SOURCE: World Series of Golf

World Series of Golf

April 08, 2010 10:48 ET

World Series of Golf (WSGF) Listing Upgraded to New OTCQB Market for All U.S. Registered and Reporting OTC Securities

LAS VEGAS, NV--(Marketwire - April 8, 2010) -  World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today announced a listing on the new OTCQB market introduced this week to better distinguish OTC securities that are registered and reporting with U.S. regulators. World Series of Golf is a fully-reporting company that recently announced a strategic equity investment and business plan update. The strategic equity investor was introduced by the Small Equity Initiative (www.smallequity.com), a not-for-profit organization focused on improving the small business capital market for entrepreneurs and small business investors. The Small Equity Initiative was founded by Philip Verges, the Chairman of NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT). 

World Series of Golf Strategic Update Webcast

World Series of Golf released an on-demand strategic update webcast yesterday presenting further information on the Company's renewed business plan and recently announced letter of intent (LOI) to receive an equity investment. World Series of Golf has hosted annual golf events in Las Vegas over the past three years and is a global sports and entertainment company whose activities include land-based and online, skill-based golf events featuring a patent-pending method of play. The planned investment is intended to better position the Company as a premier live event and digital experience organization and support the development of the Company's online game with its partner The World Golf Tour (www.wgt.com). The Webcast is available on the homepage of the Company's corporate website www.worldseriesofgolf.com.

OTCQB Marketplace

The creation of the OTCQB™ marketplace was announced earlier this week by Pink OTC Markets, Inc. The new OTC market tier will include the securities of over 768 SEC reporting companies and banks formerly designated as Pink Sheets® stocks, in addition to the 3,050 securities that are currently quoted in both Pink OTC Markets' electronic interdealer quotation system and FINRA's OTCBB™.

http://www.otcmarkets.com/pink/about/news.jsp?id=215

FINRA and the OTCBB

Separately, FINRA has announced the proposed sale of the OTCBB.com Web site URL and reservation rights as well as certain OTCBB.com content and the OTCBB trademark.

http://www.finra.org/Industry/Compliance/MarketTransparency/P119958

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-pending 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.

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.

Contact Information