ORLANDO, Fla., Oct. 3, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it has incorporated a wholly owned subsidiary named WGL Entertainment, Inc. (WGLE). WGL Entertainment will create, produce and market sports entertainment content for television distribution. Several projects are scheduled for airing in 2006, including the WGL Million Dollar Shootout reality television series. WGLE expects to begin production of two unique new sports entertainment projects as soon as November 2005.
"WGLE is a natural progression for the WGL and the business model now being executed," said Mike Pagnano, CEO of The WGL, Inc. "WGLE will also allow us to deliver additional value to our shareholders and various options to reduce our outstanding shares and improve market capitalization," Mr. Pagnano went on to say.
The World Golf League markets a professional golf concept, through wholesale distribution channels in the USA, which allow average golfers to play for substantial prize money in local and regional tournaments, culminating with a PGA-style national championship. The WGL also produces the WGL Million Dollar Reality Television Series. The WGL has paid over $1,000,000 in prize money to date.
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