Digital Caddies Inc. (OTC Pink: CADY), a leading digital media company building a nationwide, proprietary, tablet-based, interactive network on golf courses called The Players Network, announced today that performance of the network is significantly exceeding initial expectations.
"With an inventory run rate of over 100 million digital ad impressions per month, we are very excited to report that The Players Network is performing beyond our initial expectations," said Mike Loustalot, President of Digital Caddies. "This amount of inventory has put us in a strong position to be able to secure formal partnerships with third-party ad networks and other ad serving partners to expedite the monetization of our network."
By installing multi-functional, Internet-connected, high-resolution tablets in golf carts on golf courses across North America, Digital Caddies is building a proprietary, nationwide, interactive network -- The Player's Network. The network most notably offers national and local advertisers the ability to not only reach, but also to intimately engage with one of the most attractive and sought after demographic segments -- the golfer.
Once a golf course is equipped with The Player's Network, golfers are treated to a host of useful and engaging applications and services including GPS-based course navigation, touch screen interaction and on-course messaging. The platform can also provide the ability for golfers to notify the beverage cart of their location to receive more prompt service, keep score, set up real-time leader boards, access news, weather, sports, and other online content.
The Player's Network tablets easily install on golf carts and wirelessly connect to the Web through Sprint's nationwide 3G network, providing the golf course a broad portfolio of real-time course management tools via GPS-based cart tracking and communications. These tools enable course operators to improve the golfers' experience and manage pace of play, increase merchandise and concession sales via real-time on-tablet promotions, and access additional revenue streams.
"The inventory of ad impressions is more than twice our initial expectation, and exceeding the 100 million monthly impression mark is a major milestone for our company," said Brad Nightingale, CEO of Digital Caddies. "This is the evidence that all advertisers want to see, to validate The Players Network as a legitimate channel for their advertising dollar."
About Digital Caddies Inc.
Digital Caddies was founded in 2003 and established a solid reputation and customer base using a low-cost, easy-to-use and-implement GPS service for golf courses. The company has transitioned to a new business model by providing golf courses with a tablet-based navigation and content platform that is wirelessly connected to the Internet and installed on golf carts. With the Digital Caddies platform, The Players Network, course operators have the opportunity to increase revenue by promoting merchandise, food and beverage specials, or whatever they'd like through the system. Digital Caddies also can help golf course operators lower operating costs by helping them track golf cart inventory, manage driver behavior, and assist in forecasting agronomy issues. For more information about Digital Caddies please visit: www.digitalcaddies.net.
Forward-Looking Statements
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 that 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.
Investor/Media Contact:
Mike Kordysz
480.626.2423
mkordysz@digitalcaddies.net
Jeff Elliott
972.423.7070
jelliott@threepa.com
SOURCE: Digital Caddies
Associated Documentation:
Link to submission on http://www.eteligis.com
CADY_3-4-2014_LST_ETL.docx
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