Austin, Texas - There are now more than 100 virtual worlds operating or that are in development which target the 18-and-under youth market, according to a report from virtual worlds trade media company Virtual Worlds Management.

San Jose, Calif. - Venture capital, technology and media firms have invested more than $1 billion in 35 virtual worlds companies over the past 12 months, according to a report from Virtual Worlds Management, a producer of trade events and media for the industry.