LONDON, October 4, 2012 /PRNewswire/ --
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
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 http://www.worldlink-products.com.
For further information please contact:
Neil Riches +44-(0)1737-221-078
Worldlink Group Plc