SOURCE: WGL Entertainment Holdings, Inc.

October 30, 2006 07:00 ET

WGL Entertainment Holdings, Inc. Projects Revenue Stream

ORLANDO, FL -- (MARKET WIRE) -- October 30, 2006 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLE) announced today that it expects the WGL Million Dollar Shootout (MDSO) to produce over 12 million dollars in revenue during its first airing season. This includes twelve international markets and the United States and Canada. Subsequent seasons will push the brand revenue to an estimated thirty million dollars over the next two years. In addition to the MDSO, Hot Days & Hot Nights (HDHN) has even greater revenue potential than the MDSO since its entertainment value will appeal to golfers and non-golfers alike, in the highly sought after 18 - 35 television viewing demographic.

"We are moving very quickly to finalize our international airing agreements, while working on positioning the MDSO as a winter replacement series in the U.S. market," said Mike Pagnano, CEO of WGL Entertainment Holdings, Inc. "We now have the momentum we need to finally realize the full potential of the MDSO and the soon to be produced HDHN series. Many of the fall season's prime time programming has been cancelled or is experiencing poor ratings. The television market is actively searching for replacement series and content which differs from the usual drama, crime and comedy series."

WGL Entertainment Holdings, Inc. produces through its wholly owned subsidiary, WGL Entertainment, the WGL Million Dollar Shootout Reality Television Series and plans several other sports and non-sports television entertainment products for 2007 and beyond.

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. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Company takes no obligation to update or correct forward-looking statements.

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