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UNITED          STATES

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|                                         New                Jersey                                                                                                                                                                         22-1848316                              -------------------------------                                                                                                                                                        -----------------------                           (State or other jurisdiction                of                                                                                                                                     (I.R.S. Employer                ID No.)                            incorporation or organization) |
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|                                                                                                                               |   | Page   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                               |   |   |   |   |
| Condensed                Balance Sheets as of March 31, 2003                                                                       |   | 3      |   |   |
| Condensed                Statements of Operations for the three months ended March 31, 2003                and                2002 |   | 4      |   |   |
| Condensed                Statement of cash flows for the three months ended March 31, 2003                and                2002  |   | 5      |   |   |
| Notes                to Financial Statements                                                                                       |   | 6-9    |   |   |
|                                                                                                                               |   |   |   |   |

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| Worlds.com, Inc.Balance Sheets(Unaudited)As of March 31,                2003                                            |
|-------------------------------------------------------------------------------------------------------------------------|
| Current                Assets                                                                                           |   |   |   |
| Cash                and cash                equivalents                                                                 |   |  $ | 5,372 |   |
|                                                                                                                    |   |   |   |   |
|                                                                                                                    |   |   |   |   |
| Total                Current                Assets                                                                      |   |   | 5,372 |   |
|                                                                                                                    |   |   |   |   |
|  Property                and                equipment  net of                                            |   |   |   |   |
|  accumulated                depreciation                                                                           |   |   | - |   |
|                                                                                                                    |   |   |   |   |
|                                                                                                                    |   |   |   |   |
| TOTAL                ASSETS                                                                                             |   |  $ | 5,372 |   |
|                                                                                                                    |   |   |   |   |
|                                                                                                                    |   |   |   |   |
|                                                                                                                    |   |   |   |   |
| Current                Liabilities                                                                                      |   |   |   |   |
| Accounts                payable                                                                                         |   |   | 1,145,704 |   |
| Accrued                expenses                                                                                         |   |   | 819,912 |   |
| Deferred                Revenue                                                                                         |   |   | 631,950 |   |
|  Current                maturities notes                payable                                                    |   |   | 2,221,969 |   |
|                                                                                                                    |   |   |   |   |
| Total                Current                Liabilities                                                                 |   |   | 4,819,536 |   |
|                                                                                                                    |   |   |   |   |
|                                                                                                                    |   |   |   |   |
| Stockholders                Equity                (Deficit)                                                             |   |   |   |   |
|                                                                                                                    |   |   |   |   |
| Common                stock                                                                                             |   |   | 33,824 |   |
| Additional                Paid in                Capital                                                                |   |   | 20,146,723 |   |
| Accumulated                Deficit                                                                                      |   |   | (24,994,709 | ) |
|                                                                                                                    |   |   |   |   |
| Total                stockholders                deficit                                                                |   |  $ | (4,814,163 | ) |
|                                                                                                                    |   |   |   |   |
|  Total                Liabilities and                stockholders deficit                                          |   |  $ | 5,372 |   |
| The accompanying                notes                are an integral part of these financial                statements. |

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| Worlds.com,                  Inc.Statements                  of operations(Unaudited)For                  the                  three months ended March 31, 2003 and 2002 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                      |   |   | Three                  months ended March                  31, |   |
|                                                                                                                                                                      |   |   | 2003 |   |   | 2002 |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |
| Revenues                                                                                                                                                                  |   |   |   |   |   |   |   |
|                                                                                                                                                                      | Revenue |   |  $ | - |   |   |  $ | 83,948.00 |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| Cost                  and                  Expenses                                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      | Cost                  of                  Revenue |   |   | 11,080 |   |   |   | 14,514 |   |
|                                                                                                                                                                      | Selling                  General &                  Admin |   |   | 2,298 |   |   |   | 1,816 |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      | Operating                    income (loss) |   |   | (13,379 | ) |   |   | 67,618 |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| Other                  Income                  Expense                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      | Interest                  Income |   |   | - |   |   |   | - |   |
|                                                                                                                                                                      | Interest                  Expense |   |   | 38,461 |   |   |   | 38,461 |   |
|                                                                                                                                                                      | Offering                  Expense |   |   | - |   |   |   | - |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| Net                  Gain/(Loss)                                                                                                                                          |   |  $ | (51,840 | ) |   |  $ | 29,157 |   |
| The accompanying                  notes                  are an integral part of these financial                  statements.                                             |

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| Worlds.com,                  Inc.Statements of cash flows(Unaudited)For the three months ended                  March 31,                  2003 and 2002 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                     |   | 2003 |   |   | 2002 |   |
| Cash                  flows from operating                  activities                                                                                   |   |   |   |   |   |   |
|  Net                  Income/(loss)                                                                                                                 |   |  $ | (51,840 | ) |   |  $ | 29,157 |   |
| Adjustments                  to reconcile net loss                  to net cash used                                                                     |   |   |   |   |   |   |   |   |
|  in                  operating                  activities                                                                                          |   |   | -  |   |   |   | -  |   |
|  Dep&                  amort                                                                                                                    |   |   |   |   |   |   | - |   |
| Accretion                  of deferred                  revenue                                                                                          |   |   | - |   |   |   | (66,937 | ) |
|  Accounts                  receivable                                                                                                               |   |   |   |   |   |   | - |   |
|   Prepaid                  expenses and                  other current assets                                                                  |   |   | -  |   |   |   | -  |   |
|                    inventories                                                                                                                      |   |   |   |   |   |   |   |   |
|  accounts                  payable and                  accrued expenses                                                                            |   |   | 38,461 |   |   |   | 38,596 |   |
| Loan                                                                                                                                                     |   |   | 6,000 |   |   |   | - |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Net                  cash used in operating                  activities                                                                                  |   |   | (7,379 | ) |   |   | 816 |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Cash                  flows from investing                  activities                                                                                   |   |   |   |   |   |   |   |   |
|  Acquisition                  of property and                  equipment                                                                            |   |   | -  |   |   |   | - |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Net                  cash used in investing                  activities                                                                                  |   |   | -  |   |   |   | -  |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
|  Cash                  flows from financing                  activities                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Net                  cash provided from investing                  activities                                                                            |   |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   | -  |   |   |   | -  |   |
|  Net                  increase(decrease) in                  cash                                                                                   |   |   | (7,379 | ) |   |   | 816 |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Cash                  beginning of                  period                                                                                               |   |   | 12,750 |   |   |   | 5,888 |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Cash                  end of                  period                                                                                                     |   |  $ | 5,372 |   |   |  $ | 6,704 |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Supplemental                  disclosure of cash                  flow information:                                                                      |   |   |   |   |   |   |   |   |
|  Cash                  paid during the year                  for                                                                                    |   |   |   |   |   |   |   |   |
| Interest                                                                                                                                                 |   |   | - |   |   |   | - |   |
| Income                  taxes                                                                                                                            |   |   | - |   |   |   | - |   |
| The accompanying                    notes                    are an integral part of these financial                    statements.                      |

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Liquidity      and Capital Resources

    During      the first quarter of 2008 our Certifying      Officers evaluated the effectiveness of our disclosure controls and procedures.      Based on the evaluation, the Certifying Officers concluded that our disclosure      controls and procedures were effective to provide reasonable assurance that      information required as of the end of the period covered by this      report

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None.

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|                                            By: /s/                Thomas Kidrin                                                 Thomas                Kidrin                                                President,                CEO                and Treasurer                                          By: /s/                Christopher Ryan                                                  Christopher                Ryan                                                 Chief                Financial Officer                and                                                 Principal                Accounting                Officer |
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