(WSGF) World Series of Golf PPS Potential on Recent Patent Assignment and Updated Business Strategy Featured in On-Demand Webcas
December 21 2010 - 9:30AM
Marketwired
Word Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) will be
featured in a Webcast scheduled for release later today. World
Series of Golf introduced an updated business plan enabled by a
strategic investment introduced through the NewMarket Technology,
Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership
Program. The Webcast, hosted by the NewMarket Greenfield Program,
will feature the PPS performance potential of select
over-the-counter quoted companies. The Webcast presentation is
slated to discuss different types of companies quoted on the
over-the-counter market and suggest different investment
expectations associated with each type, in addition to suggesting
specific strategies to achieve investment expectations.
A link to the Webcast will be posted to the NewMarket Technology
website www.newmarkettechnology.com on the Investor Relations page
(direct link: http://tinyurl.com/NewMarketIR) upon release.
World Series of Golf recently announced a business plan update
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.
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®'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.
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Contact: World Series of Golf, Inc. Email Contact
702.740.1740
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