SOURCE: GoIP Global, Inc.

GoIP Global, Inc.

October 17, 2010 12:14 ET

GoIP Global (GOIG) Signs LOI to Acquire US Subsidiary of UK Company Which Owns Mobile Technology, Patents and Platform

NEW YORK, NY--(Marketwire - October 17, 2010) -  GoIP Global, Inc. (PINKSHEETS: GOIG) (FRANKFURT: 3GG1) announced today that a LOI was signed between GOIP and Worldlink Group PLC (FRANKFURT: WLO1), a UK based public company, to acquire their US subsidiary that holds US rights for Worldlink's patented technology and platform.

Worldlink Group PLC (www.worldlinkits.com) processes and develops solutions to access real-time information by individuals and organizations over mobile telecommunications networks. It offers mobilmarkets, which facilitates download on a data set selected by the recipient. The company's process is used in the financial services industry; and other industries and activities, such as sports information services, transport data, external media reporting, medicine, as well as the mobilization of Internet portals. Worldlink Group PLC was founded in 1998 and is based in the United Kingdom.

Ike Sutton, GoIP Global CEO, commented, "This acquisition is subject to due diligence and customary closing conditions. GoIP will be acquiring this asset for convertible preferred stock. The acquisition, when closed, will increase the valuation of GoIP, provide substantial increase in revenues and licensing fees. The US value for the Patents held by Worldlink are currently being evaluated. This strategic relationship with Worldlink has numerous advantages for GoIP and Worldlink and their shareholders."

Neil Riches, Worldlink's Managing Director, said, "We're pleased with the proposed transaction and launching our program in the US. We have been very impressed by GOIG's technical capabilities and ambition to become a leading provider of wireless technologies. We are confident that our joint technology solution should enable GOIG and Worldlink PLC to profit in the fast-growing wireless space and beyond."

About GoIP Global, Inc. and GO800, LLC
GoIP Global offers a range of services, solutions and tools for brands, agencies, content providers, online portals, entertainment and media companies. GoIP Global offers brand and content customers great flexibility in creating mobile marketing campaigns and applications. Through its subsidiary GO800, LLC, GO800™, a new patent pending text messaging service, which launched in 2010, enables advertisers to incorporate a text prompt in their advertisements, prompting consumers to contact them through a text message rather than calling a 1-800 toll free number. For More Information visit www.goipglobal.comwww.go800corp.com or www.facebook.com/go800. The GO800 video can be viewed and shared on iPhone, Blackberry, or Android from this URL: http://go800.delivr.com/1194v. To hear GoIP's weekly recorded update TEXT GOIG to 46800.

About Worldlink PLC
Worldlink, one of the fastest growing providers of real-time data products and services to mobiles and desktops. Worldlink, founded by Neil Riches, owns a patent protected technology platform for the transfer of real time financial and other data to mobile devices. The patent is protected in both the UK, US and is pending in Europe. The patented technology allows the development of mobile applications that provide data and information which can be delivered, displayed and updated instantly. The technology allows access to the markets, share prices and latest news, where and whenever it is needed. The patented process and method allows changing data to be sent efficiently across mobile telecommunications networks as only the changed data is transmitted. Initially developed to deliver financial information to a mobile device, the technique is applicable to any changing data such as travel or sports information. Worldlink's unique patented methodology applies to all mobile devices, all mobile operating systems and all mobile telecommunications networks. A key strength of the patent is that the commercial value increases as future technologies become available.

Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.'s control. In addition to those discussed in GoIP Global, Inc.'s press releases, public filings, and statements by GoIP Global, Inc.'s management, including, but not limited to, GoIP Global, Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.'s ability to raise additional capital to fund future operations, GoIP Global, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:

    Equiti Trend
    Investor Relations
    1-800-953-3350

    Mina Mar Group
    Investor Relations
    1-647-426-1640