RealTime IT News

Worlds.com, ShinWon Link to Provide Korean 3-D Chat/Entertainment

Worlds.com announced an agreement with South Korean-based ShinWon Telecom to create a Korean-language chat and entertainment Web site that will take advantage of the company's proprietary three-dimensional (3-D) technology.

Financial terms of the transaction were not disclosed. Worlds.com will share revenues with Shinwon for subscriptions and advertising.

ShinWon Telecom is a privately held telecommunications and cable television provider in South Korea offering e-commerce, online banking and high-speed Internet access via telephone and cable connections.

The ShinWon agreement is the third recent contract signed by Worlds.com with providers based outside the United States. Worlds.com is also the 2-D and 3-D-chat provider to Freeserve in the United Kingdom and last week was chosen by Hong Kong-based e-New Media to create Asian-oriented Internets sites.

"The growth of the Internet throughout Asia has coincided with the recovery of Asian economies," Steven G. Chrust, Worlds.com chairman said. "We are best positioned to provide engaging, interactive sites and content with our three-dimensional technology platform."

"The fact that we can build environments, which are culturally themed and provided in the languages of individual countries will allow us to take advantage of these dynamic market conditions. Because the ShinWon site will be created and reside on our portal," Chrust said, "we will also be accessible by the large and growing Korean population in the U.S."