SOURCE: World Series of Golf

World Series of Golf

February 15, 2011 13:21 ET

(WSGF) World Series of Golf Announces Greenfield OTC Investment Strategy Tutorial for Investors and Entrepreneurs

LAS VEGAS, NV--(Marketwire - February 15, 2011) - World Series of Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF) today announced a Webcast scheduled for release Thursday, February 17th hosted by the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program to present an over-the-counter market investment strategy tutorial. The Webcast is targeted at both novice and advanced OTC investors as well as entrepreneurs seeking growth capital from the OTC Private Investment in Pubic Equity (PIPE) market.

"The good news for OTC investors should be that average share prices are up according to OTCBB statistics," said Philip Verges founder of the Greenfield Partnership Program. "However, I would not suggest an investment strategy based on an OTCBB increasing price per share trend. While the average OTCBB price per share increased approximately 35% in 2010 compared to 2009, the number of securities traded on the OTCBB decreased by almost 30%. The number of market makers per OTCBB security is down 67% from January 2010 to January 2011. The number of total positions held in OTCBB securities is down 72%. Nevertheless, total share volume and dollar volume is up. The OTC environment is changing dramatically. Both OTC investors and entrepreneurial management teams need to review the changing OTC landscape and correspondingly update their go to market strategies."

The Greenfield Partnership Program was launched more than a year ago to support entrepreneurial, high growth companies in achieving their operational and business objectives. The program has expanded to include eight public and private companies and anticipates an even more rapid expansion of member companies in 2011. The Greenfield Partnership Program has been instrumental in assisting member companies with fundraising and market penetration.

A link to the Webcast will be made available upon release at www.worldseriesofgolf.com.

2011 Business Plan Webcast
World Series of Golf recently released an on-demand Webcast presentation discussing the Company's recent patent assignment, continuation of past golf tournaments and plans to diversify the Company's business offerings in 2011. The Webcast is available for on-demand viewing on the Company's corporate website at www.worldseriesofgolf.com.

Texas Hold 'Em and Golf All In One
World Series of Golf introduced an updated business plan in 2010 enabled by a strategic investment introduced through the NewMarket Technology Greenfield Partnership Program. The new plan includes a continuation of the Company's past golf tournaments that combine the wagering format of Texas Hold 'Em and the skill of golf. Past World Series of Golf events have attracted celebrity players including Ray Romano, Phil Ivey, Daniel Negreanu and others. World Series of Golf® is a fully-reporting and audited company compliant and current with all regulations required to support transparency standards. To support the updated business plan, the Company entered into a strategic investment arrangement anticipated to infuse $1,446,500 over time.

U.S. Patent Number 7,841,933
On November 30, 2010, the United States Patent Office assigned to the World Series of Golf Patent Number 7,841,933 for the method of conducting sports tournaments with wagering, including virtually and online. The Company is currently exploring various gaming options with top game developers, as it looks to develop online, gaming console and freestanding kiosk gaming options. The explosion of motion-based gaming is a particularly good fit for the Company's game and newly issued patent.

About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.

About World Series of Golf, Inc.
Based in Las Vegas, World Series of Golf (www.worldseriesofgolf.com) is a global sports and entertainment company whose activities include land-based and online, skill-based golf events featuring a patent-protected method of play. World Series of Golf, combining the skill of golf and wagering format of No-Limit Texas Hold 'Em poker, was played at exclusive Las Vegas-area golf resorts in 2007 and 2008. The third annual World Series of Golf was played May 11-14, 2009, at the Las Vegas Paiute Golf Resort. The company plans to achieve its international expansion goals through strategic partnerships, sponsorships, and the founders' extensive experience and contacts in the field of sports marketing. For additional information, visit the company's website at www.worldseriesofgolf.com.

FORWARD-LOOKING STATEMENTS
Statements made in this news release may be forward-looking statements within the meaning of Federal Securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (1) the availability of additional funds to enable us to successfully pursue our business plan; (2) the uncertainties related to the appeal and acceptance of our proprietary method of play and our planned on-line products; (3) the success or failure of our development of additional products and services; (4) our ability to maintain, attract and integrate management personnel; (5) our ability to secure suitable broadcast and sponsorship agreements; (6) our ability to effectively market and sell our services to current and new customers; (7) changes in the rules and regulations governing our business; (8) the intensity of competition; and (9) general economic conditions. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in World Series of Golf®'s most recent periodic reports on Form 10-K and Form 10-Q that are filed with the Securities and Exchange Commission. World Series of Golf® assumes no obligation to update and supplement forward-looking statements because of subsequent events.

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