SOURCE: World Series of Golf

August 26, 2010 09:50 ET

(WSGF) World Series of Golf, Inc. to Continue Hosting Tournaments Combining Wagering Format of Texas Hold 'Em and Skill of Golf With Celebrity Players

LAS VEGAS, NV--(Marketwire - August 26, 2010) -  World Series of Golf®, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) recently announced an updated and expanded business plan. The kickoff of the new plan started last week with the announcement of new Chief Executive Officer (CEO) Patrick Brown. Mr. Brown is scheduled to conduct a Webcast tomorrow in conjunction with the Company's recently filed second quarter financial report. World Series of Golf® is a fully-reporting and audited company compliant and current with all regulations required to support transparency standards. The updated and expanded plan will include a continuation of the Company's past golf tournaments that combine the wagering format of Texas Hold 'Em and the skill of golf. Past events have attracted celebrity players to include Ray Romano.

"World Series of Golf® has patent protected intellectual property, a recognized brand name, and an existing agreement to acquire complementary assets that will expand the Company's potential. More information regarding the Company's plans including a letter of intent to acquire Rounder Magazine and to host a November Golf Tournament in Las Vegas will be provided in an overview of the Company's updated and expanded business plan presented through an on-demand Webcast scheduled to be released tomorrow, August 27th," stated incoming CEO Patrick Brown.

Patrick Brown brings a strong background to his role with World Series of Golf, mixing an entrepreneurial background in online and gaming entities with his equally valuable experience in the Fortune 500 environment. He previously helped lead a micro-cap company in the development and launch of an online wagering product, and handled the day to day operations, leading to the eventual sale of the operations to a friendly competitor. He has also developed innovative wagering opportunities, which included a U.S. patent filing for a wagering method of play. Recognized as an industry leader, he has been sought out as a presenter and moderator at a wide range of industry events, including an international mobile gaming conference. Mr. Brown earned his undergraduate degree in business management from Xavier University and a law degree from University of Cincinnati.

About World Series of Golf®, Inc.

Based in Las Vegas, World Series of Golf® (www.worldseriesofgolf.com) is a global sports and entertainment company whose activities include land-based and online, skill-based golf events featuring a patent-protected method of play. World Series of Golf®, combining the skill of golf and wagering format of No-Limit Texas Hold'em poker, was played at exclusive Las Vegas-area golf resorts in 2007 and 2008. The third annual World Series of Golf® was played May 11-14, 2009, at the Las Vegas Paiute Golf Resort. The company plans to achieve its international expansion goals through strategic partnerships, sponsorships, and the founders' extensive experience and contacts in the field of sports marketing. For additional information, or to register for an event, visit the company's website at www.worldseriesofgolf.com.

About Rounder Magazine (www.rounderlife.com)

Rounder Magazine, The Casino Lifestyle Magazine launched in December 2006, is a gaming lifestyle magazine distributed to casinos throughout the United States. It is also available by subscription and sold in various bookstores throughout the country. The fashionably hip magazine, which features the sport of poker, also includes insightful articles and schedules relating to the NFL, College Football, the PGA, NASCAR and MLB. This editorial variety, mixed with stunning photography, showcasing trendy fashions and the popular Rounder models, account for the magazine's extreme popularity and make it totally unique in the gaming industry.

FORWARD-LOOKING STATEMENTS
Statements made in this news release may be forward-looking statements within the meaning of Federal Securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (1) the availability of additional funds to enable us to successfully pursue our business plan; (2) the uncertainties related to the appeal and acceptance of our proprietary method of play and our planned on-line products; (3) the success or failure of our development of additional products and services; (4) our ability to maintain, attract and integrate management personnel; (5) our ability to secure suitable broadcast and sponsorship agreements; (6) our ability to effectively market and sell our services to current and new customers; (7) changes in the rules and regulations governing our business; (8) the intensity of competition; and (9) general economic conditions. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in World Series of Golf® 's most recent periodic reports on Form 10-K and Form 10-Q that are filed with the Securities and Exchange Commission. World Series of Golf® assumes no obligation to update and supplement forward-looking statements because of subsequent events.

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