Last checked at 5 Mar 2012 07:00
For release: 5 March 2012
Worldlink Group Announce Win of Paros Court Case
Worldlink Group Plc, (LSE: WGP) the UK listed Company with gatekeeper patents on providing changing data in real time for mobile devices are pleased to announce that they have concluded their case against Paros where the Court ruled that the cap of £150,000 did apply, although Paros had claimed otherwise. Worldlink also secured a costs order in their favour.
Neil Riches, Managing Director of Worldlink commented: 'We are very happy at this positive outcome to the case. Although we were in no doubt of our position as we indicated in the listing prospectus, it was nonetheless a drain on the company and we can now finally put it behind us and carry on in building a successful business.'
For further information, please contact:
Neil Riches 01737 221 078
Managing Director
Worldlink Group Plc
Mike Wort/Anna Dunphy 0207 556 1063/4
De Facto Financial
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, Europe, and the US, where partnerships have already been put into place.
For more information about Worldlink and its businesses please visit www.worldlink-data.com and www.worldlink-sports.com