SCOTTSDALE, Ariz., Jan. 4, 2013 /PRNewswire/ -- Digital Caddies, Inc. (OTCPK: CADY) is pleased to announce they have closed a financing for the company. The funds recently raised will be utilized to complete the development of their new tablet service for golf courses and for general working capital.
Brad Nightingale, Digital Caddies CEO, stated, "We are extremely excited for the New Year as we will be launching our new tablet service, as planned, at the PGA show in Orlando on January 24th. This funding is a key milestone in our ability to achieve our 2013 goals"
About Digital Caddies
Digital Caddies was founded in 2003 and has since established a solid reputation and customer base using a low cost, easy to use, easy to implement GPS service, and is now transitioning to a new business model by providing golf courses a similar technology solution utilizing wireless connectivity and tablet technology that is installed on golf carts at various golf courses throughout North America. The content provided through this new medium is specifically designed to promote interaction between the golfer and the device throughout their round and thus provides an excellent opportunity for the golf course and advertisers to interact directly with golfers in ways that have never been possible before.
For more information about Digital Caddies please go to their website:
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.
Public Relations and Shareholder Information
Contact: Joseph M. Vazquez
Phone: (800) 554-5659
SOURCE Digital Caddies, Inc.