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WGL Entertainment Holdings, Inc.: WGL Entertainment Holdings, Inc. Signs Letter of Intent to Acquire Heathrow Enterprises, LLC


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Published in Business and Finance on Tuesday, December 23rd 2008 at 5:46 GMT, Last Modified on 2008-12-23 05:46:59 by Market Wire   Print publication without navigation


LAKE MARY, FL--(Marketwire - December 23, 2008) - WGL Entertainment Holdings, Inc. (PINKSHEETS: [ WEHI ]) announced today that the Company signed a Letter of Intent to acquire 100% of Heathrow Enterprises, LLC, a national distributor of Exfuze, a nutritional beverage and other natural food products. The wellness industry is a $100 Billion industry, with fortified beverages being the top category in sales. Over the next three years, Heathrow Enterprises is projecting sales of its natural food products to total over $20 Million. WGL Entertainment Holdings, Inc. will disclose further details of the agreement upon completion of the 45-day due diligence period.

Heathrow Enterprises is based in Florida and generates revenue through online and call center sales. Its flagship product Exfuze, is a beverage that was created to improve nutrition by using various botanicals. The powerful botanicals that are used include: Gac, Acai, Goji, Noni, Fucoidan, Mangosteen and Seabuckthorn. Exfuze gives back to its community through participating in multiple campaigns such as Viva Kids, Campaigns of Change and Dominican Children Campaign.

"We look forward to entering into this new venture with Heathrow Enterprises, LLC. The Letter of Intent with Heathrow Enterprises, LLC is the next step to formalizing relationships that will expand our Company into the $100 Billion wellness market," stated Mike Pagnano, CEO of WGL Entertainment Holdings, Inc.

For additional information on Heathrow Enterprises, LLC, please visit the website at: [ www.incredibledrink.com ].

About WGL Entertainment Holdings, Inc.:

WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made-for-T.V. sports entertainment events scheduled to be produced in 2008 and beyond.

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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