Medialink Announces Approval of Merger Agreement
September 25 2009 - 2:15PM
PR Newswire (US)
Shareholders Approve Merger Agreement with The NewsMarket NEW YORK,
Sept. 25 /PRNewswire-FirstCall/ -- Medialink Worldwide Incorporated
(NASDAQ:MDLK), a leading provider of diversified media services for
professional communicators and marketers, today announced that its
shareholders approved the Agreement and Plan of Merger with The
NewsMarket, Inc, and its wholly-owned subsidiary. At the Special
Meeting held today, Medialink's shareholders voted on the approval
and adoption of the Agreement and Plan of Merger as follows: For:
3,640,507 Against: 319,983 Abstain: 24,784 The merger will be
completed upon the filing of a Certificate of Merger with the State
of Delaware, which is anticipated to happen no later than September
28, 2009. About Medialink: Medialink is a 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. 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 website (http://www.medialink.com/). About The
NewsMarket: The NewsMarket is the leading platform used by global
brands, governments and NGOs to communicate with all their key
audiences using video. The NewsMarket combines award-winning,
proprietary technology with a unique, strategic approach to support
the marketing programs of the world's leading brands. The company's
media site (http://www.thenewsmarket.com/) is used by more than
25,000 media outlets in 190 countries to view and order free news
video. Headquartered in New York, the company also has offices in
London, Ahmedabad, Mumbai, Beijing and San Francisco. 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; our ability to obtain financing
or other capital; our ability to remain a going concern and remain
in operation; the financial stability of our clients; 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.
DATASOURCE: Medialink Worldwide Incorporated CONTACT: Kenneth
Torosian, Chief Financial Officer of Medialink Worldwide
Incorporated, +1-212-682-8300, Web Site: http://www.medialink.com/
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