(WSGF) World Series of Golf Announces Greenfield OTC Investment Strategy Tutorial for Investors and Entrepreneurs
February 15 2011 - 1:20PM
Marketwired
World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today
announced a Webcast scheduled for release Thursday, February 17th
hosted by the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB:
NWMT) Greenfield Partnership Program to present an over-the-counter
market investment strategy tutorial. The Webcast is targeted at
both novice and advanced OTC investors as well as entrepreneurs
seeking growth capital from the OTC Private Investment in Pubic
Equity (PIPE) market.
"The good news for OTC investors should be that average share
prices are up according to OTCBB statistics," said Philip Verges
founder of the Greenfield Partnership Program. "However, I would
not suggest an investment strategy based on an OTCBB increasing
price per share trend. While the average OTCBB price per share
increased approximately 35% in 2010 compared to 2009, the number of
securities traded on the OTCBB decreased by almost 30%. The number
of market makers per OTCBB security is down 67% from January 2010
to January 2011. The number of total positions held in OTCBB
securities is down 72%. Nevertheless, total share volume and dollar
volume is up. The OTC environment is changing dramatically. Both
OTC investors and entrepreneurial management teams need to review
the changing OTC landscape and correspondingly update their go to
market strategies."
The Greenfield Partnership Program was launched more than a year
ago to support entrepreneurial, high growth companies in achieving
their operational and business objectives. The program has expanded
to include eight public and private companies and anticipates an
even more rapid expansion of member companies in 2011. The
Greenfield Partnership Program has been instrumental in assisting
member companies with fundraising and market penetration.
A link to the Webcast will be made available upon release at
www.worldseriesofgolf.com.
2011 Business Plan Webcast World Series of
Golf recently released an on-demand Webcast presentation discussing
the Company's recent patent assignment, continuation of past golf
tournaments and plans to diversify the Company's business offerings
in 2011. The Webcast is available for on-demand viewing on the
Company's corporate website at www.worldseriesofgolf.com.
Texas Hold 'Em and Golf All In One World
Series of Golf introduced an updated business plan in 2010 enabled
by a strategic investment introduced through the NewMarket
Technology Greenfield Partnership Program. 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
entered into a strategic investment arrangement anticipated to
infuse $1,446,500 over time.
U.S. Patent Number 7,841,933 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 it looks to develop online, gaming console and
freestanding kiosk gaming options. The explosion of motion-based
gaming is a particularly good fit for the Company's game and newly
issued patent.
About NewMarket Greenfield Partnership
Program NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. The Greenfield Program concentrates on early
stage, rapid growth opportunities in the world's emerging markets,
with program participants in China, Southeast Asia, South and
Central America and East Africa, in addition to a handful of
program participants in North America.
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
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, 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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