WSGF, Inc. (aka World Series of Golf, Inc.) (USOTC: WSGF) today confirmed that it will formally announce a current letter of intent (LOI) agreement on December 19, 2019. In an update issued earlier this week, the company made public an LOI to acquire a new business with a unique digital enterprise approach to empowering individuals to acquire and manage vacation properties. The target business includes a real-estate asset with an estimated $10 million value. When the company makes a formal announcement of the LOI next week, on Thursday, December 19,2019, more details on the business and the $10 million asset will be included. The acquisition itself is scheduled to close in early January.

As an additional update, WSGF plans to have a preliminary new corporate website up prior to the December 19th which will include a current draft financial statement.

WSGF has already disclosed that the target acquisition is a shared economy prequel to existing shared economy applications such as Airbnb and Bookings.com. WSGF's pending acquisition is designed to give everyone access to acquiring a vacation property that can be marketed and leased through existing shared economy vacation apps. The shared economy was reported in a Forbes article published earlier this year to have been a $15 billion market in 2014 projected to reach $335 billion by 2025. WSGF has initiated efforts to update its public disclosures with the objective of meeting OTC Markets "Current Information Standard" reporting requirements. WSGF also plans to soon launch a new corporate website and to release more details on the target acquisition. Coming updates will also include plans for the company's existing sports and entertainment assets.