15 October 2012
Company Update
The Board of Worldlink Group Plc ("Worldlink" or the "Company")
wishes to announce the following updates on the Company's financial
position:
Going Concern update
The Board wishes to announce that the Company is in negotiation
with a funder who will provide sufficient funds to the Company to
allow it to continue as a going concern until such time as the
Company is generating its own funds via its various agreements with
parties within the sports betting and gaming industries.
Further details will be announced once an agreement is
finalised.
Update on Financial Statements
The Board confirms that the audit of the Company's accounts for
the period ended 29 February 2012 is
in the final stages of completion. The audit has been held up
whilst the Board negotiates the Company's funding and going concern
situation. The Board hopes to be able to announce the final results
to 29 February 2012 by the end of
October, following final funding terms being agreed.
Notes to Editors
About Worldlink Worldlink is one of the UK's leading real-time
mobile applications companies with patented technology that allows
information held on the mobile device to be updated automatically
without the need for a manual refresh. Information is delivered via
a mobile telecommunications network in real time, whilst
intelligently minimising the bandwidth required to transmit the
data. The technology is patent protected in the US and UK and is
patent pending in Europe.Worldlink has already licensed its patents
to leading institutions in the financial and technology sectors and
is furthering this process in the UK, US and Europe.For more
information about Worldlink and its businesses please visit
www.worldlink-products.com.
Contact
For further information please contact:
Neil Riches 01737 221 078
Managing Director
Worldlink Group Plc