US Pro Golf Tour Closes Its Merger With Greens Worldwide Incorporated To Create A Publicly Traded Sport Marketing and Management Company
Greens Worldwide Incorporated announced today that it has acquired the US Pro Golf Tour, Inc. and will create a complete professional sports marketing and management company.
Hertford, NC, (PRWEB) July 16, 2005 -- Greens Worldwide Incorporated
announced today that it has acquired the US Pro Golf Tour, Inc. and will create
a complete professional sports marketing and management company.
The US
Pro Golf Tour is a complete professional tour with events to be televised on The
Golf Channel. Additionally, the US Pro Golf Tour provides a venue for both
professionals and amateurs to prepare for the PGA Tour and the Champions Tour
and provides an opportunity for golfers with handicaps to compete "inside the
ropes" of a major golf event.
The US Pro Golf Tour welcomes players of
all skill levels and ages to compete in 54 hole tour events with all of the
atmosphere of the big tours including electronic leader boards, corporate
hospitality, wireless scoring, gallery, media and television coverage, Pro-Am,
Celebrity participations, and more. There are two divisions of play:
Pro-Championship, who are players who play at scratch; and Pro-Net, who are
players who play with a handicap. More information on the Tour can be found at
www.usprogolftour.com The Tour’s program on The Golf Channel
is titled 54 Holes to Sunday, which chronicles the experiences of golfers of all
skill levels competing in events with the atmosphere of the major
tours.
"We are very proud of the result of the merger to create a truly
unique corporation that will bring professional golf back to the fans in ways
never done before. Golf is one of America’s fastest growing sports, and we
believe the trend will continue for many years to come," said Tom Kidd,
Commissioner of the US Pro Golf Tour. "In addition, the Tour will be able to
deliver significant value to our partners by bundling sponsorships across the
media platforms and venues that the Tour enjoys now and in the
future."
The US Pro Golf Tour also owns and operates the US Pro Golf
League, which is operated at the local level, providing club golfers with the
opportunity to compete for prize money and to qualify for a regional and
national championship. The League is also developing a Team Series, where
players will qualify to play for a specific city franchise utilizing a Ryder Cup
type format, culminating in a National Team Championship. More information is
available at www.uspgl.com. The League will be established in a separate
operating subsidiary prior to January 1, 2006.
About US Pro Golf Tour,
Inc.
The US Pro Golf Tour is the country's premier intermediary professional
golf tour conducting tour caliber events for former PGA Tour professionals
preparing for the Champions Tour, non-exempt professionals on the Champions
Tour, and celebrity challengers and professionals 18 years old and up preparing
for the big tour. Beginning in 2005, the US Pro Golf Tour will conduct a Pro Net
competition for players of all skill levels 18 years of age and older who will
compete for substantial prize money with their handicaps in the Tour event
atmosphere of Tour events. US Pro Golf Tour tournaments are week-long events
with Junior Clinics, pro-ams, entertainment, leader boards and hospitality, with
local market charities benefiting from the event. All 2005 events will be
televised on The Golf Channel through the Tour’s show, 54 Holes to Sunday. The
US Pro Golf Tour has all the amenities of the PGA Tour, including electronic
leader boards, official scoreboard, real-time scoring, hospitality center,
gallery and national television coverage on The Golf Channel. Golfers who wish
to compete in US Pro Golf Tour events must first complete a membership form for
member status in either the Pro Net or Pro Championship Division by visiting the
tour’s web site, www.usprogolftour.com.
Important Information About
Forward-Looking Statements
All statements in this news release that are other
than statements of historical facts are forward-looking statements, which
contain our current expectations about our future results. Forward-looking
statements involve numerous risks and uncertainties. We have attempted to
identify any forward-looking statements by using words such as "anticipates",
"believes", "could", "expects", "intends", "may", "should" and other similar
expressions. Although we believe that the expectations reflected in all of our
forward-looking statements are reasonable, we can give no assurance that such
expectations will prove to be correct.
A number of factors may affect
our future results and may cause those results to differ materially from those
indicated in any forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for significant capital
to finance internal growth as well as strategic acquisitions; our ability to
attract and retain key employees and strategic partners; our ability to achieve
and maintain profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact
Tom
Kidd
Commissioner
US Pro Golf Tour
Tel. (757) 572-9241
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Source : http://www.prweb.com/releases/2005/7/prweb261942.htm