Operating on 150 golf courses across the country
August 26, 2014
Digital Caddies, Inc. (OTCPK:CADY), a leader in the on-course delivery of technology services and content to golfers, is pleased to provide an update on the growth of their interactive tablet network.
Currently Digital Caddies has over 11,000 interactive screens installed on more than 150 courses, in the top 20 DMAs across the country, with new screens coming online daily. These screens are currently in front of over 350,000 golfers each month and are projected to generate over 350 million ad requests in August alone. The network has reached many important milestones over the last several months and most importantly is now generating revenue every day through our programmatic ad partners. In addition, with some of the initial critical mass goals attained, the company believes they will soon be able to secure incremental revenue through direct advertising sales and sponsorships.
“It’s very exciting to see our platform and complex infrastructure working, growing and being accepted by course operators, golfers and advertisers alike,” said Mike Loustalot, president of Digital Caddies. “This early success validates our business model and demonstrates that we are creating an engagement platform that is scalable and projected to be sustainable. With contracts currently in place with many new courses and more in the pipeline, we expect to be able to continue to aggressively grow our network through 2015 and beyond.”
About Digital Caddies
Digital Caddies’ unique access to players comes 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’ touchscreen 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 cars and connect wirelessly 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.
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 visitwww.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.
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