US Pro Golf Tour Closes Its Merger With Greens Worldwide Incorporated
Greens Worldwide Incorporated (OTC BB: GRWW.OB) 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, July 14, 2005 --(PR.com)-- Greens Worldwide Incorporated (OTC BB: GRWW.OB) 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
tourcommissioner@yahoo.com
###
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
tourcommissioner@yahoo.com
###
Contact
Greens Worldwide Incorporated
Vera L. Harrell
252-264-2064
www.usprogolftour.com
Vera L. Harrell
252-264-2064
www.usprogolftour.com
Contact
Categories