SOURCE: WGL Entertainment Holdings, Inc

May 15, 2007 09:56 ET

WGL Entertainment Holdings, Inc. to File Its 10K & 10QSB Simultaneously

ORLANDO, FL -- (MARKET WIRE) -- May 15, 2007 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that it will file its 2006 10K and 2007 1st Quarter 10QSB simultaneously. This will allow WGL Entertainment Holdings, Inc. to receive only one late filing discrepancy for both filings. The result will be two late filing discrepancies in the past 24 months and allow WGLT to continue trading on the OTC BB. A company is de-listed for one year after three late filings in 24 months.

"We expect our auditors Malone & Bailey of Houston, Texas to have completed its audit of the 2006 10K and review of the 2007 10QSB by the first week of June 2007. Once filed, the NASD will be notified and the 'E' will be removed from our symbol," 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.
    1-407-328-8538