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)
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.”