Worldlink Group Announce Win of Paros Court Case (6349Y)
March 05 2012 - 1:00AM
UK Regulatory
TIDMWGP
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
GBP150,000 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
END
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