DIGITAL CADDIES, INC. ANNOUNCES APPOINTMENT OF MIKE CARNEY TO THE COMPANY’S BOARD OF DIRECTORS
Digital Caddies, Inc. (OTCPK: CADY), a leader in the on-course delivery of technology services and content to golfers, is pleased to announce the appointment of Mike Carney as an independent director of the firm.
Carney, 38, has 17 years of experience working within executive teams and with CEOs, board directors and professional investors around the globe in transformation initiatives. He is an expert in strategy execution, M&A, functional process design, FP&A and market/economic analysis. Presently, Carney is the co-founder, CFO and SVP of Corporate Development and Commercial Operations for AGC Networks Inc., a global technology solutions integrator. Prior to co-founding AGC’s business in the U.S., Carney’s experience included senior leadership and advisory positions with other leading edge communication technology and network solutions companies including Sagenet and XETA Technologies. Carney also had been a strategy consultant serving clients in the technology, health care and industrial sectors. He was an analyst and investment banker for several U.S. investment banks where he worked with hundreds of companies in multiple sectors, developed a strong institutional investor following and was widely quoted in the financial and business press.
“We are delighted to welcome Mike to our board of directors,” said Mike Loustalot, Digital Caddies’ president. “He brings a wealth of knowledge and experience to our young firm, and we will clearly benefit from his significant experience guiding small companies as they grow. Mike will also provide a new perspective to our board as it relates to our strategy, operations and corporate governance as we continue to focus on delivering value for our clients, advertisers and shareholders.”
“I am very excited to be joining the board and working with the Digital Caddies team,” said Carney. “Digital Caddies has a solid business model and is using technology to connect golf course operators, golfers and advertisers in new and exciting ways. I look forward to helping Digital Caddies monetize its platform and extend its leadership role in the delivery of on-course content to the very lucrative golfer demographic.”
Carney received an MBA from Texas Christian University with an emphasis in investments and business law. He was the first recipient of the Communications Excellence Certification from the M.J. Neeley Center for Productive Communication. He also holds a B.A. in economics and completed the Business Economics Program with a specialization in money and banking from the University of Texas in Austin. Carney is a CFA charter holder and member of the CFA Institute.
About Digital Caddies
Digital Caddies currently has over 10,000 interactive screens installed on more than 142 golf courses in all major markets across the country, with more screens coming online daily. The company’s unique access to players comes via an interactive tablet mounted in golf cars and serving-up features golfers, course operators and advertisers want. Digital Caddies is committed to ongoing innovation that will deliver valuable content to golfers, enhance golf course operations and allow marketers to reach one of the most sought-after and lucrative demographics. Only one company hits golf’s marketing sweet spot—Digital Caddies. Digital Caddies is a publicly traded company (CADY). For more information about Digital Caddies, please visit www.digitalcaddies.net.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this document Release including such forward-looking statements.
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