WGL Entertainment Holdings, Inc. Continued Update

LAKE MARY, FL, Jul 23 (MARKET WIRE) --
WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that
it has continued with its common stock repurchase program. As of today,
over 600 million shares have been repurchased. We plan on buying back up
to 1.5 billion shares of the 2 billion shares outstanding. In addition,
the acquisition of Stemtronics, a stem cell research company who owns
several major patents in the stem cell treatment market, is on track to
close within the next 20 days. The "WGL Million Dollar Shootout" (MDSO)
continues to air on the CSS network and plans for a national airing are
still on course. The MDSO will also begin airing in September in five
European countries including the United Kingdom, Germany, France, Italy
and Spain.

"We continue to make progress on several fronts, along with the
Stemtronics acquisition, we are looking at two additional acquisitions to
broaden our portfolio and diversification of WGL Entertainment Holdings,
Inc. We continue to move forward on the retirement of our two convertible
debentures and to become fully reporting and up to date on all required
SEC filings within the next 75 days. The second half of 2008 will be an
exciting period for WGL Entertainment Holdings, Inc. and its
shareholders," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc.
"Thanks to all of our shareholders for their patience and continued
support."

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.

For more information contact:

Michael Pagnano
WGL Entertainment Holdings, Inc.
1-407-833-7931

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