SCOTTSDALE, AZ--(Marketwired - June 21, 2016) - Digital Caddies, Inc. (OTC PINK: CADY), one of the first cloud based, open architecture, GPS and content delivery systems for golf courses, is pleased to provide an update for their shareholders. Over the last twelve months, management has been able to accomplish the following:
- Finalized agreements with major creditors
- Structured new partnership with Sprint Communications that includes Sprint acquiring 19% ownership in Digital Caddies
- Optimized software to be data efficient resulting in significant reduction in costs
- Implemented a leading edge, cloud based ad serving platform
- Initiated a successful advertising sales beta program that produced positive results
- Initiated efforts with Sprint to grow the network quickly
- Currently selling ads for ~1000 screens at 10 golf courses with many more in the pipeline.
- Negotiating potential strategic partnerships with independent sales organizations and advertising agencies
"Over the last year, we have accomplished many tasks that now properly positions the company to be able to grow," said Brad Nightingale, CEO. "Now that we have proven that local ad sales can easily generate a profit for every course we install, the time is now for execution and with thousands of tablets and related equipment already on hand, the path to profits is clearer than it has ever been for our company."
"In addition, as we have always known, many advertising agencies have a keen interest the valuable audience we can provide and they have continued to contact us (unsolicited) over several months. These agencies all have the same thing in common, very large advertising customers that seek to spend their ad budgets on our coveted market demographic, the 'golfer'. The only thing they require is that our network gets back on the path towards 100 courses that we have proven in the past is achievable. Some of the agencies have already proposed strategic partnerships and guaranteed revenue streams to earn the rights to our advertising inventory. Seeing this kind of interest from very advertising professionals, just re-affirms we are building a very valuable network."
About Digital Caddies
Digital Caddies provides unique access to golfers via an interactive tablet mounted in golf cars, serving up features golfers, course operators and advertisers want. Once a golf course is equipped with Digital Caddies' touch-screen tablets, golfers enjoy a variety of useful applications and services, including GPS-based course navigation and aerial fairway and green views with accurate yardages to landmarks. Digital Caddies' tablets install easily on golf carts and connect wirelessly to the Web through Sprint's nationwide wireless network, providing the golf course a broad portfolio of real-time course management tools via GPS-based cart tracking and communications.
Digital Caddies is committed to ongoing innovation that will deliver valuable content to golfers, enhance golf course operations and allow marketers to reach one of the most sought-after and lucrative demographics. For more information about Digital Caddies, please visit www.digitalcaddies.net
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Digital Caddies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Digital Caddies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Digital Caddies, Inc.'s filings with the Securities and Exchange Commission.