Tuesday, October 17, 2006

Venezuelan Investor Tomasello Raises Stake in WorldGate (WGAT) to 7.5%

In an amended 13D filing on WorldGate Communications (Nasdaq: WGAT) today, Venezuelan investor Antonio Tomasello disclosed a 7.5% stake (3.01 million share) in the company. This is up from the 7.02% stake Tomasello disclosed in a 10/04 filing and the 5% stake he disclosed in the original 13D filing on 08/07.
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