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WILink plc Announces Appointments and Trading Update

Lincoln Partners to Advise on New Financing

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, Lee Godfrey, an Executive Director and currently Chief Operating Officer for Europe, is appointed Chief Operating Officer of WILink plc with global responsibility for sales and operations, reporting to Patrick Galleher, Chief Executive Officer. This appointment is one of a number planned to establish an integrated global organization better equipped to maximize sales, marketing and product development opportunities across core geographic and product markets.

 

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. Patrick Galleher, Chief Executive Officer. "We have identified key strategies to exploit our core competencies in new markets and appointing Lincoln Partners is an excellent next step in executing those strategies.”

 

About Lincoln Partners
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 Chicago, Lincoln Partners is a leading middle-market M&A advisor. The firm’s clients include major publicly traded companies, well-respected private equity firms and prominent entrepreneurial businesses. By committing hands-on senior banker attention, in-depth industry expertise and international resources to every transaction, Lincoln Partners produces outstanding results for its clients. For more information, visit www.lincolnpartners.com.

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