Digital Caddies is pleased to announce that Mr. Allan Kaplan , Managing Partner and founder of KG Investments, has invested in Digital Caddies, Inc. (OTCPK: CADY) and been named to the Advisory Board. Mr. Kaplan has extensive experience building and investing in companies focused on next-generation data communications, Internet infrastructure, services, and software. He has a proven track record in business development, institutional funding, and mergers and acquisitions.
"The massive growth currently taking place in mobile ad industry and the unique nature of the Digital Caddies Players Network, is what attracted me to this company," said Allan Kaplan . "The confluence of mobile advertising, location based networks and the golfer demographic present an excellent opportunity."
"Allan is highly respected in the venture capital community and has a proven track record with investments in many early stage public and private companies, including Facebook, LinkedIn, Unicorn Media and Zynga," said Digital Caddies CEO Brad Nightingale . "He is an expert in identifying new trends in social media and has unparalleled experience/reach into the online advertising business. We're excited to have him as an investor and as a member of our advisory board."
In addition to his role as Managing Partner of KG Investments, LLC, Kaplan also sits on the boards of synergistic companies including Unicorn Media, and IQzone. Prior to KG Investments, Mr. Kaplan was:
- a Co-founder and Chairman of NASDAQ listed company, Limelight Networks, Inc an Internet platform and services company venture backed by Goldman Sachs and Oak Venture Partners, which integrates the most business-critical parts of the online content value chain serving over 1800 customers worldwide with revenues in excess of $200M per year.
- a founder of Entera, Inc, an Internet Infrastructure company. Entera was a venture backed by ComVentures, Crescendo Ventures, and Spectrum Technology. Entera was sold to Cacheflow, Inc. in for $440 million dollars.
- co-founder of Primenet Services for the Internet, Inc., which later merged with and changed its name to GlobalCenter, Inc, whose investors included Sequoia Capital, Hummer Winblad, and Softbank Capital. GlobalCenter was purchased by Frontier Communications for $185 million
In April,2013 Digital Caddies launched The Player's Network tablet-based technology that installs on golf cars, connects to the web through a high-speed wireless network and improves golfers' experiences at participating golf courses by providing, instant and accurate yardages and other real time content that is specifically designed to promote interaction between the golfer and the device throughout their round. This provides an excellent opportunity for golf course operators and advertisers to interact directly with golfers in ways that have never been possible before and the recent venture announced with Sprint Communications will help ensure the rapid development of the Players Network.
"Some of my most recent investment successes have had very similar business models in that they provide content on the web or mobile device in order to get people's attention providing the opportunity to generate revenue through advertising," said Allan Kaplan. "This opportunity is significant because not only does The Players Network attract people's attention, it attracts the attention of a very affluent demographic for up to 4 hours at a time."
About Digital CaddiesDigital 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. The company is now transitioning to a new business model by providing golf courses a wirelessly connected tablet-based platform that is installed on golf cars. For more information about Digital Caddies please visit: www.digitalcaddies.net
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.
SOURCE Digital Caddies