October 19, 2006
- Greens Worldwide
Incorporated (“GRWW”) announced today that it has paid all New
England Pro Golf Tour event purses through the end of the 2006 season.
The final purse payouts were not due until later this month. The New
England Pro Golf Tour is a wholly owned subsidiary of Greens Worldwide.
“Meeting this payout to
the New England players fulfills our commitment to the players after
our recent termination of the management of the New England Pro Golf
Tour as stated in a prior release. We also became aware that players
attending PGA Tour Qualifying and who have aspirations of playing on
the 2007 USPGT, our wholly owned subsidiary, as well as our Players
Tour regionals across the country, are in need of funds to support
those efforts,” stated R. Thomas Kidd, Chief Executive Officer of GRWW.
About Greens Worldwide Incorporated
Greens Worldwide Incorporated is a vertically integrated sports marketing
and management company, engaged in owning and operating sports entities
and their support companies and is publicly traded under the stock
symbol GRWW. Our current operating subsidiaries are the US
Pro Golf Tour, Inc. , American
Challenge Golf Tour , New
England Pro Tour, Inc. , Players
Tour, Inc. , Las
Vegas Golf Schools, Inc. , Breakthru
Media, Inc. , Still
Moving, Inc. , and Crowley
and Company Advertising, Inc. ,. In our continuing effort to develop
a more cohesive and synergistic organization, we are structured in
a way that allows all of our wholly owned subsidiaries to utilize each
other’s resources to the greatest extent possible. In addition, the
Company’s strategic plan is to be able to deliver substantial value
by providing multiple sports platforms and media to leverage our partners
advertising and promotional dollars, while delivering the finest entertainment
opportunities to retain and build ,customers. For our non-sports businesses,
we will utilize the media and promotional benefits of our media platforms
in Television, Radio, and Print, together with Internet Television
and other like strategic relationships, to grow our consolidated revenues.
The Company intends to continue its strategy of acquiring profitable
sports organizations and sports related firms, together with other
businesses that would benefit from the synergy the Company provides.
www.grwwsports.com
Forward-Looking Statements
The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended, and are intended to be
covered by the safe harbors created thereby. Forward-looking statements
deal with the Company's current plans, intentions, beliefs and expectations.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Factors that could cause
or contribute to such differences include, but are not limited to,
those discussed from time to time in reports filed by the Company with
the Securities and Exchange Commission.
.
For more information, contact:
Tom Kidd, CEO
Greens Worldwide Incorporated
252.264.2064
