ORLANDO, Fla., June 9, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it has submitted a formal request through its securities attorney to be de-listed from the Berlin Bremen Stock Exchange. The request follows widely publicized complaints to the NASD and SEC regarding manipulative trading of over 200 public companies, many of which were listed without the companies' prior knowledge.
"Certain trading practices on the Berlin exchange could be detrimental to the interests of our current shareholders, and also may be in violation of recent NASD restrictions against specific forms of short-selling," said Mike Pagnano, CEO of The World Golf League, Inc. "We fully expect the Berlin exchange to de-list The WGL, Inc. within one week of our request," Mr. Pagnano went on to say.
About The World Golf League, Inc.
The WGL markets a professional golf concept in the USA and 27 international venues, which allows average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event and world championship.
Safe Harbor
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