Worldlink Grp Regulatory News (WGP)

15 Oct 2012 17:44

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 078Managing DirectorWorldlink Group Plc