LAS VEGAS, NV–(Marketwire – December 14, 2010) – World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today announced an on-demand Webcast scheduled January 6, 2011 to present the Company’s plans for the upcoming fiscal year.
World Series of Golf recently announced a business plan update was launched by new CEO Patrick Brown. The new plan includes a continuation of the Company’s past golf tournaments that combine the wagering format of Texas Hold ‘Em and the skill of golf. Past World Series of Golf events have attracted celebrity players including Ray Romano, Phil Ivey, Daniel Negreanu and others. World Series of Golf® is a fully-reporting and audited company compliant and current with all regulations required to support transparency standards.
To support the updated business plan, the Company has recently entered into a strategic investment arrangement anticipated to infuse $1,446,500 over time. The details of the Note and Warrant Purchase Agreement entered into by the Company with the new investor have been filed in a public information statement and are available for review.
On November 30, 2010, the United States Patent Office assigned to the World Series of Golf Patent Number 7,841,933 for the method of conducting sports tournaments with wagering, including virtually and online. The Company is currently exploring various gaming options with top game developers, as we look to develop online, gaming console and freestanding kiosk gaming options. The explosion of motion-based gaming is a particularly good fit for our game and newly issued patent. The Company is continuing to pursue additional claims it has pending with patent office, which the Company and its patent counsel are optimistic about being successful.
The Company’s detailed plans for fiscal year 2011 will be presented in the on-demand webcast scheduled for January 6, 2011.
More information about the Company’s recent business plan update is available on the Company’s website (www.worldseriesofgolf.com) and includes a recent Webcast by CEO Patrick Brown with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and Greenfield Partnership Program Director Philip Verges. Mr. Verges reviews the milestone investment strategy in the presentation. The milestone investment strategy was developed to help enhance the return on investment opportunity for self-directed retail investors when investing in early-stage businesses.
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-protected 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.
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(r)’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(r) assumes no obligation to update and supplement forward-looking statements because of subsequent events.
World Series of Golf, Inc.