World Series of Golf (WSGF)

World Series of Golf, Inc., formerly known as Innovative Consumer Products, Inc., is a Nevada corporation. On January 31, 2008, the Company acquired all of the outstanding capital stock of World Series of Golf, Inc., a privately-held Nevada corporation engaged in the sports entertainment industry. On February 1, 2008, the Company changed its name to World Series of Golf, Inc. It is a sports entertainment company that hosts amateur golf tournaments and events and seeks to create branded products, games, media and entertainment based on its proprietary golf tournament method of play which it calls 'The World Series of Golf'. The Company's unique method of play enhances the entertainment value of the skilled game of golf by incorporating elements of strategy similar to those found in 'Texas Hold 'Em', a popular style of the card game poker. Since the Company began operating its current line of business in 2006, it has held three three-day World Series of Golf tournaments in Las Vegas, Nevada, during the month of May in each of 2007, 2008 and 2009. Its third tournament took place from May 12-14, 2009 at the Las Vegas Paiute Golf Resort in Las Vegas, Nevada. Through its media partners, the Company broadcasts its tournaments on domestic and international television and via other media outlets, as live events or as a produced series. It also sells sponsorships for its live tournaments and television coverage. Beginning in the second half of 2009, the company plans to offer through its website, a multi-player, online video game based on its unique method of play and a social network/web community where interested players could communicate with one another. The Company markets its live tournaments to the general public through its website, the websites of its World Series of Golf partners, such as The Mirage and Pocket King Ltd.'s FullTiltPoker.net, direct mail and through the awareness it builds from its domestic and international television broadcasts and news articles and features written about it in local publications and trade magazines. Since the Company operates its land-based tournament in Las Vegas, Nevada, a major resort destination, it competes with resort-based gaming and non-gaming entertainment operating in the immediate and surrounding market areas, such as poker tournaments and other forms of casino and hotel entertainment. With regard to its television broadcasts, the Company competes for viewership and sponsorship with televised sporting events and other television programming that might air at the same time as its television broadcasts.