NEW YORK, July 28 /PRNewswire-FirstCall/ -- Medialink Worldwide Incorporated (NASDAQ:MDLK), a leading provider of diversified media services for professional communicators and marketers, today announced that it filed its preliminary proxy statement with the Securities and Exchange Commission related to the previously announced merger with a subsidiary of The NewsMarket, Inc. As previously disclosed, on July 1, 2009, Medialink entered into a definitive Agreement and Plan of Merger pursuant to which The NewsMarket, through a newly-formed wholly-owned subsidiary, will acquire all of the outstanding shares of Medialink's common stock at a price of $0.20 per share in cash. The Merger Agreement is subject to approval by Medialink's shareholders. The preliminary proxy statement is subject to review by the Securities and Exchange Commission, upon completion of which Medialink will file a definitive proxy statement. The definitive proxy statement will be mailed to all of Medialink's shareholders approximately one week after its filing, and approval of the Merger Agreement will be voted on at a Special Meeting of shareholders that Medialink anticipates holding in September 2009. Medialink and The NewsMarket continue to work on a comprehensive integration strategy to ensure a smooth and speedy transition after closing. "We and The NewsMarket continue to be very excited about the merger and the prospects for the combined entity," said Kenneth Torosian, Chief Financial Officer of Medialink. "Having now removed non-regulatory obstacles to the merger, we can proceed with working through the SEC review process to finalize the proxy and with obtaining shareholder approval for the transaction. During this time, our innovative and highly motivated team of professionals continues to provide our clients with the award-winning services that have made us an industry leader." "We look forward to receiving shareholder approval and completing the integration of Medialink and The NewsMarket. Since we announced the deal we have received positive customer feedback throughout, proving that the market demands a complete video solution marrying cutting-edge technology and consultative expertise," said Jim Lonergan, CEO and President of The NewsMarket. About Medialink: Medialink is a leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their target audiences with maximum impact on television, radio and the Internet. The Company offers creative services and multimedia distribution programs including video and audio news and short-form programming. Based in New York, Medialink has offices in major cities throughout the United States. For additional investor and financial information, please visit the Investor Relations section of the Company's Web site (http://www.medialink.com/). About The NewsMarket: The NewsMarket is the leading platform used by global brands, governments and NGOs to communicate with all their key audiences using video. The NewsMarket combines award-winning, proprietary technology with a unique, strategic approach to support the marketing programs of the world's leading brands. The company's media site (http://www.thenewsmarket.com/) is used by more than 25,000 media outlets in 190 countries to view and order free news video. Headquartered in New York, the company also has offices in London, Ahmedabad, Mumbai, Beijing and San Francisco. With the exception of the historical information contained in the release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Actual results may vary materially from those expressed or implied by the statements herein. Such statements may relate, among other things, to our ability to respond to economic changes and improve operational efficiency, the benefits of our products to be realized by our customers, or our plans, objectives, and expected financial and operating results. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances or using words such as: will, believe, anticipate, expect, could, may, estimate, project, plan, predict, intend or similar expressions that involve risk or uncertainty. These risks and uncertainties include, among other things, our recent history of losses; our ability to achieve profitability; our ability to obtain financing or other capital; our ability to remain a going concern and remain in operation; the financial stability of our clients; potential regulatory action; worldwide economic weakness; geopolitical conditions and continued threats of terrorism; effectiveness of our cost reduction programs; the receptiveness of the media to our services; changes in our marketplace that could limit or reduce the perceived value of our services to our clients; our ability to develop new services and market acceptance of such services, such as Mediaseed ; the volume and importance of breaking news, which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients; our ability to develop new products and services that keep pace with technology; our ability to develop and maintain successful relationships with critical vendors; future acquisitions or divestitures, which may adversely affect our operations and financial results; the absence of long term contracts with customers and vendors; and increased competition, which may have an adverse effect on pricing, revenues, gross margins and our customer base. More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10-Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. DATASOURCE: Medialink Worldwide Incorporated CONTACT: Kenneth Torosian, Chief Financial Officer, Medialink Worldwide Incorporated, +1-212-682-8300, ; or Jordan M. Darrow, Investor Relations, Darrow Associates, Inc., +1-631-367-1866, Web Site: http://www.medialink.com/

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