|
|
|
|
Inforetech Wireless Technology acquires ProShot Golf
VANCOUVER, Jan. 17 - Inforetech Wireless Technology Inc.
announced today that it has completed the previously announced acquisition of ProShot Golf Inc., a California-based manufacturer of Global Positioning System (GPS) based distance measurement equipment for golf courses.
The ProShot product line features a full range of GPS-based distance
measuring and information systems, which provide a full overview of the course at each hole, including the topography of each green, distance measurements to the pin, green-side bunkers and water hazards. The system also allows course management to monitor the current location of each player, enabling management to control traffic, increase the pace of play of golfers and thereby increase golf course revenue. In addition, the system offers clubhouse management the ability to instantly communicate with players and also offers wireless communications for the golfer to order merchandise or refreshments. The system is currently in use on courses throughout the United States, Canada, Europe, Asia and Australia and has been enthusiastically embraced by over 145 high-profile courses including Chateau Whistler, Spanish Bay at Pebble Beach, Valderrama, Spain and Doral Country Club.
The combined Company is the only provider of GPS-based golf solutions to
offer both hand-held and cart-based products. Proshot Golf Networks, the newly
formed company will remain a wholly-owned golf subsidiary of Inforetech
Wireless Technology Inc. and will be responsible for all the Company's golf
based activities.
"The acquisition of ProShot, its current customer base and its unmatched
patent portfolio, when combined with the exclusive provider agreement with
American Golf Corporation, the management company of over 300 golf courses in
the USA and the United Kingdom, represents an important step in Inforetech's
growth strategy and profitability." stated Robert Silzer, Jr. President of
Inforetech Wireless.
"With ProShot's full range of cart mounted products and the Inforemer
handset, Inforetech Wireless has now become the leading provider of GPS golf
systems to golf courses worldwide. We will continue to provide our customers
with a full line of innovative products, superior customer service paving the
way to increased revenue." said Robert C. Silzer, CEO of Inforetech Wireless.
About Inforetech Wireless Technology Inc.
Inforetech(R) Wireless Technology applies the global positioning system
(GPS) and wireless technology to information systems for the golf and
recreational industries. The company's initial product, the Inforemer, is the
first, patented, sophisticated communications network to provide a wireless
information system to enhance recreational value, increase golf course profits
and improve player safety. The company's mission is to become the leading
international supplier of wireless, hand-held portable recreational devices
(PRD's) for applications worldwide. Additional information can be obtained
from http://www.inforetech.com/
About ProShot Golf Inc.
In 1995, the ProShot Golf System of San Juan Capistrano, CA. was
introduced as a revolutionary GPS based distance measuring and information
system designed to provide yardage and playing tips to golfers via a cart-
mounted computer screen. This technology-based system was a result of $25
million dollars in research and development, engineering, manufacturing and
testing.
The company formed two strategic alliances; the first with Trimble
Navigation, the leading GPS hardware technology company, and the
second with Toro Company the leader in turf care products and
irrigation. These alliances brought together two diverse golf course
management arenas and reflect a shared vision in offering integrated solutions
utilizing the latest in technology for golf course management. In 1999,
ProShot acquired PinMark, which provided enhanced graphic capabilities and a
platform for color graphics.
|
|
