Good Morning Everyone, and Welcome to our new subscribers,
After our last winner we decided to go out and find yet another rock solid potential trade.
We've found it and currently a reversal for CADY is in full swing!
CADY - Digital Caddies Inc.
Last Price: 0.1979
Website: http://www.digitalcaddies.net/
CADY (Digital Caddies Inc.) provides golf courses technology solutions utilizing wireless connectivity and tablet technology installed on golf carts at golf courses that opens up a social media connection between the golfer and the golf course.
CADY manufactures and markets golf course mapping systems. Its system enables real-time imaging of distance, hazards, and greens.
CADY believes that the content provided to the golfer through the tablet is specifically designed to promote interaction with the device while they play golf and thus provides an excellent opportunity for the golf course and advertisers to interact directly with golfers in ways that have not been possible before.
CADY was incorporated in 1999 and is based in Vancouver, Canada.
CADY has made some major strides within their business recently just look at some of their most recent news releases:
Digital Caddies, Inc. Closes Initial Round on a $5 Million Private Equity Offering
CADY is pleased to announce that it has completed the initial round offunding on a $5M capital raise being completed by Paulson Investments -- a boutique investment bank specializing in the small and mid-cap markets. The offering is priced at $1.00 per Unit and consists of (i) 4 common shares of stock; and (ii) 2 common stock purchase warrants. Each warrant is exercisable for one common share (cash exercise only) at $0.40 per share with a 5 year term. The closing included funds that exceeded the minimum closing amount of $500,000.
"This funding will allow us to accelerate our installation schedule to meet the high demand for The Players Network throughout the country," said Mike Loustalot, President of Digital Caddies. "We are very excited to be working with a great partner like Paulson Investments."
Digital Caddies, Sprint and Samsung to Provide Innovative Technology Solution for Golf Courses "CADY, a golf technology pioneer based in Scottsdale, Sprint a leader in the burgeoning field of Machine-to-Machine (M2M) technology and Samsung Telecommunications America, LLC have announced that Sprint will be the exclusive data provider and Samsung will supply the Galaxy Tab® 2 10.1 for the Digital Caddies Player's Network."
World's Largest Golf Management Company Selects the Players Network for Their Courses "CADY, a market leading tablet-based golf course navigation and content platform, has signed a definitive corporate agreement with Troon for The Digital Caddies Players Network. Troon operates nearly 200 public and private golf facilities throughout the United States and 27 other countries and is the largest golf management company in the world."
Digital Caddies, Inc. Announces Record Quarterly Revenue
Partnership and sponsorships result in revenue increase of over 200% "Operating revenue for the 3rd quarter ended July 31, 2013 was $588,117, an increase of approximately 225% compared to $181,251 for the same quarter ended July 31, 2012. The increase in revenue can primarily be attributed to new revenue generated from partnership and sponsorship income."
CADY's industry is booming! The US golf course industry includes about 12,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 billion!
Major sources of revenue for golf courses include membership dues (40 percent of industry revenue), green and guest fees (25 percent), and sales of food and drinks (20 percent). Other sources of revenue include merchandise sales.
With all this in mind CADY should be front and center on you watch list this morning as a strong reversal candidate.
Happy Trading,
Your AwesomeStocks.com Editor
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