WSGF Announces New Business Expansion Into $335 Billion Market Opportunity
December 10 2019 - 9:03AM
InvestorsHub NewsWire
WSGF Announces New Business
Expansion Into $335 Billion Market Opportunity
Dallas, TX -- December 10, 2019 --
InvestorsHub NewsWire -- WSGF, Inc. (aka World Series of Golf,
Inc.) (USOTC:
WSGF) today announced a management restructuring and business
expansion. Until recently, WSGF has over the past several
years maintained only minimal operations focused on protecting the
company’s assets consisting primarily of sports and entertainment
industry specific intellectual property and corresponding
proprietary industry knowledge. Earlier this year, WSGF
launched an initiative to explore new business opportunities.
As part of the initiative, WSGF engaged a new Chief Executive
Officer (CEO) on an interim basis to manage the exploration for a
new business opportunity and later integrate that new business
opportunity. Attorney Lawrence Bailey is now serving as the
WSGF CEO. In his capacity as CEO, Mr. Bailey has secured a
letter of intent to acquire a new business with a unique digital
enterprise approach to empowering individuals to acquire and manage
vacation properties. The target acquisition is a shared economy
prequel to existing shared economy applications such as Airbnb and
Bookings.com. WSGF’s pending acquisition is designed to give
everyone access to acquiring a vacation property that can be
marketed and leased through existing shared economy vacation
apps. The shared economy was reported in a Forbes article published earlier this year to
have been a $15 billion market in 2014 projected to reach $335
billion by 2025. The WSGF acquisition is scheduled to close
in early January. In the meantime, WSGF has initiated efforts
to update its public disclosures with the objective of meeting OTC
Markets “Current Information Standard” reporting
requirements. WSGF also plans to soon launch a new corporate
website and to release more details on the target acquisition.
Coming updates will also include plans for the company’s existing
sports and entertainment assets.
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
WSGF
Contact:
Lawrence Bailey
Info@wsgfinc.com
(800) 871-0376
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