SOURCE: WGL Entertainment Holdings, Inc.

October 09, 2008 08:31 ET

WGL Entertainment Holdings Inc. Looks to Increase Business Opportunities Through Letter of Intent

LAKE MARY, FL--(Marketwire - October 9, 2008) - WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that it plans to increase shareholder value by searching for unique business opportunities in various vertical markets. The Company recently signed a Letter of Intent with StemTroniX, Inc., an adult stem cell therapy company, enabling WGL Entertainment to expand its target market to various sectors within both industries.

Operating in Texas, StemTroniX, Inc. specializes in the acquisition and consolidation of adult stem cell therapy companies. StemTroniX, Inc. is also the premier source of technology for the transfusion of adult stem cells. The adult stem cells are autologous representing the same type of therapy as the bone marrow transfusion used in cancer and other hematopoietic conditions, such as pernicious anemia.

"Both StemTroniX, Inc. and WGL Entertainment Holdings, Inc. provide our customers with unique products and services. The Letter of Intent with StemTroniX, Inc. is an example of how we are dedicated to continue with the expansion of our company into new innovative areas," stated Mike Pagnano, CEO of WGL Entertainment Holdings, Inc.

About WGL Entertainment Holdings, Inc.:

WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made-for-T.V. sports entertainment events scheduled to be produced in 2008 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.

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