LAS VEGAS, NV–(Marketwire – May 19, 2011) – World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB:WSGF) today announced a strategic focus on the Company’s information technology experience as a primary path to revitalizing operations. 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. World Series of Golf recently announced a review underway of the Company’s current business plan with the intention of updating its overall strategy in the near future. Senior management and key stakeholders plan to meet next week as part of the review underway and to discuss strategic update considerations. The review and updates under consideration are exploring the potential benefit of developing a parallel strategy to separately develop an information technology asset and an entertainment asset rather than continuing with a strategy of developing a single integrated information technology and entertainment asset. Prioritizing the development of an information technology asset is anticipated to be the most efficient path to building a self sustaining operation while the Company continues to align the necessary partnerships to enable a vital land-based event. Management expects to bring the review and considerations to a conclusion in next week’s meetings.
About World Series of Golf, Inc.
Based in Las Vegas, World Series of Golf (www.worldseriesofgolf.com) is currently a global sports and entertainment company whose activities include land-based and online, skill-based golf events featuring a patent-protected method of play. For additional information, visit the company’s website atwww.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®’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.
World Series of Golf, Inc.