Worldlink Update on Funding
Worldlink Group plc (www.worldlink-data.com) announced today that it has obtained initial funding through the Special Private Placement Agreement (“SPPA”) as previously announced with Equity Partners
Online PR News – 09-July-2012 –Monday, July 9, 2012 | 12:00 PM ET Worldlink Group plc (www.worldlink-data.com) announced today that it has obtained initial funding through the Special Private Placement Agreement (“SPPA”) as previously announced with Equity Partners Fund (“EPF”).
Worldlink also raised additional capital through some referrals made indirectly by EPF. Speaking about its continuing relationship with EPF, Worldlink CEO Neil Riches said "The SPPA structure known as equity line funding, has been in use in the United States for about ten years. We are beginning to make use of this structure to assist us with our funding needs and we think it provides us with a long term solution and flexibility while not restricting us from raising additional capital at the same time. We would especially like to thank Alvin Donovan, Managing Director of EPF, for his referrals to institutional funding contacts as well as his assistance in helping us to identify acquisition candidates, which is an important part of our growth model. We are now working with EPF and Alvin Donovan for the purpose of identifying a strategic partner and possible addition to our board of directors who can assist us in the enforcement of our patent rights in the UK, US and Europe.”
Worldlink holds important patents over mobile networks through its wholly owned subsidiary Worldlink Information Technology Systems Limited. Worldlink designs, develops, and implements web based desktop and patent protected mobile services for the financial, sports information, and betting industries. However, the patent method covers any type of profiled changing data over any type of telecommunications networks. The UK and US patent numbers (the “Patents”) are GB 23 58 768 and US 7 194 468. The US patent also has an applied for continuation.
Neil Riches 01737 221 078
For information on Equity Partners Fund SPC go to www.equitypartnersfund.com
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.
About Equity Partners Fund SPC:
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