ORLANDO, Fla., July 11, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it expects to generate over $22,000,000 in revenue for the first two seasons of the Million Dollar Shootout. The network contract calls for the WGL to have 101.5 minutes of commercial time for sale per each 7-episode series. The WGL expects to generate $2,500,000 from commercial sales and sponsorships for the first season beginning January 23, 2006 and $8,200,000 from commercial sales and sponsorships for the second season in the fall of 2006. The balance of the revenue will come from network licensing fees both domestic and internationally for the second MDSO season.
"We expect to have all of our sponsor packages and commercial sales closed by September 1, 2005 and go into production the week of October 17, 2005," said Mike Pagnano, CEO, The WGL, Inc. "We are all very excited about the tremendous interest we have generated from sponsors relative to the Million Dollar Shootout and its potential revenue generation for many years to come," 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 and world championship. 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.
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