Medialink Announces Stock Buyback Program

Repurchase of up to 150,000 shares approved by board of directors

NEW YORK, March 31 /PRNewswire-FirstCall/ -- Medialink Worldwide
Incorporated (Nasdaq: MDLK), a leading provider of diversified media services
for professional communicators and marketers and, through its Teletrax(R)
subsidiaries, a global provider of digital tracking services to video content
owners, today announced that its board of directors has approved a plan to buy
back up to 150,000 shares of the Company's outstanding common stock. Subject
to certain restrictions and conditions, the Company may purchase shares of its
common stock from time to time at the discretion of executive management. The
board of directors has approved this stock buyback program in the face of
recent volatility in the financial markets.
About Medialink:
Medialink is a global 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,
print, and the Internet. The Company offers creative services and multimedia
distribution programs including video and audio news and short-form
programming. Through its majority-owned subsidiaries, Medialink also provides
Teletrax, a global television tracking and media asset management service to
help clients evaluate return on investment from their programming and
advertising efforts. Teletrax is 76%-owned by Medialink and 24%-owned by
Royal Philips Electronics. Based in New York, Medialink has offices in major
cities throughout the United States and an international hub in London. For
additional investor and financial information, please visit the Investor
Relations section of the Company's Web site (www.medialink.com).
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 or maintain profitability;
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(TM); 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; the process of
embedding a Teletrax watermark or the watermark itself rendering client
content unsuitable for broadcast; our ability to develop and maintain
successful relationships with critical vendors; the potential negative effects
of our international operations on the Company; 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.
For more information:
Kenneth Torosian Jordan M. Darrow
Chief Financial Officer Investor Relations
Medialink Worldwide Incorporated Darrow Associates, Inc.
Tel: (212) 682-8300 Tel: (631) 367-1866
IR@medialink.com jdarrow@darrowir.com

SOURCE Medialink Worldwide Incorporated

Kenneth Torosian, Chief Financial Officer, Medialink Worldwide Incorporated,
+1-212-682-8300, IR@medialink.com, or Jordan M. Darrow, Investor Relations,
Darrow Associates, Inc., +1-631-367-1866, jdarrow@darrowir.com