The World Golf League to Change Name
July 17, 2006 - 4:12 PM EDT
The World Golf League, Inc. (OTCBB: WGFL) announced today that it will change its name to WGL Holdings, Inc. in order to better reflect its new business model. WGL Holdings will be the parent for WGL Entertainment, the producer of the WGL Million Dollar Shootout Reality Television Series (MDSO) and will also seek to acquire entertainment and production properties that complement its business model. The WGL also announced that it does not expect to effect a reverse merger as previously stated in its 14A filing and has amended such in a new 14C filing.
"We are moving forward with our new vision of becoming the premier producer of sports entertainment projects," said Mike Pagnano, CEO of The WGL, Inc. "Also, we expect to close several markets for the MDSO very shortly for late summer and early fall airings. Additionally, Hot Days & Hot Nights is still slated for a fall production shoot."
The WGL produces through its wholly owned subsidiary, WGL Entertainment, the WGL Million Dollar Shootout Reality Television Series and plans several other sports entertainment products.
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. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Company takes no obligation to update or correct forward-looking statements.
Source: Market Wire (July 17, 2006 - 4:12 PM EDT)
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