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Hello Team:
I apologize for the lack of updates lately but guys there has been ALOT going on and I really wanted to give you all as much information as I could as to where things stand in this update.
First of all I think you all know that this is a huge project that we have taken on. With WWP we are not just launching a new independent promotion or something that is going to be on the long list of fly by night wrestling companies that have come and gone. We are planning on being here for the long run and in becoming over the next decade the premiere wrestling company in the world. That obviously does not happen over night nor does it happen without hitting some bumps in the road.
Well we have hit more than our fair share of bumps recently. To be honest there are many forces in the wrestling business doing whatever they can to sabotage everything we are trying to do and doing everything in their power to make sure that this company will never launch. I can promise you though that no matter how many hurdles we have to jump over that there are people here dedicated to doing everything they can to make sure this company WILL launch and we will be a long time player in this industry.
That said guys this is a tough process and those working with us on the financing side realize now that there were mistakes made in setting things up and in order to guarantee that this company will not be one of the countless entities that have come out with a bang and have fizzled and burnt out before ever really leaving the ground we have had to make some painful decisions that we are not at all happy about.
The most serious decision is that we have been told our original time table is not at all feasible. While we were all committed to launching in October we know now that has become an impossible goal.
Our new goal is to start operations in the first part of the new year however we do not as of today have a firm date. That unfortunately means that contracts will have to be changed to a new starting date.
Now I know that none of you will be happy with this decision and I HATE to be the one that has to write this but it is something that the corporate side of this company feels has to be done. Trust me when I say that Pete and I have fought this decision KICKING AND SCREAMING (literally) but unfortunately it comes down to either this move is made or this company does not move forward.
I have been told that there will be addendums to your contracts drawn up by our attorney.
If you decide you do not wish to sign the contract addendums we fully understand. You will still be welcome to come back to work for us in the future once we are up and running in the early part of the new year. For those of you that sign the contract addendums you will be receiving extra shares of company stock and the addendums will also spell out our full health and benefits plan that will be made available to you.
I want to thank Mister St. Laurent and Kevin Kleinrock for doing a great job of signing everyone they were asked to and want everyone to know that they had nothing to do with this decision made and feel just as terrible about this as Pete and I.
I want you all to know that we are 100% committed to you being the first roster of WWP and if you stick by us through these growing pains we will make sure you have the ride of your lives as part of our company.
On the positive side of things we did sign a major deal this week that I am going to be able to give you the details on very soon along with hopefully the news of an even bigger deal that will put us in a very advantageous position to launch our product. I should be able to give you all details in the next couple of weeks.
Thanks,
R. Sean Pascoe
Vice President
Worldwide Wrestling Promotions, INC.
[phone number deleted]
Interesting to note that I am told there are currently 50-65 wrestlers who have signed deals.
Currently there are no trademarks or copyrights on WWP or Worldwide Wrestling Promotions, although the company has been filed as a LLC in the state of Florida:
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