**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

**WGL      ENTERTAINMENT HOLDINGS, INC.**

**(Formerly      The World Golf League Inc)**

**(UNAUDITED)**

**MARCH      31, 2007 AND 2006**

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**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

***C      O N T E N T S***

|                                                                                      |   |
|-------------------------------------------------------------------------------------------|--------|
|                                                                                      |   |
|              Description | Page   |
|                                                                                      |   |
| Balance                Sheets                                                             | 3      |
|                                                                                      |   |
| Statements                of Operations                                                   | 4      |
|                                                                                      |   |
| Statements                of Shareholders’ Deficit                                  | 5      |
|                                                                                      |   |
| Statements                of Cash Flows                                                   | 6      |
|                                                                                      |   |
| Notes                to Consolidated Financial Statements                                 | 7      |
|                                                                                      |   |

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**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

| WGL                ENTERTAINMENT HOLDINGS, INC                                                                                    |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|
| BALANCE                SHEETS                                                                                                     |   |
| MARCH                31, 2007 AND DECEMBER 31, 2006                                                                               |   |
| (UNAUDITED)                                                                                                                       |   |
|                                                                                                                              |   | MARCH                31, |   |   | DECEMBER                31, |   |
|                                                                                                                              |   | 2007 |   |   | 2006 |   |
| ASSETS                                                                                                                            |   |   |   |   |   |   |
| Current                Assets                                                                                                     |   |   |   |   |   |   |
|   Cash                and cash equivalents                                                                              |   | $ | 1,681 |   |   | $ | 8,601 |   |
|                  Accounts receivable                                                                                         |   |   | - |   |   |   | 124,000 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Total                current assets                                                                                               |   |   | 1,681 |   |   |   | 132,601 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Property                and equipment , net of accumulated depreciation of $14,643 and $13,978,                respectively       |   |   | 11,192 |   |   |   | 11,858 |   |
| Film                production                                                                                                    |   |   | 682,827 |   |   |   | 682,827 |   |
| Other                assets                                                                                                       |   |   | 1,875 |   |   |   | 1,875 |   |
| Deferred                financing costs                                                                                           |   |   | - |   |   |   | 50,000 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Total                Assets                                                                                                       |   | $ | 697,575 |   |   | $ | 879,161 |   |
| LIABILITIES                &  STOCKHOLDERS' DEFICIT                                                                 |   |   |   |   |   |   |   |   |
| Current                Liabilities                                                                                                |   |   |   |   |   |   |   |   |
|   Accounts                Payable                                                                                       |   | $ | 79,073 |   |   | $ | 78,573 |   |
|   Accrued                Liabilities                                                                                    |   |   | 110,582 |   |   |   | 83,381 |   |
|   Advance                from related party                                                                             |   |   | 448,147 |   |   |   | 436,322 |   |
|   Bank                overdraft                                                                                         |   |   |   |   |   |   | - |   |
|   Notes                payable to former winners                                                                        |   |   | 272,581 |   |   |   | 274,081 |   |
|   Convertible                Debentures, net of discount of $279,619 and $350,263                respectively           |   |   | 319,434 |   |   |   | 536,045 |   |
|   Convertible debentures derivative                liability                                                  |   |   | 571,296 |   |   |   | 780,282 |   |
| Total                Liabilities                                                                                                  |   |   | 1,801,112 |   |   | $ | 2,188,683 |   |
| Stockholders'                deficit:                                                                                             |   |   |   |   |   |   |   |   |
|   Preferred                stock; $0.001 par value; 10,000,000 shares authorized, issued and                outstanding |   |   | 10,000 |   |   |   | 10,000 |   |
|   Common stock;                $0.001 par value; 10,000,000,000 shares authorized;                                 |   |   | 481,695 |   |   |   | 52,011 |   |
|   Additional                paid in capital                                                                             |   |   | 19,670,780 |   |   |   | 19,320,271 |   |
|   Unissued                common stock                                                                                  |   |   | 611 |   |   |   | 611 |   |
|   Treasury                stock; 25,769 shares at cost                                                                  |   |   | (162,018 | ) |   |   | (162,018 | ) |
|   Accumulated                deficit                                                                                    |   |   | (21,104,606 | ) |   |   | (20,530,398 | ) |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Total                stockholders' deficit                                                                                        |   |   | (1,103,542 | ) |   |   | (1,309,523 | ) |
| TOTAL                LIABILITIES & STOCKHOLDERS' DEFICIT                                                                      |   | $ | 697,575 |   |   | $ | 879,161 |   |

| WGL                ENTERTAINMENT HOLDINGS, INC                                          |   |
|-----------------------------------------------------------------------------------------|--------|
| STATEMENTS                OF OPERATIONS                                                 |   |
| FOR                THE THREE MONTHS ENDED MARCH 31, 2007 and 2006                  |   |
| (UNAUDITED)                                                                             |   |
|                                                                                    |   |   |   |   |   |   |
|                                                                                    |   | 2007 |   |   | 2006 |   |
| REVENUE                                                                                 |   |   |   |   |   |   |
| Membership                fee revenue                                                   |   | $ | - |   |   | $ | 11,097 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
| Total                Revenue                                                            |   |   | - |   |   |   | 11,097 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
| Operating,                general and administrative expenses                           |   |   | 550,878 |   |   |   | 3,208,536 |   |
| Net                loss from operations                                                 |   |   | (550,878 | ) |   |   | (3,197,439 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| Other                income (expense)                                                   |   |   |   |   |   |   |   |   |
| Interest                expense                                                         |   |   | (63,011 | ) |   |   | (630,739 | ) |
| Gain                (loss) on derivative liability                                      |   |   | (70,027 | ) |   |   | 247,142 |   |
| Gain                on debt extinguishment                                              |   |   | 153,966 |   |   |   | (274,224 | ) |
| Registration                rights expense                                              |   |   | (50,700 | ) |   |   | - |   |
| Other                income                                                             |   |   | 8,700 |   |   |   | 30,073 |   |
| Other                expenses                                                           |   |   | (2,258 | ) |   |   | (56,157 | ) |
| Net                loss                                                                 |   | $ | (574,208 | ) |   | $ | (3,881,344 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding – Basic and fully-diluted |   |   | 138,210,152 |   |   |   | 27,544,059 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
| Net                loss per share – Basic and fully-diluted                  |   | $ | (0.004 | ) |   | $ | (0.141 | ) |

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**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

| WGL                ENTERTAINMENT HOLDINGS, INC.                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
| STATEMENT                OF STOCKHOLDERS' DEFICIT                                                                                    |
| (UNAUDITED)                                                                                                                          |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 | Preferred                Stock |  Common                Stock | Additional                Paid-In | Unissued                Common | Treasury | Accumulated |   |
|                                                                                                                                 | Shares | Amount |  Shares | Amount |  Capital |  Stock | Stock |  Deficit |  Total                Equity |
| Balance                , December 31, 2006                                                                                           | 10,000,000 | $   10,000 | 52,011,390 | $   52,011 | $  19,320,271 | $   611 | $                (162,018) | $  (20,530,398) | $  (1,309,523) |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Common                stock issued for services                                                                                      | -  | -  | 325,300,000 | 325,300 | 11,360 | -  | -  | -  | 336,660 |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Common                stock issued for conversion of debentures                                                                      | -  | -  | 104,383,102 | 104,384 | 180,871 | -  | -  | -  | 285,255 |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Common                stock issued for exercise of warrants                                                                          | -  | -  | 364 | - | 36,363 | -  | -  | -  | 36,363 |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Reduction                of derivative liability for conversion of debentures and exercise                of                warrants | -  | -  | -  | -  | 121,911 | -  | -  | -  | (378,089) |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Net                loss                                                                                                              | -  | -  | -  | -  | -  | -  | -  | (574,208) | (574,208) |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Balance,                March 31, 2007                                                                                               | 10,000,000 | $   10,000 | 481,694,856 | $  481,695 | $  19,170,776 | $   611 | $                (162,018) | $  (21,104,606) | $  (1,603,542) |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |

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**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

| WGL                ENTERTAINMENT HOLDINGS, INC                                            |   |
|-------------------------------------------------------------------------------------------|--------|
| STATEMENT                OF CASH FLOWS                                                    |   |
| FOR                THREE MONTHS ENDED MARCH 31, 2007 AND 2006                             |   |
| (UNAUDITED)                                                                               |   |
|                                                                                      |   |   |   |   |   |   |
|                                                                                      |   | 2007 |   |   | 2006 |   |
|                                                                                      |   |   |   |   |   |   |
| Cash                Flows From Operating Activities                                       |   |   |   |   |   |   |
| Net                income (loss)                                                          |   | $ | (574,208 | ) |   | $ | (3,881,344 | ) |
| Adjustments                to reconcile net loss to cash                                  |   |   |   |   |   |   |   |   |
|   provided                by (used in) operating activities                     |   |   |   |   |   |   |   |   |
|   Depreciation                and Amortization                                  |   |   | 666 |   |   |   | 2,663 |   |
|     Amortization                of Discount on Convertible debentures |   |   | 65,011 |   |   |   | 254,054 |   |
|   Gain                on Derivative Liability                                   |   |   | 44,536 |   |   |   | (247,142 | ) |
|   Gain/Loss                on Debt Extinguishment                               |   |   | (127,974 | ) |   |   | 274,224 |   |
|    Shares                issued for Services                               |   |   | 336,660 |   |   |   | 3,266,369 |   |
| Changes                in:                                                                |   |   |   |   |   |   |   |   |
|    Accounts                Receivable                                      |   |   | 124,000 |   |   |   | (124,000 | ) |
|   Accounts                payable                                               |   |   | 501 |   |   |   | (47,122 | ) |
|     Other                Assets                                       |   |   | 50,000 |   |   |   | (50,000 | ) |
|    Bank                Overdraft                                           |   |   |   |   |   |   | (10,738 | ) |
|   Accrued                Expenses                                               |   |   | 39,025 |   |   |   | 142,445 |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Net                Cash (Used)Provided by Operating Activities                            |   | $ | (41,783 | ) |   | $ | (420,591 | ) |
|                                                                                      |   |   |   |   |   |   |   |   |
| Cash                Flows from Investing Activities                                       |   |   |   |   |   |   |   |   |
|    Capital                Expenditures                                     |   |   |   |   |   |   | (45 | ) |
|     Increase                in Film Production Cost                   |   |   |   |   |   |   | (40,478 | ) |
|                                                                                      |   |   |   |   |   |   |   |   |
|     Net                Cash used in Investing Activities              |   | $ | - |   |   | $ | (40,523 | ) |
|                                                                                      |   |   |   |   |   |   |   |   |
| Cash                Flows from Financing Activities                                       |   |   |   |   |   |   |   |   |
|    Advance                to purchase Treasury Stock                       |   |   |   |   |   |   | 37,500 |   |
|     Advance                from Related Party                         |   |   |   |   |   |   | 276,053 |   |
|     Net                payment to Prize winners                       |   |   | (1,500 | ) |   |   | (7,000 | ) |
|       Proceeds                from exercise of warrants     |   |   | 36,363 |   |   |   | 847,900 |   |
|    Proceeds                from Issuance of New Debt                       |   |   |   |   |   |   | 294,259 |   |
|     Debt                repayment                                     |   |   |   |   |   |   | (978,997 | ) |
|                                                                                      |   |   |   |   |   |   |   |   |
| Net                cash Provided in (Used)in Financing Activities                         |   | $ | 34,863 |   |   | $ | 469,715 |   |
|                                                                                      |   |   |   |   |   |   | - |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Net                Increase (Decrease) in Cash                                            |   |  $ | (6,920 | ) |   |  $ | 8,601 |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Cash                at beginning of year                                                  |   |   | 8,601 |   |   |   | - |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Cash                at end of year                                                        |   | $ | 1,681 |   |   | $ | 8,601 |   |

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**OUR            AUDITORS HAVE NOT AUDITED OR REVIEWED THESE FINANCIAL            STATEMENTS**

**NOTE      A – BASIS OF PRESENTATION SUMMARY OF SIGNIFICANT ACCOUNTING      POLICIES**

**Use      of Estimates**

**NOTE      B - GOING CONCERN**

**Note      C – Property and Equipment**

| **Description**                                                       | **Life** | **2007**               | **2006**           |
|-----------------------------------------------------------------------|----------|------------------------|--------------------|
| Leasehold                improvements                                 | 7        | $                2,060 | $  2,060 |
| Equipment                                                             | 7        | $15,795                | $15,795            |
| Furniture                & fixtures                               | 7        | $                7,981 | $7,981             |
|     Less:                Accumulated Depreciation |     | ($14,643)              | ($13,977)          |
| Net                book valued                                        |     | $11,192                | $11,858            |

**Note      D – Capitalized Film Production Costs**

**Note      E – Stockholders’ Equity**

**Common      Stock**

**Debt      Conversion**

**Warrants      and Options Exercised**

**NOTE      F - CONCENTRATIONS OF CREDIT RISK**

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