Per July 12th PR:
WSGF) World Series of Golf Takes Next Steps to Acquire Operation With Approximately $20 Million in Annual Sales
World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today announced the Company plans to continue its efforts to acquire a technology company identified as a strategic opportunity to support the Company's recently announced updated objective to prioritize and accelerate the development of a World Series of Golf information technology asset. This announcement comes after the completion of a site visit to the acquisition candidate's headquarters in Latin America the week of July 4th by a representative, which was conducted as a next step in acquisition due diligence and negotiations. The report back from the representative was encouraging and the Company will continue to move forward on the negotiations to acquire the technology service firm which has approximately $20 million in annual sales. World Series of Golf plans to make a formal offer to acquire the Latin America technology company later this month.
Separately, the Company is developing a new marketing and communications plan to support the Company's recent business strategy update. Management and stakeholders recently convened to develop a new parallel strategy to develop the Company's information technology assets and entertainment assets separately rather than continuing with the development of a single integrated information technology and entertainment asset.
World Series of Golf has developed a unique skill based method of play for land based and virtual games combining the rules of golf and Texas Hold'em Poker. The Company owns a patent on its virtual method of play and has a patent pending for the land based events utilizing the method of play.
Come on PR tomorrow....
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