ALTAMONTE SPRINGS, Fla., Oct. 21, 2003 (PRIMEZONE) -- The WGL, Inc. (OTCBB:WGFL) announced today that it would host a Ryder Cup format world championship in March 2004 in Scottsdale, Arizona. Twenty teams of foursomes, ten from the U.S. market and ten teams from international venues, will compete in three days of individual team competition. Various formats will be included in the competition such as alternate shot, best ball and individual match play. Each team will be awarded points based on results of their individual matches, with the last day's individual matches having the highest value. The winning teams will be paid $100,000 in prize money, with the top foursome earning $36,000.
"This type of competition will enhance the WGL brand worldwide, and will generate significant worldwide media attention. An event of this magnitude will translate into broad brand awareness and increased membership," said Mike Pagnano, CEO of the WGL, Inc.
The WGL plans to hold this team format competition every year, with a rotating global venue to further increase visibility of the WGL brand around the world. This team event will be scheduled in addition to the WGL National Championship, which is to be held in February of each year. The participants in the inaugural World Championship event will be selected by invitation only, with the WGL, U.S. Licensees and International Licensees selecting the participants. Other than the group of teams selected from the US, the WGL expects teams from several of the international venues such as Canada, United Kingdom, Germany, Spain, Japan, China, Philippines, India, and South America.
The WGL operates in the $25 billion a year world golf market, and markets a professional golf concept in the USA and 27 international venues, which allow average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event and world championship.
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