World Series of Golf (WSGF) Listing Upgraded to New OTCQB Market for All U.S. Registered and Reporting OTC Securities
April 08 2010 - 10:47AM
Marketwired
World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today
announced a listing on the new OTCQB market introduced this week to
better distinguish OTC securities that are registered and reporting
with U.S. regulators. World Series of Golf is a fully-reporting
company that recently announced a strategic equity investment and
business plan update. The strategic equity investor was introduced
by the Small Equity Initiative (www.smallequity.com), a
not-for-profit organization focused on improving the small business
capital market for entrepreneurs and small business investors. The
Small Equity Initiative was founded by Philip Verges, the Chairman
of NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT).
World Series of Golf Strategic Update
Webcast
World Series of Golf released an on-demand strategic update
webcast yesterday presenting further information on the Company's
renewed business plan and recently announced letter of intent (LOI)
to receive an equity investment. World Series of Golf has hosted
annual golf events in Las Vegas over the past three years and 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. The planned investment is intended
to better position the Company as a premier live event and digital
experience organization and support the development of the
Company's online game with its partner The World Golf Tour
(www.wgt.com). The Webcast is available on the homepage of the
Company's corporate website www.worldseriesofgolf.com.
OTCQB Marketplace
The creation of the OTCQB™ marketplace was announced earlier
this week by Pink OTC Markets, Inc. The new OTC market tier will
include the securities of over 768 SEC reporting companies and
banks formerly designated as Pink Sheets® stocks, in addition to
the 3,050 securities that are currently quoted in both Pink OTC
Markets' electronic interdealer quotation system and FINRA's
OTCBB™.
http://www.otcmarkets.com/pink/about/news.jsp?id=215
FINRA and the OTCBB
Separately, FINRA has announced the proposed sale of the
OTCBB.com Web site URL and reservation rights as well as certain
OTCBB.com content and the OTCBB trademark.
http://www.finra.org/Industry/Compliance/MarketTransparency/P119958
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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