Greens Worldwide Closes Acquisition of Still Moving, Inc.
Greens Worldwide Closes Acquisition of Still Moving, Inc.
HERTFORD, N.C., April 18 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated (BULLETIN BOARD: GRWW) announced today that it has closed its acquisition of Still Moving, Inc. in a share exchange agreement whereby Still Moving, Inc. has become a wholly owned subsidiary of Greens Worldwide. Still Moving, Inc. will provide in-house television production capabilities to produce the television programming of the US Pro Golf Tour, Inc. on Fox Sports Net, and the New England Pro Golf Tour on The Golf Channel.
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. http://www.usprogolftour.com/, Breakthru Media, Inc. http://www.breakthrumedia.com/, Crowley and Company Advertising, Inc. http://www.crowleyadvertising.com/, Las Vegas Golf Schools http://www.gotogolfschool.com/, New England Pro Tour, Inc. http://www.clevelandgolftour.com/, North American Football League http://www.nafl.org/, and Still Moving, Inc. http://www.still-moving.com/. 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.
About Still Moving, Inc.
Still Moving Television Productions is a company designed to meet the needs of clients developing new and innovative programs and marketing concepts. Still Moving has worked with Dollar Rent-A-Car on a photo campaign, produced a one hour PBS special and live-concert DVD for world famous guitarists Esteban along with his successful infomercial. Still Moving has also produced the 1/2 hour pilot "Go Figure" now in negotiations with the ABC Family Network. Con-currently Still Moving has also been in the developmental stages of an innovative web-series to be launched in the Spring of 2006.
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.
Contact
Tom Kidd
Chief Executive Officer
252.264.2064
Source: Greens Worldwide Incorporated
CONTACT: Tom Kidd, Chief Executive Officer of Greens Worldwide
Incorporated, +1-252-264-2064, Fax - +1-252-264-2068,
greensworldwide@one1stream.net
Web site: http://www.still-moving.com/
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