEO of Worlds Inc. "Nevertheless, we have addressed all the invalidity contentions raised by Bungie in their petitions. We believe we have overcome these challenges and will be successful in upholding the validity of our patents."
Oral hearings are scheduled before the PTAB on August 10, 2016, with a ruling expected by Nov. 30. Attorney Wayne M. Helge of Davidson, Berquist, Jackson & Gowdey, LLP represents Worlds before the PTAB. DBJ+G ranked as one of the top 15 law firms or corporate legal departments measured by the number of representations in IPR, Covered Business Method, and Post-Grant Review proceedings before PTAB in 2015. Docket Navigator's 2015 Year in Review identified Helge as a top 10 attorney in the PTAB.
"A positive ruling on the IPR by the USPTO will enable Worlds to move forward in our federal patent litigation against Activision Blizzard," Kidrin explained. "We have been patiently awaiting moving forward since the Markman ruling favorable to Worlds Inc. in the Activision litigation that was issued in June 2015."
About Worlds Inc.:
Worlds Inc. is a leading intellectual property developer and licensee of patents related to 3D online virtual worlds. The Company has a portfolio of 7 US patents for multi-server technology for 3D applications. The earliest of these patents issued on an application filed November 12, 1996. A provisional patent application, serial number 60/020,296, was filed on November 13, 1995. These patents are related to each other and disclose and claim systems and methods for enabling users to interact in a virtual space. 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 by and 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" or words of a similar nature. The Company does not intend to update these forward-looking statements.