UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-QSB





[X]
            Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended March 31,
      2008[  ]
            Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period __________ to__________Commission
      File Number:  333-140685





World Series of Golf,
Inc.


(Exact
name of small business issuer as specified in its charter)





Nevada
            87-0719383(State
      or other jurisdiction of incorporation or
    organization)
            (IRS
      Employer Identification No.)





5340 S. Procyon St.,
      Las Vegas, NV 89118(Address
      of principal executive offices)





(702)
      740-1740(Issuer’s
      telephone number)_______________________________________________________________(Former
      name, former address and former fiscal year, if changed since last
      report)





Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the issuer was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days [X]
Yes    [ ] No





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). [ ] Yes   [X] No





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date:  21,623,999 common shares as of April
18, 2008





Transitional
Small Business Disclosure Format (check one): Yes [ ] No [X]





TABLE OF
      CONTENTS
            PagePART I – FINANCIAL
      INFORMATIONItem 1.
            Financial Statements
            3Item 2.
            Plan of Operation
            4Item 3.
            Controls and Procedures
            10PART II – OTHER
      INFORMATIONItem 1.
            Legal Proceedings
            11Item 2.
            Unregistered Sales of Equity Securities and Use of
      Proceeds
            11Item 3.
            Defaults Upon Senior Securities
            11Item 4.
            Submission of Matters to a Vote of Security
      Holders
            11Item 5.
            Other Information
            11Item 6.
            Exhibits
            11


2


PART
I - FINANCIAL INFORMATION





Item1.    Financial Statements





Our
      unaudited financial statements included in this Form 10-QSB are as
      follows:F-1
            Balance Sheet as of March 31, 2008
    (unaudited);F-2
            Statements of Operations for the three months ended March 31,
      2008 and March 31, 2007 (unaudited)F-3
            Statements of Stockholders’ Equity (unaudited) as of March 31,
      2008;F-4
            Statements of Cash Flows for the three months ended March 31,
      2008 and March 31, 2007(unaudited);F-5
            Notes to Financial
Statements.








These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-QSB.  In the
opinion of management, all adjustments considered necessary for a fair
presentation have been included.  Operating results for the interim
period ended March 31, 2008 are not necessarily indicative of the results that
can be expected for the full year.


3


WORLDSERIES OF GOLF, INC.


Balance
Sheets
  ASSETS
              March
      31,
                2008
              
              December
      31,
                2007(unaudited)CURRENT
      ASSETSCash
              $
              433,569
              
              $
              244,914Accounts
      receivable
              
              56,960
              
              
              186,960Prepaid
      expenses
              
              42,000
              
              
              -Total
      Current Assets
              
              532,529
              
              
              431,874FIXED
      ASSETS, net
              
              205,206
              
              
              190,627TOTAL
      ASSETS
              $
              737,735
              
              $
              622,501LIABILITIES AND
      STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable
              $
              57,414
              
              $
              59,135Convertble
      debt, net
              
              912,653
              
              
              912,653Other
      current liabilities
              
              90,500
              
              
              63,500Total
      Current Liabilities
              
              1,060,567
              
              
              1,035,288LONG-TERM
      LIABILITIES
              
              -
              
              
              -Total
      Liabilities
              
              1,060,567
              
              
              1,035,288STOCKHOLDERS'
      EQUITY (DEFICIT)Common
      stock; 50,000,000 shares authorized, at $0.001 par value,
                21,663,999
      and 21,399,999 shares issued and outstanding, respectively
              
              21,663
              
              
              21,399Additional
      paid-in capital
              
              8,439,256
              
              
              8,109,520Stock
      subscription receivable
              
              (2,000,000)
              
              
              (2,000,000)Accumulated
      deficit
              
              (6,783,751)
              
              
              (6,543,706)Total
      Stockholders' Equity (Deficit)
              
              (322,832)
              
              
              (412,787)TOTAL
      LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)
              $
              737,735
              
              $
              622,501






F-1


WORLDSERIES OF GOLF, INC.
 Statements
of Operations
 (unaudited)
  For
      the Three
                    Months
      Ended
                      March 31,2008
              
              2007REVENUES
              $
              441,565
              
              $
              3,955COST
      OF SALES
              
              78,189
              
              
              6,635GROSS
      PROFIT
              
              363,376
              
              
              (2,680)EXPENSESManagement
      fees
              
              143,007
              
              
              568,897Depreciation
      and amortization
              
              12,822
              
              
              -Advertising
      and marketing
              
              51,595
              
              
              55,590Professional
      fees
              
              161,027
              
              
              15,231General
      and administrative
              
              206,514
              
              
              78,894Total
      Expenses
              
              574,965
              
              
              718,612OPERATING
      LOSS
              
              (211,589)
              
              
              (721,292)OTHER
      INCOME (EXPENSE)Interest
      income
              
              365Interest
      expense
              
              (28,821)
              
              
              -Total
      Other Income (Expense)
              
              (28,456)
              
              
              -NET
      LOSS
              $
              (240,045)
              
              $
              (721,292)BASIC
      LOSS PER COMMON SHARE
              $
              (0.01)
              
              $
              (0.08)WEIGHTED
      AVERAGENUMBER OF COMMON SHARES OUTSTANDING
              
              21,531,999
              
              
              8,629,568


F-2


WORLDSERIES OF GOLF, INC.


Statements
of Stockholders' Equity (Deficit) (unaudited)
  Common
      Stock
                  
                  
                  
                  Additional
                      Paid-in
                  
                  Stock
                      Subscription
                  
                  AccumulatedShares
                  
                  Amount
                  
                  Capital
                  
                  Receivable
                  
                  Deficit
                  
                  TotalBalance,
      December 31, 2006
                  
                  8,629,568
                  
                  $
                  8,629
                  
                  $
                  1,964,371
                  
                  $
                  -
                  
                  $
                  (1,693,410)
                  
                  $
                  279,590Common
      stock issued forcash at $1.05 per share
                  
                  4,323,319
                  
                  
                  4,323
                  
                  
                  4,554,677
                  
                  
                  (2,000,000)
                  
                  
                  -
                  
                  
                  2,559,000Common
      stock issued forservices at $1.05 per share
                  
                  1,447,113
                  
                  
                  1,447
                  
                  
                  1,524,553
                  
                  
                  -
                  
                  
                  -
                  
                  
                  1,526,000Contributed
      capital
                  
                  -
                  
                  
                  -
                  
                  
                  24,885
                  
                  
                  -
                  
                  
                  -
                  
                  
                  24,885Beneficial
      conversion feature of convertible debt
                  
                  -
                  
                  
                  -
                  
                  
                  48,034
                  
                  
                  -
                  
                  
                  -
                  
                  
                  48,034Recapitalization
                  
                  6,999,999
                  
                  
                  7,000
                  
                  
                  (7,000)
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -Net
      loss for the year December 31, 2007
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (4,850,296)
                  
                  
                  (4,850,296)Balance,
      December 31, 2007
                  
                  21,399,999
                  
                  
                  21,399
                  
                  
                  8,109,520
                  
                  
                  (2,000,000)
                  
                  
                  (6,543,706)
                  
                  
                  (412,787)Common
      stock issued for cash at $1.25 per share
                  
                  264,000
                  
                  
                  264
                  
                  
                  329,736
                  
                  
                  -
                  
                  
                  -
                  
                  
                  330,000Net
      loss for the three months ended March 31, 2008
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (240,045)
                  
                  
                  (240,045)Balance,
      March 31, 2008
                  
                  21,663,999
                  
                  $
                  21,663
                  
                  $
                  8,439,256
                  
                  $
                  (2,000,000)
                  
                  $
                  (6,783,751)
                  
                  $
                  (322,832)


F-3
 WORLDSERIES OF GOLF, INC.
 Statements
of Cash Flows (unaudited)
 For
      the Three
                      Months Ended
                      March 31,2008
                
                2007OPERATING
      ACTIVITIESNet
      loss
                $
                (240,045)
                
                $
                (721,292)Adjustments
      to reconcile net loss to net cash used by operating
      activities:Depreciation
                
                12,822
                
                
                -Common
      stock issued for services
                
                -
                
                
                -Changes
      in operating assets and liabilities(Increase)
      decrease in accounts receivable
                
                130,000
                
                
                -(Increase)
      decrease in prepaid expenses
                
                (42,000)
                
                
                (308,278)Increase
      (decrease) in accounts payable
                
                7,334
                
                
                438,398Increase
      (decrease)  in other current liabilities
                
                17,945
                
                
                2,855Net
      Cash Used in Operating Activities
                
                (113,944)
                
                
                (588,317)INVESTING
      ACTIVITIESPurchase
      of fixed assets
                
                (27,401)
                
                
                (377)Net
      Cash Used in Investing Activities
                
                (27,401)
                
                
                (377)FINANCING
      ACTIVITIESIncrease
      in note payable - related party
                
                -
                
                
                -Common
      stock issued for cash
                
                330,000
                
                
                360,000Net
      Cash Provided by Financing Activities
                
                330,000
                
                
                360,000NET
      INCREASE (DECREASE) IN CASH
                
                188,655
                
                
                (228,694)CASH
      AT BEGINNING OF PERIOD
                
                244,914
                
                
                298,934CASH
      AT END OF PERIOD
                $
                433,569
                
                $
                70,240SUPPLIMENTAL
      DISCLOSURES OF CASH
      FLOW INFORMATIONCASH
      PAID FOR:Interest
                $
                28,821
                
                $
                -Income
      Taxes
                $
                -
                
                $
                -
 F-4


WORLDSERIES OF GOLF, INC.


(A
Development Stage Company)
 Notes to
the Financial Statements
 March 31,
2008 and December 31, 2007
 
 NOTE 1 -
CONDENSED FINANCIAL STATEMENTS
 
 The
accompanying financial statements have been prepared by the Company without
audit.  In the opinion of management, all adjustments (which include
only normal recurring adjustments) necessary to present fairly the financial
position, results of operations and cash flows at March 31, 2008 and for all
periods presented have been made.
 
 Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America have been condensed or omitted. It is suggested that
these condensed financial statements be read in conjunction with the financial
statements and notes thereto included in the Company's December 31, 2007 audited
financial statements.  The results of operations for the periods ended
March 31, 2008 and 2007 are not necessarily indicative of the operating results
for the full years.
 
 NOTE 2 -
GOING CONCERN
 
 The
Company’s financial statements are prepared using generally accepted accounting
principles applicable to a going concern which contemplates the realization of
assets and liquidation of liabilities in the normal course of
business.  The Company has had no revenues and has generated losses
from operations.
 
 In order
to continue as a going concern and achieve a profitable level of operations, the
Company will need, among other things, additional capital resources and to
develop a consistent source of revenues.  Management’s plans include
of investing in and developing all types of businesses related to the sports
entertainment industry.
 
 The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plan described in the preceding paragraph
and eventually attain profitable operations.  The accompanying
financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.
 
 F-5


Item2.     Plan of Operation





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934.   These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions.  We intend
such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of complying with
those safe-harbor provisions.  Forward-looking statements are based on
current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain.  Factors which could have a
material adverse affect on our operations and future prospects on a consolidated
basis include, but are not limited to: changes in economic conditions,
legislative/regulatory changes, availability of capital, interest rates,
competition, and generally accepted accounting principles. These risks and
uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements.  We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.  Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.





Overview





We are in
the sports and entertainment business.  Our premiere event is a golf
tournament played under a patent pending format similar to Texas Hold ‘Em
poker.  The Inaugural World Series of Golf was played May 13-16, 2007
in Las Vegas, Nevada and aired on NBC Sports. The event was hosted by the MGM
Mirage - the official casino and hotel of the World Series of Golf. The event
featured two Las Vegas style wrap-around parties - opening night and closing
night. The three day event with single day elimination was played at Primm
Valley Golf Club with 60 players participating.  The event was viewed
in over 2 million households on NBC Sports and had over 96 million internet
impressions. It aired on SKY Sports in Europe and was featured in local,
national and regional coverage including the AP wire service.





The 2008
World Series of Golf is being played the week of May 12-15. There were more
applicants than playing positions and the event has doubled in
size.  Our objective is to build a global brand with the finals
bringing players from all over the world to Las Vegas and creating the largest
payout of any golf tournament in the world. The World Series of Golf is also
preparing to launch the World Series of Golf Europe and The World Series of Golf
Online.




4





We also
own the rights to a number of other event titles, including the “World Series of
Men’s Professional Golfä”, “World Series of
Women’s’ Professional Golfä”, “World Series of Amateur
Golfä”, and the “World
Series of Club Championship GolfTM”. An application for the mark “World Series of
Golf®” was filed in Canada on December 6, 2004 and was approved by the Canadian
authority on September 27, 2005. We filed an international application for the
World Series of Golf® game format in any of the countries which are members of
the Patent Cooperation Treaty.  A United States patent application was
filed for the World Series of Golf® game format with the United States Patent
Trademark Office on October 5, 2004. The application is now patent
pending.





Plan
of Operation in the Next 12 Months





Our
strategic plan is based on management’s belief that it will take three
successful annual events, along with the development of an online accessible
game, to obtain acceptance of the World Series of Golf® as a method of play and
to establish it as a brand in the mind of players.   The first
event was viewed by management as a means to prove that the game concept works
and to establish it as an authentic concept.  The second event is
viewed by management as the means to show that the game can be grown and that
the first event was not just a fluke.  The third event is being viewed
as the means to validate the game in the mind of players and the public
generally.
 
 Management
sees the development and acceptance of an online game as critical to getting the
game’s method of play to a significantly larger number of players than would be
possible if we only offered a land based event.  The larger number of
players and greater regularity of game events potentially offered by online play
are expected to raise significantly more revenues for us over
time.




We
succeeded in completing the inaugural event in Las Vegas on May 13-16,
2007.  According to the statistics we received, it was viewed in over
2 million households on NBC Sports and had over 96 million internet impressions
from our online component. It aired on SKY Sports in Europe and was featured in
local, national and regional coverage in the U.S., including the AP wire
service.  The 2008 annual event is currently underway during the week
of May 12-15, 2008. Our online component is in the process of development and
should be released in a beta test format during the second half of the year,
with a public launch targeted for 2009. At this time, our third major event in
Las Vegas is expected to be planned for the following year at about the same
time of year, in May 2009.





Year One -- Proof of Concept
and Establishing Authenticity


During
the year ended December 31, 2007, our primary objective was to establish proof
of our unique concept and to create an authentic and successful event based upon
our proprietary method of tournament golf play.  Our first tournament
was viewed by over 2 million households and has generated a very positive
overall response.  The popularity of the inaugural 60-player event has
led to more applicants than player positions available for the expanded
125-player tournament being played May 12-15, 2008.




5





Management
believes it has succeeded in establishing the World Series of Golf game format
as a legitimate and enjoyable method of play.  Our strategy going
forward in 2008 will thus be to expand and broaden the game play and acceptance
generally.





Year Two -- Event Growth and
Online Development


Our plan
of operations for the 2008 fiscal year will build upon the success of our
inaugural event  and will focus on two distinct but complimentary
methods of play: land based events and online play.





Growth
of Land-Based Events





Our
land-based tournament events generate revenue directly through the $10,000
buy-in paid by each tournament player.  To expand the revenues created
directly by our land-based events, we must expand the number of tournaments and
players.  Our flagship World Series of Golf tournament will continue
to be played in Las Vegas, Nevada for the foreseeable future as it continues to
grow in size.   In this regard, we have increased the number of
players from 60 to 125to accommodate the number of player requests, which have
already exceeded the number of spots available.





In
addition, we have opened a London office with partners in order to expand
operations and play into Europe. Our first European event is tentatively
scheduled for September or October of 2008.  Our European events are
expected to be varied in size, but all played under our patent pending format.
We anticipate the events to be similar to those hosted in Las Vegas, featuring a
buy-in for each player (projected to be £10,000) and a three-to-four day
elimination tournament. We are exploring the creation of made-for-television
events (i.e., USA vs. Europe) played in a Ryder Cup style. Many of our current
partners, vendors and affiliates have a global presence. These global ties are
expected to provide valuable assistance with the expansion of our tournaments to
Europe and beyond.





Another
part of our plans for growing our land based events involves television and
broadband media.  Under our current broadcast media strategy, we
retain the broadcast rights to our events and related content and air the events
through the purchase of broadcast time from a major
network.   Revenues are then generated through the sale of
advertising sponsorships.  In the short term, this strategy foregoes
the potentially higher net revenues which may be attainable through an outright
sale of the television rights to our events.  At the current time,
however, we believe the long term interests of the company are better served by
increasing our media presence and growing and expanding the awareness, appeal,
and overall value of our events and the related telecast rights.  We
thus plan to continue this strategy through the end of the 2008 fiscal
year.





Ultimately,
after we have better established our game as a compelling television event, we
would like to find a permanent telecast home for flagship event in Las
Vegas.  The primary contenders for a permanent relationship at this
time would be The Golf Channel in the U.S. and SKY Sports in
Europe.





Our
inaugural event was aired on NBC. It generated a .9 rating (about 2 million
households). As with any first year event, however, it was difficult to find the
proper pacing. The NBC telecast




6




was
therefore acceptable, but not exemplary. We believe the game is better shown on
TV as a reality show in episodic form rather than as a golf tournament. Not
completely satisfied with the results obtained in the inaugural telecast, we
have hired Echo Entertainment in Los Angeles, post production specialists, who
primarily edit poker based shows (including NBC’s Poker After
Dark).





We
re-aired our 2007 NBC telecast on SKY Sports in Europe.  We received
favorable response and are currently engaged in conversations whereby SKY Sports
would be the home of The World Series of Golf and air our European events when
played.   The European destinations that would host our events
are searching for television exposure and having thus having a strong European
media partner would strengthen our position immensely.





Broadcasting
our events through SKY Sports may also provide additional opportunities through
their subscription service known as “In-Play.”  This service allows
for viewers in Europe to participate in legal, real-time wagering on live sports
events during play.   The potential for broadcasting a World
Series of Golf event in conjunction with this service has raised SKY Sports’
interest in made-for-television events that could be aired live utilizing our
format. Conversations in this regard are currently ongoing.





Online
Game Development





Management
believes that much of our potential for long-term growth resides with the
development of an online game and revenue base.  The number of
participants in our land-based events is inherently limited by the requirements
of bringing players together in one place, by the $10,000 high-stakes buy-in,
and by the logistical challenges that will mount in any live event as more and
more participants are added.   By bringing our proprietary game
to the Internet, we hope  to transcend these limitations.





The
online game being developed in partnership with the World Golf Tour will contain
several valuable features: it will (1) require users to register; (2) allow
people to play and get familiar with our format and (3) encourage the
development of a social networking community related to the game and its online
play.  Through the online game, the World Series of Golf we expect to
be able to conduct events 24 hours a day, seven days a week. Players will be
able to compete varied types of play, including 3 hole, 6 hole, 9 hole, or 18
hole events. Most of these events will be buy-in events.  Registered
players will acquire credits and then use these credits to participate in the
online events they choose. Management expects this to not only drive revenue,
but give the users an opportunity to learn the format.





We plan
to launch our beta site, featuring a three hole game, in the second half of 2008
and anticipate our fully functional online site to go live in 2009. We
anticipate leveraging our land based events, media and strategic partner
relations to drive traffic to the online game site.





Once a
critical number of players have familiarized themselves with our game and have
refined their skills using our U.S.-based online game, we will explore
opportunities to incorporate online gaming into the online games. Under the
terms of our agreement with The World Golf Tour, we




7




have the
right to license the operating system being developed to create a gambling
platform to put on top of our game and operate in those parts of the world where
online gaming is legal.





Year Three -- Validity and
Long-Term Success





Management
believes that the 2009 fiscal year upon the completion of our third inaugural
event will be the turning point at which we will be able to establish our
business as a viable growing concern that is well positioned for long-term
profitability and success.  The successful completion of our third
flagship World Series of Golf event in the Spring of 2009 is expected to put us
over the proof of concept stage and establish the long term staying power of our
brand.  Also during 2009, we expect to launch the fully-functional
version of our online game site and to begin building our online following and
community, generating the increase revenues we will need to grow the business
over time.





Expected
Changes In Number of Employees, Plant, and Equipment





We do not
have plans to purchase any physical plant or any significant equipment or to
change the number of our employees during the next twelve months.




Results
of Operations for the three months ended March 31, 2008


We earned
revenues of $441,565 and incurred costs of sale totaling $78,189 during the
three months ended March 31, 2008, compared to revenues of $3,955 and costs of
sale of $6,635 during the three months ended March 31, 2007. We incurred
operating expenses in the amount of $574,695 for the three months ended March
31, 2008 and in the amount of $718,612 for the three months ended March 31,
2007.  Our operating expenses during the three months ended March 31,
2008 included management fees in the amount of $143,007, depreciation and
amortization of $12,822, advertising and marketing expenses in the amount of
$51,595, professional fees in the amount of $161,027, and general and
administrative expenses in the amount of $206,514.
 
 We
incurred a net loss of $240,045 for the three months ended March 31, 2008,
compared to a net loss of $721,292 for the three months ended March 31,
2007.   Our losses are attributable to operating expenses in
excess of current revenues.
 
 Liquidity
and Capital Resources
 
 As of
March 31, 2008, we had current assets in the amount of $532,529, consisting of
$433,569 in cash, $56,960 in accounts receivable, and $42,000 in prepaid
expenses.  As of March 31, 2008, we had $1,060,567 in current
liabilities, consisting of accounts payable of $57,414, a note payable to a
shareholder in the amount of $912,653, and other current liabilities in the
amount of $90,500.  We therefore had a working capital deficit of
$528,038 as of March 31, 2008.




8





The
Company has approved a $5.5 million operating budget for 2008.  We
expect to generate revenues consisting of $1.25 million in player buy-ins for
our annual Las Vegas tournament.  Our goal and expectation is to
generate approximately $1.5 million to $2 million in sponsorship sales,
including $500,000 to $750,000 for the title sponsorship.  Additional
revenues would be realized from player buy-ins and sponsorship sales from our
first European event tentatively slated for late 2008, as well as international
distribution of our content by IMG.  Finally, the company’s stock
purchase and licensing agreements with The Custom Group call for a total of for
$2 million to be paid to us at a rate of $200,000 per month beginning January,
2008





We
believe that our planned equity financing, together with our anticipated
revenues and cash-on-hand, will allow us to meet our budget and execute on our
strategic plan during the 2008 fiscal year.





Off
Balance Sheet Arrangements





As of
March 31, 2008, there were no off balance sheet arrangements.





Going
Concern




We have
not attained profitable operations and are dependent upon obtaining financing to
execute on our business plan. For these reasons our auditors stated in their
report that they have substantial doubt we will be able to continue as a going
concern.





Our
ability to continue as a going concern is dependent our generating cash from the
sale of our common stock and/or obtaining debt financing and attaining future
profitable operations. Management’s plans include selling our equity securities
to fund our capital requirements and ongoing operations; however, there is no
assurance we will be successful in these efforts.





Critical
Accounting Policies





In
December 2001, the SEC requested that all registrants list their most “critical
accounting polices” in the Management Discussion and Analysis. The SEC indicated
that a “critical accounting policy” is one which is both important to the
portrayal of a company’s financial condition and results, and requires
management’s most difficult, subjective or complex judgments, often as a result
of the need to make estimates about the effect of matters that are inherently
uncertain.





There are
no critical accounting policies for the company as this time.





Recently Issued Accounting
Pronouncements





In
September 2006, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 157, “Fair Value Measurements” which defines
fair value, establishes a framework for measuring fair value in generally
accepted accounting principles (GAAP), and expands disclosures about fair value
measurements. Where applicable, SFAS No. 157 simplifies




9




and
codifies related guidance within GAAP and does not require any new fair value
measurements. SFAS No. 157 is effective for financial statements issued for
fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. Earlier adoption is encouraged. The Company does
not expect the adoption of SFAS No. 157 to have a significant effect on its
financial position or results of operation.





In June
2006, the Financial Accounting Standards Board  issued FASB
Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an
interpretation of FASB Statement No. 109”, which prescribes a recognition
threshold and measurement attribute for the financial statement recognition and
measurement of a tax position taken or expected to be taken in a tax
return.  FIN 48 also provides guidance on de-recognition,
classification, interest and penalties, accounting in interim periods,
disclosure and transition. FIN 48 is effective for fiscal years beginning after
December 15, 2006.  The Company does not expect the adoption of FIN 48
to have a material impact on its financial reporting, and the Company is
currently evaluating the impact, if any, the adoption of FIN 48 will have on its
disclosure requirements.





In
March 2006, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 156, “Accounting for Servicing of Financial
Assets—an amendment of FASB Statement No. 140.” This statement requires an
entity to recognize a servicing asset or servicing liability each time it
undertakes an obligation to service a financial asset by entering into a
servicing contract in any of the following situations: a transfer of the
servicer’s financial assets that meets the requirements for sale accounting; a
transfer of the servicer’s financial assets to a qualifying special-purpose
entity in a guaranteed mortgage securitization in which the transferor retains
all of the resulting securities and classifies them as either available-for-sale
securities or trading securities; or an acquisition or assumption of an
obligation to service a financial asset that does not relate to financial assets
of the servicer or its consolidated affiliates. The statement also requires all
separately recognized servicing assets and servicing liabilities to be initially
measured at fair value, if practicable, and permits an entity to choose either
the amortization or fair value method for subsequent measurement of each class
of servicing assets and liabilities. The statement further permits, at its
initial adoption, a one-time reclassification of available for sale securities
to trading securities by entities with recognized servicing rights, without
calling into question the treatment of other available for sale securities under
Statement 115, provided that the available for sale securities are identified in
some manner as offsetting the entity’s exposure to changes in fair value of
servicing assets or servicing liabilities that a servicer elects to subsequently
measure at fair value and requires separate presentation of servicing assets and
servicing liabilities subsequently measured at fair value in the statement of
financial position and additional disclosures for all separately recognized
servicing assets and servicing liabilities. This statement is effective for
fiscal years beginning after September 15, 2006, with early adoption permitted
as of the beginning of an entity’s fiscal year. Management believes the adoption
of this statement will have no immediate impact on the Company’s financial
condition or results of operations.





Item3.     Controls and
Procedures





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of March 31, 2008.  This evaluation was
carried out under the supervision and with the participation of our Chief
Executive Officer and our Chief Financial Officer, Mr. Terry Leiweke. Based upon
that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that, as of March 31, 2008, our disclosure controls and procedures are
effective.  There have been no changes in our internal controls over
financial reporting during the quarter ended March 31, 2008.





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.





Limitations on the
Effectiveness of Internal Controls





Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are effective at that reasonable assurance level.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.


10


PART
II – OTHER INFORMATION





Item1.     Legal Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item2.     Unregistered Sales of Equity
Securities and Use of Proceeds





None





Item3.     Defaults upon Senior
Securities





None





Item4.     Submission of Matters to a Vote
of Security Holders





No
matters have been submitted to our security holders for a vote, through the
solicitation of proxies or otherwise, during the quarterly period ended March
31, 2008.





Item5.     Other Information





None





Item6.      Exhibits





ExhibitNumber
            Description
      of Exhibit3.1
            Articles
      of Incorporation (1)3.2
            By-Laws
      (1)31.1
            Certification of Chief Executive Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
            Certification of Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
            Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002





(1)
            Previously
      included as an exhibit to the Current Report on Form 8-K filed with the
      Securities and Exchange Commission on February 1,
  2008.





11


SIGNATURES





In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





World
      Series of Golf, Inc.Date:
            May
      20, 2008By:       /s/ Terry
      Leiweke
              Terry
      Leiweke
              Title:Chief
      Executive Officer, Chief Financial Officer, Principal Accounting
      Officer and Director