RNS Number : 2759V
Worldlink Group Plc
10 January 2012
For release: 10 January 2012
Worldlink Group Expands Financial Services for Client Base
Worldlink Group Plc, (LSE: WGP) the UK listed Company with gatekeeper patents on providing change data in real time for mobile devices announce today that they are expanding the execution only services they provide to their clients across mobile and desk top devices.
The expanded services are a result of a strategic link up with a European investment bank, which gives Worldlink access to global data feeds which their clients can now access. Using the expanded data feed Worldlink Brokers Limited, a 100% owned subsidiary of Worldlink Group Plc, Worldlink's clients will be able to trade on international markets in Shares, FX, Contract for Differences, Futures, and Fixed Income products. Currently Worldlink's clients only have access to UK domestic share trading through the mobile device and desktop with the mobile application being covered by its issued patents.
Neil Riches, MD of Worldlink said: "This is a very significant step for Worldlink. We have two synergistic strategies to build a sizeable business. Generate revenues from offering licences to operate using our issued patents and building a sustainable business in our own right which will continue beyond the expiration of the existing patents. This announcement is a very significant milestone as it will build additional revenues directly for the Group. Accessing the market data feeds and enhancing the service to our clients provides organic growth and it is the model for continually upgrading the services that we supply to our clients. The financial market is just as important to us as the sports betting market where cross-selling to clients provides a very cost effective way of both increasing the client database and building up a sizeable business while we still have patent protection. The other option open to us is the acquisition of additional businesses that align with what we want to build as our core business."
For further information please contact:
Neil Riches 01737 221 078
Worldlink Group Plc
Mike Wort/Anna Dunphy 0207 556 1063/4
De Facto Financial
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, 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
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