(WSGF) World Series of Golf Announces $1.4 Million Strategic Investment to Support Updated and Refreshed Business Plan
October 07 2010 - 10:10AM
Marketwired
World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today
announced a strategic investment to support the Company's recently
updated and refreshed business plan. The 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
events have attracted celebrity players to include 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.
The Company has entered into a strategic investment arrangement
anticipated to infuse $1,446,500 into the updated operation 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.
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.
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(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.
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Contact: World Series of Golf, Inc. Email Contact
702.740.1740
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