EX-99.1
3
v128227_ex99-1.htm
Unassociated Document
Exhibit
99.1
FOR
IMMEDIATE RELEASE
October
1, 2008
For
more information:
Kenneth
Torosian
Jordan
M. Darrow
Chief
Financial Officer
Investor
Relations
Medialink
Worldwide Incorporated
Darrow
Associates, Inc.
Tel:
(212) 682-8300
Tel:
(631) 367-1866
IR@medialink.com
jdarrow@darrowir.com
MEDIALINK
FINALIZES SALE OF UK-BASED MEDIA COMMUNICATIONS
S
ERVICES
BUSINESS CLIENT LIST
NEW
YORK, October 1, 2008
-
Medialink Worldwide Incorporated (Nasdaq: MDLK), a
leading
provider of diversified media services for professional communicators and
marketers, today
announced that it closed the previously announced sale of the client list of
its
UK-based media communications services business to World Television Group plc.
Under
the
terms of the transaction, Medialink will receive from World a percentage of
the
gross profit derived from the clients included on the client list for a period
of eighteen months. The transaction was effective as of October 1, 2008.
Medialink's remaining media communications services business in the United
States will continue to service both the domestic and international needs of
its
clients. Medialink and World are also discussing a mutual affiliate agreement
under which they will provide media communications services to each other's
clients.
About
Medialink:
Medialink
is a global leader in providing unique news and marketing media strategies
and
solutions that enable corporations and organizations to inform and educate
their
target audiences with maximum impact on television, radio and the Internet.
The
Company offers creative services and multimedia distribution programs including
video and audio news and short-form programming. Based in New York, Medialink
has offices in major cities throughout the United States. For additional
investor and financial information, please visit the Investor Relations section
of the Company's Web site (www.medialink.com).
Medialink
Finalizes Sale of UK-Based Media Communications Services Business
Client
List
Page
2 of
2
###
With
the exception of the historical information contained in the release, the
matters described herein contain certain "forward-looking statements" that are
made pursuant to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements in this release are not promises
or guarantees and are subject to risks and uncertainties that could cause our
actual results to differ materially from those anticipated. These statements
are
based on management's current expectations and are naturally subject to
uncertainty and changes in circumstances. We caution you not to place undue
reliance upon any such forward-looking statements, which speak only as of the
date made. Actual results may vary materially from those expressed or implied
by
the statements herein. Such statements may relate, among other things, to our
ability to respond to economic changes and improve operational efficiency,
the
benefits of our products to be realized by our customers, or our plans,
objectives, and expected financial and operating results. Forward-looking
statements may also include, without limitation, any statement relating to
future events, conditions or circumstances or using words such as: will,
believe, anticipate, expect, could, may, estimate, project, plan, predict,
intend or similar expressions that involve risk or uncertainty. These risks
and
uncertainties include, among other things, our recent history of losses; our
ability to achieve profitability; potential regulatory action; worldwide
economic weakness; geopolitical conditions and continued threats of terrorism;
effectiveness of our cost reduction programs; the receptiveness of the media
to
our services; changes in our marketplace that could limit or reduce the
perceived value of our services to our clients; our ability to develop new
services and market acceptance of such services, such as Mediaseed®; the volume
and importance of breaking news, which can have the effect of crowding out
the
content we produce and deliver to broadcast outlets on behalf of our clients;
our ability to develop new products and services that keep pace with technology;
our ability to develop and maintain successful relationships with critical
vendors; future acquisitions or divestitures, which may adversely affect our
operations and financial results; the absence of long term contracts with
customers and vendors; and increased competition, which may have an adverse
effect on pricing, revenues, gross margins and our customer base. More detailed
information about these risk factors is set forth in filings by Medialink
Worldwide Incorporated with the Securities and Exchange Commission, including
the Company's registration statement, most recent quarterly report on Form 10-Q,
most recent annual report on Form 10-K and other publicly available information
regarding the Company. Medialink Worldwide Incorporated is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information, future events
or otherwise.

EX - 99 . 1 3 v128227 _ ex99 - 1 . htm Un associated Document Exhibit 99 . 1 FOR IMMEDIATE RELEASE October 1 , 2008 For more information : Kenneth Torosian Jordan M . Darrow Chief Financial Officer Investor Relations Medialink Worldwide Incorporated Darrow Associates , Inc . Tel : ( 212 ) 682 - 8300 Tel : ( 631 ) 367 - 1866 IR@medialink.com jdarrow@darrowir.com MEDIALINK FINALIZES SALE OF UK - BASED MEDIA COMMUNICATIONS S ERVICES BUSINESS CLIENT LIST NEW YORK , October 1 , 2008 - Medialink Worldwide Incorporated ( Nasdaq : MDLK ) , a leading provider of diversified media services for professional communicators and marketers , today announced that it closed the previously announced sale of the client list of its UK - based media communications services business to World Television Group plc . Under the terms of the transaction , Medialink will receive from World a percentage of the gross profit derived from the clients included on the client list for a period of eighteen months . The transaction was effective as of October 1 , 2008 . Medialink 's remaining media communications services business in the United States will continue to service both the domestic and international needs of its clients . Medialink and World are also discussing a mutual affiliate agreement under which they will provide media communications services to each other 's clients . About Medialink : Medialink is a global leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their target audiences with maximum impact on television , radio and the Internet . The Company offers creative services and multimedia distribution programs including video and audio news and short - form programming . Based in New York , Medialink has offices in major cities throughout the United States . For additional investor and financial information , please visit the Investor Relations section of the Company 's Web site ( www.medialink.com ) . Medialink Finalizes Sale of UK - Based Media Communications Services Business Client List Page 2 of 2 # # # With the exception of the historical information contained in the release , the matters described herein contain certain " forward - looking statements " that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated . These statements are based on management 's current expectations and are naturally subject to uncertainty and changes in circumstances . We caution you not to place undue reliance upon any such forward - looking statements , which speak only as of the date made . Actual results may vary materially from those expressed or implied by the statements herein . Such statements may relate , among other things , to our ability to respond to economic changes and improve operational efficiency , the benefits of our products to be realized by our customers , or our plans , objectives , and expected financial and operating results . Forward - looking statements may also include , without limitation , any statement relating to future events , conditions or circumstances or using words such as : will , believe , anticipate , expect , could , may , estimate , project , plan , predict , intend or similar expressions that involve risk or uncertainty . These risks and uncertainties include , among other things , our recent history of losses ; our ability to achieve profitability ; potential regulatory action ; worldwide economic weakness ; geopolitical conditions and continued threats of terrorism ; effectiveness of our cost reduction programs ; the receptiveness of the media to our services ; changes in our marketplace that could limit or reduce the perceived value of our services to our clients ; our ability to develop new services and market acceptance of such services , such as Mediaseed ® ; the volume and importance of breaking news , which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients ; our ability to develop new products and services that keep pace with technology ; our ability to develop and maintain successful relationships with critical vendors ; future acquisitions or divestitures , which may adversely affect our operations and financial results ; the absence of long term contracts with customers and vendors ; and increased competition , which may have an adverse effect on pricing , revenues , gross margins and our customer base . More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission , including the Company 's registration statement , most recent quarterly report on Form 10 - Q , most recent annual report on Form 10 - K and other publicly available information regarding the Company . Medialink Worldwide Incorporated is under no obligation to ( and expressly disclaims any such obligation to ) update or alter its forward - looking statements whether as a result of new information , future events or otherwise .