Press ReleaseSource: WGL Entertainment Holdings, Inc.

WGL Entertainment Holdings, Inc. Closes License Agreement With Zcom Networks, Inc., Announces Dividend
Thursday September 4, 2008 7:00 am ET

LAKE MARY, FL--(MARKET WIRE)--Sep 4, 2008 -- WGL Entertainment Holdings, Inc. (Other OTC:WEHI.PK - News) announced today that it has closed a broadcast license agreement with Zcom Networks, Inc. (Other OTC:ZCMN.PK - News) which will result in WGL receiving 15,000,000 shares of common stock of that company, which management will in turn distribute to all WGL Entertainment Holdings shareholders in the form of a dividend. Shares will be distributed on a pro rata basis; each WEHI shareholder of record as of the close of business on October 1, 2008 will receive approximately one share of ZCMN for every 500 shares of WEHI owned.

Zcom Networks (Zcom) targets early opportunity companies in Telecom, Media, and Technology that have potential to grow rapidly; limiting the risk associated with early stage start-ups. Opportunities may be enhanced through the identification, development and deployment of VOIP, IP and/or new technology paradigm shifts.

WGL Entertainment Holdings, Inc. (WGL) has signed a Broadcast License Agreement with Zcom, giving it non-exclusive broadcast rights to all WGL content, including the WGL Million Dollar Shootout. This content will be broadcast across Zcom's multi-media subsidiaries, including satellite broadcast transmission and across Zcom online content portals via its subsidiaries including Big Media USA (www.bigmediausa.com). Big Media USA offers a wide range of talk, music, and video and T.V. programming through a multimedia, interactive broadcast platform bringing together the Internet, traditional radio and satellite. In addition to the broadcast license agreement, WGL will work closely with Zcom Networks' CEO, Alex Parsinia, Ph.D., who is also a professor at the prestigious Pepperdine University. Dr. Parsinia will assist WGL with future mergers and acquisitions as his expertise is in International Business Affairs.

"This new partnership will bring many synergies to both companies not only in the media environment, but in the pursuit of further mergers and acquisitions. Dr. Parsinia brings a wealth of International business experience to the table and will be a tremendous asset to WGL Entertainment Holdings, Inc. and its shareholders," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc.

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.

About Zcom Networks

Zcom Networks (Zcom) targets early opportunity companies in Telecom, Media, and Technology that have potential to grow rapidly, limiting the risk associated with early stage start-ups. Opportunities may be enhanced through the identification, development and deployment of VOIP, IP and/or new technology paradigm shifts.

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.


Contact:
     For more information contact:
      
     Michael Pagnano
     WGL Entertainment Holdings, Inc.
     1-407-833-7931
      

Source: WGL Entertainment Holdings, Inc.


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