Greens Worldwide Incorporated Executes Definitive Agreement to Acquire New England Pro Tour, LLC/Cleveland Golf Tour
HERTFORD, N.C., March 13 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated (OTC Bulletin Board: GRWW message board, news, quote, dd) announced today that it has executed a Definitive Agreement to acquire New England Pro Tour, LLC doing business as Cleveland Golf Tour (CGT), in a share exchange agreement whereby New England Pro Tour, LLC will become a wholly owned subsidiary of Greens Worldwide. (www.clevelandgolftour.com). The closing of the agreement is subject to the delivery of documents necessary to effect the closing which is scheduled for March 15, 2006, but the closing date may be extended until March 30, 2006 at the option of Greens Worldwide.
New England Pro Tour, LLC has operated the New England Pro Golf Tour for 5 years, and most recently under the brand title Cleveland Golf Tour, with Cleveland Golf as the title sponsor. The tournaments conducted by CGT have been conducted in the New England area. In 2006, The Cleveland Golf Tour is scheduled to pay out $1.3 million in purses to aspiring golf professionals.
'The acquisition of CGT will provide the company with its own developmental tour for our flagship tour, The US Pro Golf Tour. The successful model of the CGT operation will be expanded to other regions with the development of more regional developmental tours, which will provide more opportunities for competition for aspiring professionals and which will serve as part of the qualifying process to gain exemption on the US Pro Golf Tour for 2007 and beyond,' said Tom Kidd, Chief Executive Officer of Greens Worldwide Incorporated. 'I am also very pleased that Brian Hebb has agreed to continue his management and development of the Tour as President. Mr. Hebb has previously served as President of Cleveland Golf Tour for many years and understands the business model and how it may be expanded to other regions of the country.'
Brian Hebb added, 'This is a major step in the ultimate expansion of the Cleveland Golf Tour. With the help of Tom Kidd and Greens Worldwide, the CGT will be able to offer players, sponsors and spectators a total Professional Golf event that developmental golf has not yet seen. The Cleveland Golf Tour will be a major force in Professional Golf.'
Greens Worldwide Incorporated Executes Memorandum Of Agreement To Acquire Las Vegas Golf Schools
Greens Worldwide today announced it has executed a Memorandum of Agreement to acquire Las Vegas Golf Schools operating model, facilities agreements, management and staff and to contribute the assets into a new wholly owned subsidiary.
HERTFORD, N.C. (EWORLDWIRE) Mar 10, 2006
Greens Worldwide (OTCBB:GRWW) today announced it has executed a Memorandum of Agreement to acquire Las Vegas Golf Schools operating model, facilities agreements, management and staff and to contribute the assets into a new wholly owned subsidiary (www.gotogolfschool.com ). Effective May 1, 2006, the golf schools will be operated from the facilities at Las Vegas National Golf Club and Painted Desert Golf Club and the Las Vegas Golf Schools will initiate mobile training centers at each US Pro Golf Tour Event.
"The launch of the mobile training facilities, when fully implemented, will provide on site training and instructor assistance for the professionals of the US Pro Golf Tour, and may generate additional revenue opportunities when we open the schools to the public in the communities where the Tour conducts its events," said Tom Kidd, CEO of GRWW. "When implemented, this will be the first time to my knowledge, that a golf school will travel to the location of the golfer who is seeking first class instruction and improvement in their game. We also plan to bundle golf school instruction and programs into our sponsorships, further adding value to our corporate sponsorship partners. I am also very pleased that Scott Schneider has agreed to join our management team as President of Las Vegas Golf Schools. Scott has previously served as president of the Ken Venturi Golf Academy and understands the business model."
Schneider added, "I am delighted to be joining the Greens Worldwide team. Their passion for golf and their vision for the future provide a superior platform to continue the tradition of excellence we will create with our schools. I look forward to helping all levels of players in the pursuit of better golf games."
Greens Worldwide Incorporated Executes Memorandum of Agreement to Acquire Las Vegas Golf Schools
Mobile Golf Schools to be Implemented at US Pro Golf Tour Events
HERTFORD, N.C., March 9 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated (OTC Bulletin Board: GRWW) announced today that it has executed a Memorandum of Agreement to acquire Las Vegas Golf Schools (LVGS) operating model, facilities agreements, management and staff and to contribute the assets into a new wholly owned subsidiary. (www.gotogolfschool.com). Effective May 1, 2006, the golf schools will be operated from the facilities at Las Vegas National Golf Club and Painted Desert Golf Club and the Las Vegas Golf Schools will initiate mobile training centers at each US Pro Golf Tour Event.
'The launch of the mobile training facilities, when fully implemented, will provide on site training and instructor assistance for the professionals of the US Pro Golf Tour, and may generate additional revenue opportunities when we open the schools to the public in the communities where the Tour conducts its events. When implemented, this will be the first time to my knowledge, that a golf school will travel to the location of the golfer who is seeking first class instruction and improvement in their game. We also plan to bundle golf school instruction and programs into our sponsorships, further adding value to our corporate sponsorship partners,' said Tom Kidd, Chief Executive Officer of Greens Worldwide Incorporated. 'I am also very pleased that Scott Schneider has agreed to join our management team as President of Las Vegas Golf Schools. Scott has previously served as President of the Ken Venturi Golf Academy for many years and understands the business model.'
Scott Schneider added, 'I am delighted to be joining the Greens Worldwide team. Their passion for golf and their vision for the future provide a superior platform to continue the tradition of excellence we will create with our schools. I look forward to helping all levels of players in the pursuit of better golf games.'
Greens Worldwide Incorporated Executes Definitive Agreement to Acquire Crowley & Company Advertising
HERTFORD, N.C., March 7 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated (OTC Bulletin Board: 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.'
Greens Worldwide Announces Trump Million Dollar Invitational Becomes Co-Sanctioned Tour Event
Greens Worldwide Incorporated (OTCBB:GRWW) announced today that it has entered into an agreement with the officials of the Trump Million Dollar Invitational presented by TaylorMade (www.trumpmilliondollar.com) for the event to become a co-sanctioned event on the 2006 U.S. Pro Golf Tour. The top ten Tour Card members on the U.S. Pro Golf Tour money list after the first two events on the 2006 Tour will be exempt from qualifying and will be fully sponsored into the event. The Tour also reserved up to an additional ten playing positions for its tour card members. Details of the agreement will be provided to USPGT professionals, along with the rules of the competition prior to the first event of the 2006 Tour. As a result of the co-sanctioned status of the event, GRWW has committed to sponsor its qualifying players into the event with all expenses paid. The winner of this event could take home a $1,000,000 first prize.
The Trump Million Dollar Invitational presented by TaylorMade will be conducted May 21-26, 2006 at the Trump International Golf Club at Raffles Resort on Canouan Island in the Grenadines, with a potential purse of $1.5 million. The event will be telecast on ESPN and distributed worldwide. For more information on the event, visit www.trumpmilliondollar.com.
"I am thrilled that the top ten players on the U.S. Pro Golf Tour money list after our first two events this year will get the chance of a lifetime to compete for the largest purse and first place prize of their careers, and we appreciate the courtesy that the Trump Organization and Innovative Media Solutions has extended to the U.S. Pro Golf Tour," stated R. Thomas Kidd, Chief Executive Officer, Greens Worldwide.
The Trump Million Dollar Invitational presented by TaylorMade is a production of Manhattan Beach, CA-based Innovative Media Solutions (IMS), LLC and Winnercomm, Inc., America's largest independent sports production company. Andy Batkin, CEO of IMS, noted, "We are delighted to partner with the U.S. Pro Golf Tour in offering entry into this exceptional event to their top players. Anyone competing in this event is in for a thrilling golf experience on one of the world's great golf courses in the paradise that is Canouan Island."
The event is a three-day, 54-hole stroke play competition without the benefit of handicap. The players with the ten lowest scores will advance to the Grand Prize Matches on May 26, 2006. Ties in the 54-hole tournament will be broken by a playoff at the Trump International Golf Club and will continue until there are ten players left that will move on to the Grand Prize Match.
The ten Grand Prize Match finalists will compete in a nine-hole playoff where one player will be eliminated on each hole until there are only two players left, who will then play the final hole for the Grand Prize. Ties on each hole will be broken by participation in a skills competition by all players who are tied for the highest score on each hole until one player is eliminated. Skills shall be putting, chipping, sand shots and driving accuracy and will be chosen at the discretion of the tournament director and fully disclosed prior to the commencement of the Grand Prize Matches.
About Trump International Golf Club at Raffles Resort Canouan Island
Named "Best of the Best" in 2005 by Robb Report, the Trump International Golf Club at Raffles Resort is one of the Caribbean's few world-class golf courses. Designed by the legendary Jim Fazio, the 18-hole, par 72 course demands accuracy and finesse. The course covers 140 acres along the sea front, flat coastal plain and carved hillsides above the bay and resort.
Raffles Resort Canouan Island is located on Canouan Island in the heart of the Grenadines in the southeastern Caribbean. Opened in November 2004, the resort is part of a 1,200-acre private estate featuring secluded white sand beaches and surrounded by one of the world's largest coral reefs. The resort was designed by renowned Italian architect Luigi Vietti and is owned by Canouan Resorts Development (CRD). Its signature RafflesAmrita Spa was named 2005 "Best of the Best Spa" by Robb Report, the international authority on the luxury lifestyle.
About Innovative Media Solutions and Winnercomm
The Trump Million Dollar Invitational presented by TaylorMade is a production of Manhattan Beach, CA-based Innovative Media Solutions, LLC and Winnercomm, Inc., America's largest independent sports production company.
Innovative Media Solutions, LLC (IMS), based in Manhattan Beach, CA, develops unique, compelling and custom designed integrated media programs for major corporations to reach specific and very targeted demographics. IMS creates dynamic value-added events that effectively blend the use of TV, print, radio, online, database development, event marketing and hospitality. The unique synergy of IMS strategic resources empowers sponsors and advertisers to maximize their investments by transcending common advertising clutter and delivering focused product or service messages to the right audience at the right time.
Winnercomm, Inc. is America's largest independent sports production, program development, marketing services and sales representation company with offices in Tulsa, Dallas, New York, Chicago and Nashville. Winnercomm-produced telecasts have won 12 Emmy Awards. The company produces over 1,000 hours of programming annually for ESPN and 13 other networks and owns the high-flying Skycam that has produced the unique overhead shots on ABC's Monday Night Football and ESPN's Sunday Night Football. Winnercomm programming includes horse racing (NTRA), professional rodeo (PRCA Wrangler National Finals Rodeo, Wrangler ProRodeo Winter and Summer Tours, Pace Picante Finales, Xtreme Bulls), soccer (MLS, U.S. Soccer), bowling (PBA), lacrosse (MLL), softball (ASA/USA World Cup of Softball), cheerleading and dance (Varsity Brands), golf (LPGA, Michael Jordan Celebrity Invitational, People vs. the Pros, Trump Million Dollar Invitational), fishing (BASS), snowmobile and ATV racing (PowerSports Entertainment), hunting, sporting dogs, adventure and original entertainment.
Greens Worldwide Incorporated: Olympic Gold Medalist Ed Moses To Compete On 2006 Tour
US Pro Golf Tour, Inc. has received an application from Ed Moses, a Gold and Silver Medalist at the 2000 Olympics and has been granted a full exemption for the 2006 Tour. Ed will play as a Pro-Championship player in 2006 tour events.
HERTFORD, N.C. (EWORLDWIRE) Feb 28, 2006
Greens Worldwide Incorporated (OTCBB: GRWW) today announced that its wholly owned subsidiary, US Pro Golf Tour, Inc. has received an application from Ed Moses, a Gold and Silver Medalist at the 2000 Olympics and has been granted a full exemption for the 2006 Tour. Moses will play as a Pro-Championship player in 2006 tour events.
Moses won Gold in the 400m Medley Relay and Silver in the 100m breast at the 2000 Olympics, helping the United States to a world record. He is the former world record holder in the 100m breaststroke. In 2002, Moses broke three short course world records over two days, the first American to do so. He owns 11 US National titles and had 13 world records in five years. Moses was the first man to break one minute in the breaststroke relay split as part of the world record-breaking 400m medley relay at the 2000 Olympics. Moses has always had the dream of pursuing a career as a professional golfer, and the Tour welcomes Moses as a competitor on the 2006 Tour.
The Tour has granted 160 professionals full tour card exempt status for the 2006 Tour.
“I decided to play the US Pro Golf Tour to help launch my career with the large tours, using the US Pro Golf Tour as a trampoline while I work towards achieving my goals," said Moses. "The large purses and big lights are a good parallel as I work towards the big tours."
“We are privileged to have an athlete with the credentials Ed Moses brings to the US Pro Golf Tour joining us as a Celebrity," said Robert A. Marshburn, senior vice president of the US Pro Golf Tour. "Having played golf in high school and choosing to play golf again since his retirement from competitive swimming in April 2005, for the first time since a successful high school golfing career, we are fortunate to have Ed compete on the US Pro Golf Tour as his springboard to hopefully achieve his aspirations of playing at a higher level on the big tours."
Greens Worldwide Tour Card Applications Ahead Of Schedule
Greens Worldwide Inc. (OTCBB:GRWW) today announced that its wholly owned subsidiary, US Pro Golf Tour, Inc. has granted 142 fully exempt Tour Cards to professionals from all over the world in connection with the upcoming start of the Tour schedule in early May. For a list of 2006 card holders, please visit www.usprogolftour.com. In addition, inquiries from professionals continue to come into the Tour Office on a steady basis and the Tour anticipates being full prior to the deadline to file applications for 2006 exempt status, which is March 31, 2006.
The US Pro Golf Tour is a tour card holder only Tour. Only professionals who file an application and receive a tour card will have playing status in 2006. The top 30 money winners in 2006 will be exempt from qualifying for the 2007 Tour, when the Tour anticipates conducting its first qualifying school.
About The US Pro Golf Tour
The US Pro Golf Tour is the country's premier intermediary professional golf tour. Its tour-caliber events feature former PGA golfers, players preparing for the Champions Tour, non-exempt professionals on the Champions Tour, celebrity challengers and professionals 18 and older gearing-up for the PGA Tour. The US Pro Golf Tour conducts a Pro-Net competition for players with handicaps of all skill levels, 18 years and older, competing for substantial prize money in a tour-event atmosphere. All tournaments are weeklong events, and feature junior clinics, pro am events, media coverage, entertainment, electronic leader boards and hospitality, with local market charities benefiting from the events. The US Pro Golf Tour is televised on The Golf Channel, featured in the program "54 Holes to Sunday."
For more information on the GRWW and its wholly owned subsidiary, US Pro Golf Tour, Inc., call 252-264-2064, or visit www.usprogolftour.com.
Greens Worldwide Incorporated
R. Thomas Kidd, 252-264-2064
Fax: 252-264-2068
