ORLANDO, Fla., Oct. 27, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it has closed another wholesale membership sale worth $2,000,000 with Upwon, LLC of Orlando, Florida. The WGL will deliver 40,000 memberships over the next three months to be distributed by Upwon, LLC to the Financial Services Industry.
"This represents a major milestone for the WGL wholesale membership program with the introduction of the WGL concept into the Financial Services Industry, which represents millions of potential customers for The WGL Inc.," said Mike Pagnano, CEO The WGL, Inc. The WGL Inc. has booked $7,000,000 in wholesale membership sales over the past three months and expects to deliver over 200,000 wholesale memberships in 2005 worth an estimated $11,000,000.
The WGL markets a professional golf concept in the USA and 27 international venues, which allow average golfers to play for substantial prize money in local and regional tournaments culminating with a PGA-style national event and world championship.
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.
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