WorldGate Gasps for Cash

5/13/2003 4:35 AM Eastern

WorldGate Communications Inc. said it doesn't have enough cash to continue
operations beyond June, and it just about begged for a new investor.

"We seek to obtain any and all expressions of interests in sufficient time to
ensure that we can properly evaluate all funding opportunities," the
interactive-TV provider said.

The company hired Boston Corporate Finance Inc. in March to "evaluate various
strategic and financing alternatives."

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