SOURCE: WGL Entertainment Holdings, Inc.

March 27, 2007 07:00 ET

WGL Entertainment Holdings, Inc. Projects Revenue of $22 Million for 2007

ORLANDO, FL -- (MARKET WIRE) -- March 27, 2007 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that the WGL Million Dollar Shootout (MDSO) will produce revenues of over $22 Million for 2007. This includes licensing rights worldwide and format rights for Europe and Asia. The estimates are conservative and could exceed $30 Million.

"The MDSO brand is taking off all over the world and will begin to pay dividends to our loyal shareholders over the next several months. We are ready to break into the main stream as an entrainment company and move to the next level. New productions such as Hot Days & Hot Nights & the Golf & Poker Invitational will add to the revenue stream and launch WGL Entertainment as a main stream content provider for Prime Time television," said Mike Pagnano, CEO 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 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.

Contact Information

  • For more information contact:

    Michael Pagnano
    WGL Entertainment Holdings, Inc.