ORLANDO, Fla., May 17, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that its wholesale memberships for the second quarter of 2005 are 70% ahead of first quarter to date. At the current pace the WGL expects to book over 12,000 new wholesale members and $600,000 in revenue during the second quarter 2005.
"This continued success reaffirms our expectations of the wholesale membership channel remaining a viable and profitable venue for the WGL for many years to come," said Mike Pagnano, CEO, The WGL, Inc. "As momentum grows, we estimate wholesale memberships to generate over $12,000,000 in revenues for the WGL on an annual basis," Mr. Pagnano went on to say.
The WGL markets a professional golf concept in the USA, which allows average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event. The WGL is also the producer of the Million Dollar Shootout reality television series and has awarded over $1,000,000 in prize money to date.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.