Brookline, Mass. - Worlds.com, the developer of a technology platform for 3D virtual communities, has completed a private placement of equity in which raised about $480,000 at a purchase price of $0.30 per share.

Worlds.com' users create avatars that navigate through virtual worlds as well as build their own worlds on P2P networks.

The company said it raised the new investment funds "to continue our restructure and operations." Worlds.com was founded in 1994.

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