
WILink plc Announces Appointments and Trading Update
Lincoln Partners to Advise on New Financing
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Richmond, VA - June 24, 2005 - WILink plc (LSE:WLK) a worldwide provider of online investor relations services and web-based communications solutions, announced today that Lincoln Partners, a Chicago based Investment Bank, has been appointed to advise the Company on strategic options to raise new financing for undertaking acquisitions, primarily in the USA. As previously announced, the options under consideration will include a greater private equity involvement in the ownership structure of the Company, which may include taking the business private. However, there can be no certainty that any offer for the Company will be made.
Effective 1st July 2005,
The Vcall® web events business continues to perform very strongly, with revenues in excess of double the equivalent period last year. PrecisionIR™ revenues are currently behind prior year and expectations, owing to weaker investor sentiment than anticipated. As previously announced, planned additional investment in sales and marketing is expected to adversely affect first half and full year profitability compared to the previous year.
“We are pleased to be working with Lincoln Partners to secure a financing plan to fund our growth," said J.
About
Lincoln Partners is an investment bank specializing in mergers & acquisition services, and private capital raising. Lincoln Partners focuses on select industries including automotive, aerospace, building products, business services, chemicals, consumer products, engineered products, electronics, food products, and transportation. Headquartered in
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