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Thursday, January 02, 2020 5:50:13 PM
On December 10, 2019, WSGF, Inc. (aka World Series of Golf, Inc.) (USOTC: WSGF) announced a management restructuring and business expansion. Until recently, WSGF has over the past several years maintained only minimal operations focused on protecting the company's assets consisting primarily of sports and entertainment industry specific intellectual property and corresponding proprietary industry knowledge. Earlier this year, WSGF launched an initiative to explore new business opportunities. As part of the initiative, WSGF engaged a new Chief Executive Officer (CEO) on an interim basis to manage the exploration for a new business opportunity and later integrate that new business opportunity. Attorney Lawrence Bailey is now serving as the WSGF CEO. In his capacity as CEO, Mr. Bailey has secured a letter of intent to acquire a new business with a unique digital enterprise approach to empowering individuals to acquire and manage vacation properties. The target acquisition is a shared economy prequel to existing shared economy applications such as Airbnb and Bookings.com. WSGF's pending acquisition is designed to give everyone access to acquiring a vacation property that can be marketed and leased through existing shared economy vacation apps. The shared economy was reported in a Forbes article published earlier this year (2019) to have been a $15 billion market in 2014 projected to reach $335 billion by 2025. The WSGF acquisition is scheduled to close in early January. In the meantime, WSGF has initiated efforts to update its public disclosures with the objective of meeting OTC Markets "Current Information Standard" reporting requirements. WSGF also has also launched this new corporate website and plans to make regular enhancements with more details on the company’s recent updates to this website. Coming updates will also include plans for the company's existing sports and entertainment assets.
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