Business
Western Technology Investment Provides Additional Growth Funding for Digital Caddies
Western Technology Investment Provides Additional Growth Funding for Digital Caddies.
About this update from Izon Network Inc
[{"type":"text","content":"\n \n \n Western Technology Investment Provides Additional Growth Funding for Digital Caddies\n \n \nWestern Technology Investment Provides Additional Growth Funding for Digital Caddies\n \n SCOTTSDALE, AZ--(Marketwired - Jun 3, 2014) - Digital Caddies, Inc. (OTC Pink: CADY) (PINKSHEETS: CADY), a leader in the on-course delivery of technology services and content to golfers, is pleased to announce that Western Technology Investment (\"WTI\") has agreed to invest up to $3 million in debt to fund the growth of Digital Caddies.\n WTI, who has invested over $3 billion since its inception, specializes in providing growth capital to fund general business operations for early and late stage technology companies. With an exceptionally stable capital base, WTI is highly responsive, risk tolerant and creative in addressing their customer's unique capital requirements. \n According to Mike Loustalot, president and director of Digital Caddies, \"WTI and their approach to financing will allow our company to accelerate growth with minimal dilution. With a successful investment track record in some of the world's leading technology networks including Google, Facebook, Juniper and Brocade, WTI is a welcome and important new addition to our funding equation.\"\n \"We are impressed with the management team at Digital Caddies, their traction among the world's leading golf companies, and the significant opportunity to bring modern day technology to golfers everywhere,\" said David Wanek, partner at Western Technology Investment.\n Digital Caddies tablets install easily on golf cars 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 golf car tracking and communications. These tools enable course operators to improve the golfer experience, manage pace of play and increase merchandise and concession sales via real-time promotions. Golf courses benefit from reduced operating costs by better tracking golf car inventory, managing driver behavior and forecasting agronomy issues.\n About Digital Caddies\n Digital Caddies was founded in 2003 and established a solid reputation and loyal customer base by providing a low-cost, user-friendly GPS service to golf courses. The company has now transitioned to a new business model, which provides cou...