Digital Caddies, Inc. Receives Funding of $2.7M

Digital Caddies, Inc. Receives Funding of $2.7M 
Investment to Be Used to Fund Growth and Development of the Players
Network 
SCOTTSDALE, AZ -- (Marketwired) -- 04/02/14 --  Digital Caddies Inc.
(OTC Pink: CADY) (PINKSHEETS: CADY) is pleased to announce that it
has received a total of $2.7M of funding on the previously announced
equity capital raise being completed by Paulson Investments -- a
boutique investment bank specializing in the small and mid-cap
markets.  
The offering was priced at $.80 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 at $0.40 per share with a
5 year term. Funds raised are being used to continue the growth and
development of The Players Network and other general working capital. 
Digital Caddies launched The Player's Network in late 2013 -- a
tablet based course navigation and content platform installed on golf
carts. To date the system has been installed on approximately 5000
golf carts on over 60 golf courses across the country. On March 4th,
2014 the company announced that the network was generating
advertising impression inventory at a run rate of over 100 million
per month which far exceeds management's initial expectations. This
better than expected performance, immediately resulted in the
announcements of agreements with many premium 3rd party advertising
networks who are working with Digital Caddies to fill the ad space
with premium ad units and drive meaningful revenue through The
Players Network.  
By installing multi-functional, Internet-connected, high-resolution
tablets in golf carts on golf courses across North America, Digital
Caddies is building a proprietary, nationwide, interactive network --
The Player's Network. The network most notably offers national and
local advertisers the ability to not only reach, but also to
intimately engage with one of the most attractive and sought after
demographic segments -- the golfer. 
Once a golf course is equipped with The Player's Network, golfers are
treated to a host of useful and engaging applications and services
including GPS-based course navigation, touch screen interaction and
on-course messaging. The platform can also provide the ability for
golfers to notify the beverage cart of their location to receive more
prompt service, keep score, set up real-time leader boards, access
news, weather, sports, and other online content.  
The Player's Network tablets easily install on golf carts and
wirelessly connect to the Web through Sprint's nationwide 3G network,
providing the golf course a broad portfolio of real-time course
management tools via GPS-based cart tracking and communications.
These tools enable course operators to improve the golfers'
experience and manage pace of play, increase merchandise and
concession sales via real-time on-tablet promotions, and access
additional revenue streams.  
About Digital Caddies 
Digital Caddies was founded in 2003 and established a solid
reputation and customer base using a low-cost, easy-to-use
and-implement GPS service for golf courses. The company has
transitioned to a new business model by providing golf courses with a
tablet-based navigation and content platform that is wirelessly
connected to the Internet and installed on golf carts. With the
Digital Caddies platform, The Players Network, course operators have
the opportunity to increase revenue by promoting merchandise, food
and beverage specials, or whatever they'd like through the system.
Digital Caddies also can help golf course operators lower operating
costs by helping them track golf cart inventory, manage driver
behavior, and assist in forecasting agronomy issues.  
For more information about Digital Caddies please visit:
www.digitalcaddies.net. 
About Paulson Capital Corp. 
With offices in New York, San Francisco and Portland, Paulson
Investment Company is a leading national boutique investment bank
focused on the small to mid-cap markets focusing on emerging growth
companies with capital needs of $5 million to $45 million. Founded by
Chester "Chet" Paulson in 1970 it has managed or underwritten 170
securities offerings and has generated more than $1.2 billion for
client companies. 
Forward-Looking Statements  
This release contains statements that constitute 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. These statements appear in a number of places in
this release and include all statements that are not statements of
historical fact regarding the intent, belief or current expectations
of Digital Caddies, Inc., its directors or its officers with respect
to, among other things: (i) financing plans; (ii) trends affecting
its financial condition or results of operations; (iii) growth
strategy and operating strategy. The words "may," "would," "will,"
"expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond Digital
Caddies, Inc.'s ability to control, and that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Digital Caddies, Inc.'s filings
with the Securities and Exchange Commission. 
Investor/Media Contact:  
Mike Kordysz 
480.626.2423 
mkordysz@digitalcaddies.net 
Jeff Elliott 
972.423.7070 
jelliott@threepa.com 
 
 
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