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Form 8-K for WORLD GOLF LEAGUE INC
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28-Aug-2006

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial


ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR
WGL Entertainment Holdings, Inc., formerly The World Golf League, Inc. (the "Company") filed a Certificate of Amendment ("Amendment") to its Articles of Incorporation with the Secretary of State of Delaware, which became effective August 22, 2006, to affect a name change, increase its authorized shares, and reauthorize the par value of its common stock. The Amendment affected a name change of the Company to "WGL Entertainment Holdings, Inc.", increased the authorized shares of the Company to ten billion (10,000,000,000) shares of common stock, $0.001 par value per share and re-authorized the issuance of ten million (10,000,000) shares of preferred stock, $0.001 par value per share.

The Board of Directors of the Company is hereby granted the power to authorize by resolution, duly adopted from time to time, the issuance of any or all of the preferred stock in any number of classes or series within such classes and to set all terms of such preferred stock of any class or series, including, without limitation, its powers, preferences, rights, privileges, qualifications, restrictions and/or limitations. The powers, preferences, rights, privileges, qualifications, restrictions and limitations of each class or series of the preferred stock, if any, may differ from those of any and all other classes or other series at any time outstanding. Any shares of any one series of preferred stock shall be identical in all respects with all other shares of such series, except that shares of any one series issued at different times may differ as to the dates from which dividends thereof shall be cumulative.

The Amendment was approved at the Company's special meeting of shareholders ("Meeting") held August 16, 2006. The number of voting shares of the Company outstanding as of the record date of the Meeting, July 14, 2006 ("Record Date"), was 5,499,994,293 shares, which included 2,499,944,293 shares of common stock outstanding and 10,000,000 shares of preferred stock outstanding, which preferred stock has the right to vote 3,000,000,000 shares of our common stock (with each preferred stock share having the right to vote 300 shares of common stock), and the number of shares entitled to vote at the Meeting was the same.

The Amendment was approved at the Meeting by our Chief Executive Officer and Director, Michael S. Pagnano, who individually beneficially owned 37,219,368 shares of common stock, or 1.5% of our outstanding common stock and 10,000,000 shares of preferred stock representing 100% of our outstanding preferred stock as of the Record Date. Due to Mr. Pagnano's common and preferred stock ownership, which preferred stock allows him to vote an amount equal to 3,000,000,000 shares of common stock; he was able to vote 3,037,219,368 shares or 55.2% of our outstanding voting stock at the Meeting.

As a result of the name change, the Company's common stock will trade under the new stock symbol "WGLE" beginning on August 29, 2006.


ITEM 9.1 FINANCIAL STATEMENTS AND EXHIBITS
c) Exhibits:

3.1 Certificate of Amendment to the Certificate of Incorporation of the Company

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Posts: 3387 | Registered: Mar 2006  |  IP: Logged | 

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Originally posted by Jo4321:
Don't know, the Pre 14k that first mentioned it was issued 7/11/2006. The shareholders meeting was 8/16/2006. Could be anytime.

I'm through with this though, I sold at a loss a few weeks ago at .0007

Guess the only place we'll see John O'Hurley is on "Dancing with the Stars". LOL

Jo

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Posts: 391 | From: Tallinn, Estonia | Registered: Aug 2004  |  IP: Logged | 

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WGL Entertainment to Partner With The Online Golf Challenge.Com

By Market Wire
Last Update: 9/5/2006 7:01:05 AM Data provided by

ORLANDO, FL, Sep 05, 2006 (MARKET WIRE via COMTEX) -- WGL Entertainment Holdings, Inc. (WGLE) announced today that it will form a strategic alliance with Online Golf Challenge.Com to host worldwide qualifiers for the WGL Million Dollar Shootout (MDSO) season two. Players from all over the world will pay a $39.00 entrance fee and play four virtual rounds of golf on four different world-class venues. Six players from four different handicap classes (A, B, C & D -- 24 total) will be selected to participate in MDSO ll, based on the lowest four round total score. The qualifiers will begin in October 2006 and continue through March 2007. MDSO ll North America is scheduled to be produced in April 2007.

"The Online Golf Challenge allows WGL Entertainment to expose the MDSO to a worldwide audience while providing players from all over the world the opportunity to participate in future programs. WGL Entertainment plans to produce a European, Australian and Asian version of the MDSO for airing exclusively in those markets for 2007 and beyond. Online qualifier entrance fees will support the cost of production and prize payouts. Based on Online Golf Challenge.Com research, as many as one million players worldwide could participate in MDSO qualifiers," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. The Internet qualifier is only the beginning for the MDSO brand online and will actually lead to mini shootouts being played online all year long.

WGL Entertainment Holdings, 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.

The Online Golf Challenge.Com provides a PGA Tour like experience where players compete on world-class venues in an online setting for cash prizes.

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: WGL Entertainment Holdings, Inc.

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