Correction - ProLink Holdings Corp. Signs $10 Million Financing Agreement With Able Band Partner.

Publication: PR Newswire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2006 PR Newswire Association LLC

Unique Agreement Accelerates Rollout of Pay-for-Play Partners Program

CHANDLER, Ariz., Feb. 28 /PRNewswire-FirstCall/ -- ProLink Holdings Corp. (BULLETIN BOARD: PLKH) , the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems, announced today that it has signed a letter of intent to provide customer lease financing to ProLink's golf course partners totaling up to $10 million over the next 12 months with a private equity investment group. The proceeds of this financing agreement will be available to facilitate customer purchases of ProLink GPS systems and is expected to accelerate the roll-out of the Company's patent-pending Pay-for-Play Partners program.

The Pay-for-Play program enables golf courses to lease the ProLink GPS systems without significant up-front expenditures, improving the sales cycle, charging golfers by the round to use the system and sharing revenues with ProLink. Under a Pay-for-Play arrangement, the system is offered to each golf group for a nominal fee. The historical acceptance rate for this service has been approximately 94 percent, indicating strong demand...

Read the full article for free courtesy of your local library.