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"As reported in our recent annual and quarterly reports, management determined there were errors in certain historical financial statements that needed to be corrected," said World Series of Golf Chief Executive Officer Joe F. Martinez. "In an effort to make the corrections to prior financials, we had to delay filing our 2009 SEC reports. I am pleased to report that, with the assistance of new accountants, auditors and securities counsel, the relevant issues have been resolved, we are now current in our filings and our stock is once again quoted on the OTC Bulletin Board."
Chaffee Geddes Chucka PLLC now serves as the Company's accountants; Peterson Sullivan LLP serves as its new auditors; and Pryor Cashman LLP serves as its securities counsel.
ABOUT THE WORLD SERIES OF GOLF
Based in Las Vegas, the World Series of Golf is a global sports and entertainment company whose activities include land-based and online, skill-based golf events featuring a patent-pending method of play. The World Series of Golf, combining the skill of golf and wagering format of No-Limit Texas Hold'em poker, was played at exclusive golf resorts in Las Vegas, NV in 2007 and 2008. The third annual World Series of Golf will be played May 11-14, 2009 at the Las Vegas Paiute Golf Resort in Las Vegas. 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 or to register for an event, 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.
SOURCE World Series of Golf, Inc.
http://www.worldseriesofgolf.com
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