SOURCE: World Hockey Association

March 20, 2007 10:00 ET

The World Hockey Association Confirms Edmonton Area Franchise Added -- League Expansion in Washington State Also Underway -- CEO Smith Comments on Legal Action

VANCOUVER, BC -- (MARKET WIRE) -- March 20, 2007 -- The World Hockey Association (PINKSHEETS: WHKA) confirmed the planned Edmonton, Alberta area franchise has been sold to an Edmonton investment group. League officials stated the new owners plan to announce a name and team logo for the franchise shortly, and at a time which will be convenient to its marketing efforts Further discussions are underway in the Alberta Province with other investor groups planning franchises throughout the region.

League officials also completed a series of successful meetings in Seattle, Washington this weekend which addressed expansion plans with US investor groups for new teams in the Washington State area. The WHA had previously stated league expansion plans will ultimately increase the number of hockey franchises operating under the WHA umbrella from six to sixteen teams.

WHKA CEO, Ricky Smith stated, "We will be reformatting our divisional structure as a result of all the new teams coming into our league. The face of the WHA will look quite different for the 2007-2008 seasons. We survived some difficult problems during our first season. We feel these problems were the primary result of lack of good faith and even fraud from those responsible for former finance arrangements for the league. We do not anticipate we will have these same problems again. Good things are happening very fast and we are planning to start our new season with a bang."

Smith also added, "WHKA shareholders, and hockey fans alike should be pleasantly surprised with the level of hockey they see in our league next year. We made great strides during the 2006-2007 season and we expect the momentum generated from our successes will continue to improve the level of play coming from our young men. We think we have some of the best coaching available in Jr. Hockey and League Commissioner Bobby Hull and I do not anticipate this will change with the expansion. "

When asked about the currently hot topic of legal proceedings with Global Developments, Inc, Smith retorted, "WHA's attorney began what will become a large series of responses last Friday night. We are now engaged with these people in the courts and expect to be able to comment any day now on the claims we will be making not only against Global Developments, Inc., but against all the parties involved in this sham against our league and our company. When it is all over, we expect the courts will award full and all remedies requested. The evidence collected by our investigators is so mind boggling; we think winning this case will be a stroll in the park. Of course, it will be in the hands of the courts, but when our shareholders see what kind of evidence, we have of wrongdoing; we think they will surely agree."

In further developments, the WHA expects to soon announce details of scheduled National Alliance Cup play slated to begin on April 1st in Toronto, Ontario. In the National Alliance Cup, the Champions of The WHA, "The New Westminster Whalers" will be paying a series of games against the champion of the GMHL. The coach of the WHA Champion New Westminster Whalers is former NHL St. Louis Blues great, Gary Unger.

About the World Hockey Association:

The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey. The 2007-2008 seasons will feature an expansion from six to 16 teams and will see the WHA firmly established in British Columbia, Alberta and the Northwestern United States.

As a listed company on the Over-The-Counter Pink Sheets our mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. Fan satisfaction is a primary consideration in our decision making process.

Forward-Looking Statements

Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    V. Ackland
    416-996-1789