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From: Stig Agermose <stig.agermose@get2net.dk>
Date: Tue, 27 Jul 1999 08:59:47
Fwd Date: Wed, 28 Jul 1999 09:19:01 -0400
Subject: Another Non-UFO Corporation Tries To Cash-In


Source: Press release from "avaterra.com",

http://www.worldsaway.com/press/july99press.html#july22

Stig

***

AVATERRA.COM LAUNCHES SCI-FI VIRTUAL ZONE

First Element Launches Today in Cooperation with TriWay Promotions

**

SANTA CLARA, Calif., July 22, 1999 -- The success of television
shows like the X-Files points to our insatiable appetite for
information about UFOs. Capitalizing on this interest,
Avaterra.com, Inc. (AVAR-OTC/BB), a provider of avatar-based
technologies and services for the next generation of Internet
communities, launched today its latest VirtualZone called
VZscifi -- an online community of UFO experts and enthusiasts at
www.avaterra.com/VZscifi. The Zone will kick off with a virtual
area called UFOchat, produced in cooperation with TriWay
Promotions of Los Angeles, which opens today at 6:00 p.m. PST.

VZscifi will feature a range of Sci-Fi, UFO and fantasy content,
with UFOchat focused on top UFO researchers, renowned authors,
military personnel and lecturers coming together to conduct
online lectures, workshops, seminars and interactive sharing of
research and knowledge in real time. All of these activities are
happening within Avaterra.com's graphically rich VirtualZones,
where visitors are represented on-screen as avatars -- or
customized graphical representations of themselves -- and can
see, talk and interact with other visitors.

"This launch marks another milestone in our strategy to build
commercially sponsored, targeted Internet communities based on
our VirtualZone concept," said David Andrews, president and CEO
of Avaterra.com. "UFOs and the paranormal are popular topics on
the Internet, so we expect to generate tremendous traffic to our
new VZscifi zone."

Marcia Pellitteri, CEO of TriWay Promotions, is credited with
booking the leading UFO experts who will be conducting daily
chats and events. Participants include Jim Hickman of SkyWatch
International, Derrel Sims, CM.Ht., R.H.A., former intelligence
staff for the C.I.A., popular author Dr. Roger Leir, retired Air
Force Major George Filer, John Carpenter, Joyce Murphy and many
others.

"We're providing a place where people from all over the world
can access the latest research information about UFOs,"
explained Pellitteri. "And by hosting this community inside
Avaterra.com's avatar-inhabited environment on the Internet,
we're able to have people interact in real time with
knowledgeable speakers and participate in interactive workshops
with leading researchers and celebrities in the UFO field."


About Avaterra.com, Inc.


Avaterra.com was formed in May 1999, when it acquired core
technologies from Fujitsu's WorldsAway Products and Services
Group, in order to develop its VirtualZone business model. The
company builds VirtualZone communities on the Internet where
consumers interact, play, shop, educate and socialize within a
graphical environment where they and other visitors are
represented as avatars (customized graphical representations of
themselves). VirtualZones are built around specific topics to
attracted targeted audiences, and they are commercially
sponsored by brand advertisers. Avaterra.com's two showcase
VirtualZones have been online for more than three years and
include members from around the world, meeting 24 hours a day.

Avaterra.com provides superior community-building technology
with features like customizable graphics, high subscriber
involvement, a working economy based on tokens, several
patent-pending tools for social order and management, and one of
the highest "stickiness" factors on the web (with an average
session length of 3.5 hours). The company derives revenue from
its unique advertising venues, fee-based membership, custom
virtual community development and software co-licensing.

Avaterra.com is publicly traded on the OTC Bulletin Board under
ticker symbol AVAR. For more investor information, please call
1-888-845-5853 or e-mail ir@avaterra.com, or visit the company
web site at http://www.avaterra.com.

In keeping with U.S. law, Avaterra.com, Inc. notes that this
press release includes forward-looking statements. Actual
results may vary significantly due to various risks and
uncertainties. Those include, but are not limited to, the risk
that new technologies are inherently subject to development,
timing and consumer acceptance risks.


All trademarks, trade names, registered trademarks, or
registered trade names are property of their respective holders.

CONTACT:
Mark X. Addison
Avaterra.com, Inc.
maddison@avaterra.com
408-845-9050, x316 Investor Relations
ir@avaterra.com
1-888-845-5853
www.avaterra.com

Copyright 1999 Avaterra.com, Inc.