Lamest PR Hall Of Fame

[alexindef]

King of the fluff:

Today:
WGL Entertainment Holdings, Inc. to Initiate Stock Repurchase Plan
Market Wire "US Press Releases "
LAKE MARY, FL -- (MARKET WIRE) -- 05/15/08 -- WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that it will start buying its shares back in the open market beginning July 7, 2008. Up to $250,000 worth of WEHI will be purchased over the course of two months, retiring approximately one billion shares. Revenues from the national and regional airings of the MDSO as well as the online golf challenge will be used to support the buyback. In addition, WGL Entertainment Holdings, Inc. will retire all convertible debentures outstanding by August 1, 2008 totaling approximately $300,000.
"It is anticipated that WGL Entertainment Holdings, Inc. share value will rise to approximately 20 cents after the buyback is completed. With no convertible debt outstanding, stock dilution will stop completely and our shares can trade on pure market fundamentals," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. Mr. Pagnano went on to say that equity financing is being arranged for the production of MDSO II in the amount of $1.7 Million and will not be tied to the company stock. The investor group will become a minority partner in the revenue stream of the Online Golf Challenge and MDSO II. "We have a very solid plan in place to stabilize our price per share and reward our loyal shareholders who have stayed the course over the past four years."

Less than 3 month ago:
WGL Entertainment Holdings, Inc. Approves a 200 to 1 Reverse Split Effective February 25, 2008
Market Wire "US Press Releases "
LAKE MARY, FL -- (MARKET WIRE) -- 02/25/08 -- WGL Entertainment Holdings, Inc. (PINKSHEETS: WGLT) announced today that its board of directors has approved a 200 to 1 reverse split effective February 25, 2008. The new trading symbol will be (PINKSHEETS: WEHI) effective immediately. The common shares outstanding will go from approximately 5 billion to 2,500,000.