NEW YORK: Broadcast PR firm Medialink said in its earnings release today that it could cease operations if it doesn't receive third-party investment or attract a buyer.

The company “had cash and working capital totaling $5.4 million and $4.9 million, respectively, at December 31, 2008.” Citing a "history of operating losses" and expectation that operating losses will continue in 2009 due to the economic recession, the company's “sole source of capital is its working capital, which may not be sufficient ...