Greens Worldwide Incorporated Executes Definitive Agreement to Acquire Crowley & Company Advertising
Greens Worldwide Incorporated (OTC BB: GRWW) announced today that it has executed a definitive agreement to acquire Crowley & Company Advertising, Inc. of Hernando, FL.
Hertford, NC, March 08, 2006 --(PR.com)-- Greens Worldwide Incorporated (OTC BB: GRWW) announced today that it has executed a definitive agreement to acquire Crowley & Company Advertising, Inc. of Hernando, FL (www.crowleyadvertising.com). The closing of the transaction is subject to the delivery of all documentation by both parties to effect the closing.
“The acquisition of Crowley & Company Advertising, Inc. is in line with our business strategy of us becoming a vertically integrated company, and when the acquisition is closed, should provide the company with added in-house capability to execute our core businesses,” said Tom Kidd, Chief Executive Officer of Greens Worldwide Incorporated. “We look forward to working with Bob and his staff in the future.”
Robert Crowley, President of Crowley & Company Advertising added, “Crowley & Company has been involved in sports marketing, event coordination and media support for nearly two decades. “ We are confident that our affiliation with Greens Worldwide will provide our clients with more complete and comprehensive marketing and promotion packages as well as timely media support.”
About Greens Worldwide Incorporated
Greens Worldwide Incorporated is a vertically integrated sports marketing company engaged in golf events and with companies involved in managing those events and is publicly traded under the stock symbol GRWW. In our continuing effort to develop a more cohesive and synergistic organization, we are structured in a way that allows all of our entities to utilize each other’s resources to the greatest extent possible. In addition, the Company’s strategic plan is to be able to deliver substantial value by providing multiple sports platforms and media to leverage our partners advertising and promotional dollars, while delivering the finest entertainment opportunities to retain and build customers. For our non-sports businesses, we will utilize the media and promotional benefits of our media platforms in Television, Radio, and Print, together with Internet Television and other like strategic relationships, to grow our consolidated revenues. The Company intends to acquire profitable sports organizations and sports related firms, together with other businesses that would benefit from the synergy the Company provides.
About Crowley & Company Advertising
Crowley & Company Advertising, Inc. is a full-service advertising, promotion and public relations agency located in Citrus County, Florida, north of the Tampa Bay area. Their capabilities include traditional retail, industrial, and professional services advertising, sales promotion, radio and television production, public relations, newspaper and magazine ads, direct mail, catalogs, brochures, corporate newsletters, trade and consumer show production, P.O.P. displays, and website design and management. Crowley & Company Advertising, Inc. also produces corporate videos and T.V. commercials. Additionally, the agency specializes in logo design, package design, and produces a myriad of other pieces of marketing literature. Crowley & Company is also a member of A.S.I. (Advertising Specialty Institute) which allows them the privilege of dealing directly with manufacturers of specialty items to provide their clients with popular merchandise such as golf shirts, pens, watches, key tags, coffee mugs, and other promotional items, all displaying a company's logo. The agency also designs and produces Citrus County Life Magazine, a major lifestyle publication in west central Florida. For more information, visit their website at www.crowleyadvertising.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
Chief Executive Officer
252.264.2064
###
“The acquisition of Crowley & Company Advertising, Inc. is in line with our business strategy of us becoming a vertically integrated company, and when the acquisition is closed, should provide the company with added in-house capability to execute our core businesses,” said Tom Kidd, Chief Executive Officer of Greens Worldwide Incorporated. “We look forward to working with Bob and his staff in the future.”
Robert Crowley, President of Crowley & Company Advertising added, “Crowley & Company has been involved in sports marketing, event coordination and media support for nearly two decades. “ We are confident that our affiliation with Greens Worldwide will provide our clients with more complete and comprehensive marketing and promotion packages as well as timely media support.”
About Greens Worldwide Incorporated
Greens Worldwide Incorporated is a vertically integrated sports marketing company engaged in golf events and with companies involved in managing those events and is publicly traded under the stock symbol GRWW. In our continuing effort to develop a more cohesive and synergistic organization, we are structured in a way that allows all of our entities to utilize each other’s resources to the greatest extent possible. In addition, the Company’s strategic plan is to be able to deliver substantial value by providing multiple sports platforms and media to leverage our partners advertising and promotional dollars, while delivering the finest entertainment opportunities to retain and build customers. For our non-sports businesses, we will utilize the media and promotional benefits of our media platforms in Television, Radio, and Print, together with Internet Television and other like strategic relationships, to grow our consolidated revenues. The Company intends to acquire profitable sports organizations and sports related firms, together with other businesses that would benefit from the synergy the Company provides.
About Crowley & Company Advertising
Crowley & Company Advertising, Inc. is a full-service advertising, promotion and public relations agency located in Citrus County, Florida, north of the Tampa Bay area. Their capabilities include traditional retail, industrial, and professional services advertising, sales promotion, radio and television production, public relations, newspaper and magazine ads, direct mail, catalogs, brochures, corporate newsletters, trade and consumer show production, P.O.P. displays, and website design and management. Crowley & Company Advertising, Inc. also produces corporate videos and T.V. commercials. Additionally, the agency specializes in logo design, package design, and produces a myriad of other pieces of marketing literature. Crowley & Company is also a member of A.S.I. (Advertising Specialty Institute) which allows them the privilege of dealing directly with manufacturers of specialty items to provide their clients with popular merchandise such as golf shirts, pens, watches, key tags, coffee mugs, and other promotional items, all displaying a company's logo. The agency also designs and produces Citrus County Life Magazine, a major lifestyle publication in west central Florida. For more information, visit their website at www.crowleyadvertising.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
Chief Executive Officer
252.264.2064
###
Contact
Greens Worldwide Incorporated
Vera L. Harrell
252-264-2064
www.usprogolftour.com
Vera L. Harrell
252-264-2064
www.usprogolftour.com
Contact
Categories