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Worldlink Group Plc (WGP)

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Friday 05 October, 2012

Worldlink Group Plc

Update on Funding


4 October 2012

                               Update on funding                               

Following the announcement by Worldlink Group Plc ("Worldlink" or the
"Company") on 18 July 2012 that Across The Line Limited was to acquire 51% of
Worldlink's wholly owned subsidiary Worldlink Sport Limited in return for a
required amount of funding, the Company today announces that the agreement has
now been terminated due to the required funding not being delivered to the
Company. The agreement was terminated by Worldlink on the basis of total
non-performance by the contracting company and its principals.

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

a d v e r t i s e m e n t