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Worldlink Group Plc (WGP)

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Monday 15 October, 2012

Worldlink Group Plc

Company Update


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

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