posted
The WGL Moves Closer to Network Contract via COMTEX
May 12, 2005
ORLANDO, Fla., May 12, 2005 (PRIMEZONE via COMTEX) --
The World Golf League, Inc. (OTCBB:WGFL) announced today that it has finalized several issues regarding its Million Dollar Shootout reality television series. The script has been finalized and approved by all parties; the production budget has been approved and contestants have been narrowed to 40 individuals competing for 20 player slots.
"We have entered the final stage of negotiations to solidify our network deal for the Million Dollar Shootout," said Mike Pagnano, CEO The WGL, Inc. "We are all very excited about the upcoming production and airing of the Million Dollar Shootout and the value it will bring to the WGL and its shareholders for years to come," Mr. Pagnano went on to say.
The WGL markets a professional golf concept in the USA, which allows average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event. The WGL is also the producer of the Million Dollar Shootout reality television series and has awarded over $1,000,000 in prize money to date.
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.
SOURCE: World Golf League, Inc.
Posts: 391 | From: Tallinn, Estonia | Registered: Aug 2004
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posted
That's good news. Moving nice this morning, but it never seems to hold. IMHO this stock is way undervalued.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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posted
Got in a couple of days ago because it looked like the bottom at .003 , let's see if this dog can run a bit now .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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posted
WGL Wholesale Memberships Skyrocket via COMTEX
May 17, 2005
ORLANDO, Fla., May 17, 2005 (PRIMEZONE via COMTEX) --
The World Golf League, Inc. (OTCBB:WGFL) announced today that its wholesale memberships for the second quarter of 2005 are 70% ahead of first quarter to date. At the current pace the WGL expects to book over 12,000 new wholesale members and $600,000 in revenue during the second quarter 2005.
"This continued success reaffirms our expectations of the wholesale membership channel remaining a viable and profitable venue for the WGL for many years to come," said Mike Pagnano, CEO, The WGL, Inc. "As momentum grows, we estimate wholesale memberships to generate over $12,000,000 in revenues for the WGL on an annual basis," Mr. Pagnano went on to say.
The WGL markets a professional golf concept in the USA, which allows average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event. The WGL is also the producer of the Million Dollar Shootout reality television series and has awarded over $1,000,000 in prize money to date.
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.
SOURCE: World Golf League, Inc.
Posts: 391 | From: Tallinn, Estonia | Registered: Aug 2004
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posted
Reduce dilution, nice to hear. Maybe we can see this stock get back to the 1-2 cent range again, especially if it comes through on the reality series on a major network.
WGL Cancels 77.5 Million Shares of Common Stock Wednesday May 18, 4:00 pm ET
ORLANDO, Fla., May 18, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTC BB:WGFL.OB - News) announced today that effective immediately it has cancelled 77,535,376 of previously issued S8 shares of common stock. The consulting agreements associated with the issuance of the shares have been terminated and the WGL has no plans to enter into any additional consulting agreements at this time. The cancelled shares have been returned to WGL treasury stock.
``After careful review, we determined that the services contracted for could be more effectively performed in house, with a substantial savings to the WGL and its shareholders,'' said Mike Pagnano, CEO The WGL, Inc. ``The cancellation of the S8 shares significantly reduces the dilution of the WGL float and should be reflected shortly in the WGL share price. The WGL remains one of the most actively traded stocks on the OTCBB, with daily volume exceeding 7,000,000 shares and close to 6,000 individual shareholders,'' Mr. Pagnano went on to say.
-------------------- You Can't Have Everything...Where Would You Put It? Posts: 61 | From: Baltimore, Maryland | Registered: Feb 2004
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