World Series of Golf, Inc. (WSGF) to Present Business Plan and Strategic Investment LOI in Webcast Wednesday
05 Aprile 2010 - 3:17PM
Marketwired
World Series of Golf, Inc. (PINKSHEETS: WSGF) is scheduled to
present more details on its renewed business plan and a letter of
intent (LOI) to receive a strategic equity investment in an
exclusive Webcast this Wednesday. Last week, the Company announced
entering into an LOI for a strategic investment and anticipates
finalizing the agreement within the next two weeks. The planned
investment is anticipated to help fuel the development of World
Series of Golf's online game with its partner The World Golf Tour
(www.wgt.com) and the Company as a premier live event and digital
experience organization.
The planned investment was introduced by the Small Equity
Initiative (www.smallequity.com) and its founder, Philip Verges.
Mr. Verges is the founder and chairman of NewMarket Technology,
Inc. (PINKSHEETS: NWMT) and China Crescent Enterprises, Inc.
(OTCBB: CCTR) and recently launched the Small Equity Initiative as
a not-for-profit organization dedicated to improving the small
business investment market for both entrepreneurs and
investors.
A link to the Webcast will be published Wednesday.
About World Series of Golf, Inc. Based in
Las Vegas, World Series of Golf (www.worldseriesofgolf.com) is a
global sports and entertainment company whose activities include
land-based and online, skill-based golf events featuring a
patent-pending method of play. World Series of Golf, combining the
skill of golf and wagering format of No-Limit Texas Hold'em poker,
was played at exclusive Las Vegas-area golf resorts in 2007 and
2008. The third annual World Series of Golf was played May 11-14,
2009, at the Las Vegas Paiute Golf Resort. The company plans to
achieve its international expansion goals through strategic
partnerships, sponsorships, and the founders' extensive experience
and contacts in the field of sports marketing. For additional
information, or to register for an event, visit the company's
website at www.worldseriesofgolf.com.
FORWARD-LOOKING STATEMENTS Statements made in this news release
may be forward-looking statements within the meaning of Federal
Securities laws that are subject to certain risks and uncertainties
and involve factors that may cause actual results to differ
materially from those projected or suggested. Factors that could
cause actual results to differ materially from those in
forward-looking statements include, but are not limited to: (1) the
availability of additional funds to enable us to successfully
pursue our business plan; (2) the uncertainties related to the
appeal and acceptance of our proprietary method of play and our
planned on-line products; (3) the success or failure of our
development of additional products and services; (4) our ability to
maintain, attract and integrate management personnel; (5) our
ability to secure suitable broadcast and sponsorship agreements;
(6) our ability to effectively market and sell our services to
current and new customers; (7) changes in the rules and regulations
governing our business; (8) the intensity of competition; and (9)
general economic conditions. Additional factors that could cause
actual results to differ materially from those projected or
suggested in any forward-looking statements are contained in World
Series of Golf's most recent periodic reports on Form 10-K and Form
10-Q that are filed with the Securities and Exchange Commission.
World Series of Golf assumes no obligation to update and supplement
forward-looking statements because of subsequent events.
Contact: World Series of Golf, Inc. info@worldseriesofgolf.com
702.740.1740
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