SOURCE: WGL Entertainment Holdings

January 16, 2007 07:00 ET

WGL Million Dollar Shootout Begins Airing in the UK and Ireland

ORLANDO, FL -- (MARKET WIRE) -- January 16, 2007 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLE) announced today that its reality television series, The WGL Million Dollar Shootout (MDSO), premiered on Tuesday, January 9, 2007, in the United Kingdom & Ireland on the SETANTA Golf Network. SETANTA is the exclusive broadcaster of the U.S. PGA Tour events. The initial schedule for the first four episodes can be found at the MDSO web site or the SETANTA web site at

"We are thrilled to have our flagship product on air in such a high-profile market as the United Kingdom and Ireland. Viewer response and ratings will have a very significant impact in us closing a major U.S. network deal in the months ahead," said Mike Pagnano, CEO of WGL Entertainment Holdings, Inc. "Also, our attendance at NAPTE this week in Las Vegas (the major U.S. television market trade show) will enable us to heighten our credibility and viability to market the MDSO in the U.S. due to the SETANTA broadcasting of the MDSO. Through hard work and perseverance and certainly a first rate production, the MDSO is off and running."

WGL Entertainment Holdings, Inc. produces through its wholly owned subsidiary, WGL Entertainment, the WGL Million Dollar Shootout Reality Television Series and plans several other sports and non-sports television entertainment products for 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. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Company takes no obligation to update or correct forward-looking statements.

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