WSGF Huge news! WSGF Previews $10 Million Asset Acquisition
DALLAS, Dec. 12, 2019 /PRNewswire/ -- WSGF, Inc. (aka World Series of Golf, Inc.) (USOTC: WSGF) today announced that it will formally announce a current letter of intent (LOI) agreement on December 19, 2019. In an update issued earlier this week, the company made public an LOI to acquire a new business with a unique digital enterprise approach to empowering individuals to acquire and manage vacation properties. Today, WSGF is making public that the target business includes a real-estate asset with an estimated $10 million value. When the company makes a formal announcement of the LOI next week, on Thursday, December 19, 2019, more details on the business and the $10 million asset will be included. The acquisition itself is scheduled to close in early January.
WSGF has already disclosed that 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 to have been a $15 billion market in 2014 projected to reach $335 billion by 2025. WSGF has initiated efforts to update its public disclosures with the objective of meeting OTC Markets "Current Information Standard" reporting requirements. WSGF also plans to soon launch a new corporate website and to release more details on the target acquisition. Coming updates will also include plans for the company's existing sports and entertainment assets.
Disclaimer/Safe Harbor
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
WSGF Contact
Lawrence Bailey
Info@wsgfinc.com
+(800) 871-0376
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