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Worldlink Group Plc (WGP)

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Monday 05 March, 2012

Worldlink Group Plc

Worldlink Group Announce Win of Paros Court Case

RNS Number : 6349Y
Worldlink Group Plc
05 March 2012
 



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

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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