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Author Topic: WGFL News Out (.0007)
skip
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The WGL Closes $3.2 Million Financing Package
Jun 7, 2006 5:20:00 PM
ORLANDO, FL -- (MARKET WIRE) -- 06/07/06 -- The World Golf League, Inc. (OTCBB: WGFL) announced today that it has closed a $3.2 Million financing package with DLC Capital of Freehold, New Jersey. The deal calls for DLC Capital to issue The WGL a four hundred thousand dollar note at 10% interest per annum and purchase seven hundred million warrants at .004 or $2,800,000. The warrants are convertible into WGL common shares over a three year period. The WGL also announced that it will retire the Golden Gate Investors Convertible Debenture which came due June 4, 2006.

"Our new financing package provides us with funding options which are far superior then those we had in the past," said Mike Pagnano, CEO The World Golf League, Inc. "The sale of warrants will be at our sole discretion and at a price which is significantly better than the current market value of our common shares. It is a testament to our new business model and the potential revenue to be generated from the WGL Million Dollar Shootout, as well as future WGL Entertainment productions, which allow DLC Capital to be so optimistic about the future of The WGL, Inc. The WGL Million Dollar Shootout Reality Series is close to finalizing several distribution deals in the United States, Canada, Europe and Asia. Also, WGL Entertainment has committed to produce it's new Reality Series, 'Hot Day's & Hot Night's' which will go into production in the fall of 2006."

The World Golf League, Inc., through its subsidiary WGL Entertainment is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2006 and beyond.

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information contact:

Michael Pagnano
The WGL, Inc.
1-888-331-6272

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This is currently on sale after the drop off from it's last run...

Buy-if on *************

MACD just turning upward...

I'm not in this, just saw the news and thought I would post...do your own DD

Posts: 2741 | From: Seattle | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
skip
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There are other boards with lots of DD...here is the basic info...Thought a new board for the news was in order...

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WGFL -- World Golf League, Inc. (The)
Com ($0.001)

Search for Dun & Bradstreet reports on this company.

Address:
2139 SR 434
Suite 101
Longwood, FL 32779
USA


Website: http://worldgolfleague.com
Phone: 407-331-6272


Business Description: Not Available

State of Incorporation: Delaware


Country of Incorporation: USA


Officers:
Michael S. Pagnano,CEO & CFO;

Outstanding Shares: 408,824,154 as of 2004-04-12

Estimated Market Cap: Not Available


Current Capital Change:
shs increased by 10 for 1 split
Ex-Date: 2003-03-21
Record Date: 2003-03-21
Pay Date: 2003-03-21

Dividends:

Company Notes:
Formerly=Asia Pacific Trading, Inc. until 8-00
Formerly=Novus Laboratories, Inc. until 2-03


Class Notes:
Capital Change=shs increased by 3 for 1 split. Pay date=07/31/2000.
Capital Change=shs increased by 2.7 for 1 split concurrent with name change. Effective date=2-12-03


Transfer Agent:
Corporate Stock Transfer, Inc., Denver, CO 80209


The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.

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Johnwayne
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Yeah it's about time for Shakerzzz to start another pump job for this one.

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Thanks Matto. Thanks Juice.

Posts: 2945 | From: USA | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
skip
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Link to the largest thread I could find...

WGFL previous thread

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just noticed that volume was 2x 10 day average today and ended on an uptick

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skip
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just read back through the old thread...

ran to .0016 on no news on the last run...

I sold for a minor gain...might jump back in tomorrow...

your thoughts?

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STOCKGANGSTA
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its financing so i wouldnt get exited
Posts: 304 | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
   

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