OT: Speaking of "interesting" golf promotion, anyone getting these spams?
NEWS ALERT
World Golf League (OTCBB: WGFL)
Near Term Target Price: $0.31
Shares Outstanding 200 Million
Approx. Float 30 Million
Near Term Price Proj. $0.31
A Few Reasons to Own WGFL:
WGFL just went public via reverse merger, potential opportunity to get in the beginning.
WGFL satisfies a need for the average amateur golfer to compete in a
PGA style fantasy tournament with the excitement of substantial prize money in "play for pay".
WGFL revenues are estimated at $11.2 Million in 2003 and $34 Million in 2004.
WGFL will be capitalizing on the world's fastest growing sport with over 26.5 million golfers in the US and 55.8 million worldwide.
WGFL markets its concept directly and through marketing licensees to a total of 57 in the United States markets and 27 international venues.
WGFL concept has received tremendous national publicity including the Golf Channel, Sports Illustrated and several major market news publications.
WGFL has attracted many players that have included NFL Hall of Famer Lawrence Taylor, Rickey Jackson, NHL Hall of Famer Phil Esposito and a host of pro golfers including Fulton Allem.
WGFL license agreements offer an extremely attractive opportunity to licensee who will share in various levels of returns.
UPDATE
Great News! A Hat Trick, Oops Wrong Sport, a Double Eagle, if you are a golfer this would be ecstasy.
Well, in less than 1 week we have now seen 3 commitments from 3 different entities committed to raising WGFL Money. Remember, in our opinion these commitments do not guarantee that WGFL will raise 10 cents no less up to 7 Million Dollars, but as the saying goes “ throw enough you know what against the wall, and something may stick.”
Like we said in this past weekends update, at some level the story makes sense.
We guess that at some point in time (hopefully NEAR TERM) we will all see new PR regarding WGFL actually putting New Investment Capital in the bank.
Congratulations to all our members that reacted to this past weekends update, as WGFL moved from $0.027 to $0.11 as we are writing this update.
If these money deals DO come to fruition, if not all but to some reasonable amount of Investment Capital, then we believe that the recent move in WGFL is more than justified.
If WGFL continues to generate revenue deals as stated in these most recent PR’s, then we believe that HIGHER STOCK PRICES FOR WGFL WOULD BE MORE THAN JUSTIFIED.
Things in our opinion are getting very interesting, SO Keep A Real, Real, Really Close Eye On WGFL, and as Always Watch This Stock Trade.
PRESS RELEASE
World Golf League Retains Ockham Capital Limited
Ockham to Raise up to $3 Million in Financing
ALTAMONTE SPRINGS, FL -- April 24, 2003 -- The World Golf League, Inc. (OTC BB: WGFL) announced today that it has entered into an investment banking agreement with Ockham Capital Limited, Inc. to raise $1 to $3 million in equity or debt financing in the United Kingdom and Europe. The World Golf League markets a professional golf concept, directly and through licensees 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.
Ockham Capital will act as a non-exclusive placement agent to identify suitable investors or investor groups for the WGL in the United Kingdom and Europe. Ockham Capital will also provide advisory support for all acquisitions currently under consideration by the Company and will seek other complimentary business combinations in order to take advantage of the WGL’s expanding business model in the United Kingdom and Europe.
Mike Pagnano, CEO of the WGL stated, “We are pleased to announce this important relationship. This marks another significant milestone for the WGL and its investors, and we feel fortunate to have such a qualified investment firm representing the World Golf League in the United Kingdom and Europe.”
About Ockham Capital Limited
The firm’s expertise covers equity/debt instruments, property investment and fund placement. Ockham Capital was founded by professionals previously from Panmure Gordon Investments, Citigroup Private Bank and Credit Suisse First Boston. Charles Clark, Director, was previously an Executive Director of Panmure Gordon, a Fund Management company that managed over $6.5 billion and was acquired by West LB, one of Germany’s largest banks.. Mr. Clark received an MBA from City University.
About the WGL
The World Golf League, (www.worldgolfleague.biz),is a three-year-old Florida corporation based in Altamonte Springs, Florida that markets its concept directly and through licensees in the USA and 27 international venues. The WGL was founded in 1999 to capitalize on the largest participation sport in the world, 26.5 million players in the U.S. alone and over 60 million worldwide. The WGL concept (average golfers playing for substantial prize money with full handicap) has received national publicity including the Golf Channel, Sports Illustrated and several major market news publications. This is testimony to the popularity of the WGL concept.
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.
Valuation
To all the Hackers out there, and we certainly don’t mean computer, it appears to us that we finally have a venue to look like and act as a Golf PRO. Maybe not Tiger Woods, but certainly get the feeling and the jitters of what the Pro’s go through every week.
Golf is now coming into the heart of its season, where the most profiled tournaments like the Masters and other “Majors” from all three tours, PGA, LPGA, and Seniors Tour are coming up. Amateurs are all getting ready for their Golf Season and many will be attending Professional Golf Tournaments or will be viewing them on TV.
As stated from WGFL’s most recent PR “Based on our current marketing budget, management anticipates revenues to increase five-fold in 2003 to $11 million over the $2.2 million generated in 2002. Our membership base grew to over 400% members in just three years time. Based on our current projections, we anticipate revenues tripling in 2004 to $34 million. There is a significant correlation between our direct marketing activities and licensees, and our revenues.”
Just like McDonalds, Duncan Donuts, Subways, Harley Davidison and many other successful licensed franchises have taken advantage of selling franchises and branding, we feel the WGFL is well on its way.
With WGFL being in a unique position of being first to market as a public company with their concept, generally speaking first to market companies usually command a higher premium than their peers. According to Multex, WGFL would be classified as Recreational Activities, company’s within this Industry trade in the Market Place at about 2.4 times sales.
IF OVER THE NEAR TERM WGFL DEMONSTRATE SALES GROWTH THROUGH VARIOUS LICENSING AGREEMENTS (their revenue model), AND TRADES IN THE MARKET PLACE AT A 75% MULTIPLE OF ITS PEERS (1.8 times), THEN BASED ON PROJECTED REVENUES OF $34 MILLION DOLLARS NEXT YEAR. WHEN APPLYING THE COMPARATIVE GROUPING’S AVERAGE PRICE TO REVENUE MULTIPLES TO WGFL WE CAN ARRIVE AT A RELATIVE VALUATION OF $0.31 PER SHARE OVER THE NEAR TERM.
Conclusion
The golf industry has been very fortunate to have star players on its tours. From Tiger Woods (USA), Ernie Els (South Africa), to Sergio Garcia (Spain) on the Mens PGA Tour to Annika Sorenstam (Sweden), Karrie Webb (Australia), and Se Ri Pak (South Korea) on the Ladies LPGA Tour, there are many stars from all over the world. Additionally, this summer, Annika Sorenstam will be participating in a PGA Tour event, which should bring a great deal of press coverage around the world, and should be only good for the game of golf.
Think about it, with national publicity from the Golf Channel, Sports Illustrated, many national golf publications and now exposure of being a public entity combined with the unmatched growth of Golf, we feel there is upside potential for investors of WGFL.
******* Important Notice and Disclaimer: Please Read *******
The purpose of this advertisement is to provide publicity for the advertised company, its products or services. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial position of the company. Investor Insights, and affiliates (II), publishes reports providing information on selected companies that II believes has investment potential. II is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. II accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in WGFL is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of II has been hired by the company, and additionally received five million free trading shares of common stock of WGFL by a third party for the publication and circulation of this report. II intends to sell all or a portion of the of the WGFL stock at or about the time of publication of this report. Subsequently II may buy or sell shares of WGFL stock in the open market. Since an affiliate of II has been compensated there is an inherent conflict of interest. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of WGFL including the company's most recent annual and quarterly reports. |
