Business News

Medialink Finalizes Sale of UK-Based Media Communications Services Business Client List

Thursday 02. October 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.