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Stockguru.com: Morning Updates for Wednesday, October 4, 2006 Featuring ZAP, WGL Entertainment Holdings, and Cavico


By M2
Last Update: 10/4/2006 8:33:45 AM
WGL Entertainment Holdings, Inc. (WGLE) - Tuesday's shares stayed even at $0.0004. The volume was 3,425,000. WGL Entertainment Holdings announced on September 5th that it is forming 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, through its wholly owned subsidiary WGL Entertainment (WGLE) produces made for Television Sports entertainment content. WGLE is the producer of the WGL Million Dollar Shootout Reality Television Series, which will air on network T.V. worldwide in the winter of 2007. WGLE also created the soon to be produced reality T.V. series Hot Days & Hot Nights (LPGA meets the Bachelor) and is co-producer of the Golf & Poker Invitational (PGA Tour players teamed with Poker Pro's).

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