Gail Chiasson, North American Editor
Digital Caddies Inc., Scottsdale, Arizona-based provider of on-course delivery of technology services and content to golfers, has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed direct public offering of its common stock and a proposed offering for resale of existing shares of its common stock held by their current shareholders.
In connection with this offering, Digital Caddies intends to apply for listing on the Over-The-Counter Bulletin Board (OTCBB) through the Financial Industry Regulatory Authority (FINRA).
The registration statement relating to these securities has only been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
The company notes that this announcement, via a press release, shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Digital Caddies currently has over 10,000 interactive screens installed on more than 142 golf courses in all major markets across the country, with more screens coming online daily. The company’s 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 carts 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’ management 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.
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