VANCOUVER - Friday April 27, 2007 - 4:30pm PST
World Platforms Inc. signs LOI with China High-Tech Industrialization Association
World Platforms Inc., and China High-Tech Industrialization Association have announced today that a Letter of Intent was signed whereby a new Joint Venture would be undertaken to promote H.O.M.E. as a solution to monitor and restrict the number of video game hours played by a Chinese citizen each day.
“H.O.M.E. is a peer-to-peer networking technology and can be very useful for the Chinese government in monitoring and limiting the number of hours a Chinese citizen can play on a daily basis.” says Lance Morginn, CEO of World Platforms. “The China High-Tech Industrialization Association understands the technical challenges their nation faces to enforce policy and sees that World Platforms does indeed have a viable solution for them.”
Additional terms in the LOI include establishing an educational program in animations and graphics to help develop the local gaming industry.
About World Platforms
World Platforms Corp. (WP or the “Company”) is a Nevada incorporated company whose business is to publish video games and video game technology. The Company holds patent pending proprietary technology based on Peer-to-Peer networking and the only Universal-Platform game engine. The Company also has licensing rights to existing original IP which provides a tremendous opportunity for developing a strong series of titles across multiple platforms including (but not limited to) Sony Playstation 3, Sony Playstation 2, Sony PSP, Microsoft X-BOX360, Microsoft X-BOX, PC, Linux and Apple.
The Company has established multiple relationships within China to secure a distribution network for sale of its products. In addition, the Company will setup development facilities and partner with existing developers within China to provide global outsourcing services. The Company will also actively seek to acquire and partner with existing game developers and game development service providers.
About China High-Tech Industrialization Association
China High-Tech Industrialization Association (“CHIA”) goal is to implement Deng Xiaoping's thinking of "high-tech development will industrialize the spirit of the inscription”. Wang Ganchang, Ma Bin, and other well-known scientists and economists launched CHIA in October 1993. It is from the scientific community, the business community, colleges and universities, research institutes and government departments, experts and professors, celebrities, social activists, economists, entrepreneurs, management and technology workers that a cross-sector interdisciplinary approach can be taken using different branches of the national society groups. According to the Ministry of Civil Affairs, CHIA is registered in a science and technology corporation, and is in charge of the China Association for Science and Technology. CHIA has been linked with the China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, and has extensive social connections and influence in society. CHIA will work with industry, the economy, education, and the management community for the realization of a comprehensive building of a well-off society with a greater goal for technology - the role of productivity and working together.
World Platforms
Lance Morginn
CEO / DIRECTOR
This press release does not constitute an offer to sell, or a solicitation of an offer to sell, any of the foregoing securities in the United States. None of the foregoing securities have been and, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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