Workflow
Golf
icon
Search documents
The Marquie Group, Inc. Announces Change of Control, Appointment of New Chairman and CEO
Globenewswire· 2025-10-20 19:43
Core Insights - The Marquie Group, Inc. has undergone a change of control with the transfer of a majority of its voting securities to GETGOLF, LLC, completing the Stock Purchase Agreement dated September 18, 2025 [1] - Jeff Foster has been appointed as the new Chairman and CEO, succeeding Marc Angell, who will remain in a consulting role [2][4] - The acquisition of GETGOLF and its subsidiaries, which include Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, is expected to enhance the company's revenue and profitability, with combined annual gross revenues exceeding $8 million and nearly $2 million in profit [4] Company Leadership Changes - The Board of Directors has unanimously approved the new leadership appointments and the expansion of the Board to include Kelly Kirchhoff as a new Director [2][3] - Jeff Foster expressed gratitude towards Marc Angell for his leadership and contributions during the transition [4] Financial Overview - The acquisition of GETGOLF is anticipated to significantly impact TMGI's financial performance, with the combined businesses generating over $8 million in annual gross revenues and an estimated profit of nearly $2 million [4] Corporate Communication - All updates and corporate filings related to the transition will be made available through the company's public disclosure channels, including SEC filings and OTC Markets disclosures [5]
TruGolf Named Exclusive Golf Technology Supplier to New Golf Everywhere Facility
Globenewswire· 2025-10-08 20:03
Core Insights - TruGolf Holdings, Inc. has been selected as the exclusive supplier of golf simulators for the upcoming Golf Everywhere facility in Flower Mound, Texas, which will be the largest indoor golf facility in the U.S. [1][2] - The facility will span approximately 6 acres and will feature 33 bays, 16 private suites, and a dedicated training area, marking a significant expansion in indoor golfing options [1][3] - The contract for this project is valued at $4.5 million, representing TruGolf's largest technology project in a single location to date [1] Company Overview - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to enhance the golfing experience [5] - The company aims to make golf more accessible and affordable through its products, which include award-winning video games and advanced hardware solutions [5] - TruGolf's mission is to grow the game of golf by leveraging technology, believing that golf should be available to everyone [5] Partnership Details - Golf Everywhere's founder, Myles Vlachos, emphasized the alignment of visions between Golf Everywhere and TruGolf, aiming to provide a realistic golfing experience [2] - TruGolf will supply a comprehensive suite of proprietary and partner technologies, including the E6 platform and Golf 918 software for various operational needs [2] - The partnership is expected to enhance community engagement in golf and provide a modern country club experience [2] Facility Features - The Flower Mound facility will offer both private memberships and public access, along with a learning academy and a large putting and chipping complex [3] - Additional amenities will include a wellness center and multiple dining and entertainment options, enhancing the overall experience for visitors [3]
The Marquie Group Acquires GETGOLF
Globenewswire· 2025-10-01 15:44
Core Insights - The Marquie Group, Inc. has completed the asset acquisition of GETGOLF and its subsidiaries, which include Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, generating over $8 million in annual gross revenues and nearly $2 million in profit [1][2] - Incoming Chairman and CEO Jeff Foster emphasizes that this acquisition serves as a launchpad for the future of golf, with GETGOLF set to scale globally and enhance golfer interactions through real-time tee-time booking and travel planning [2] - Current CEO Marc Angell expresses confidence in the growth potential of GETGOLF, highlighting its position as a leader in the rapidly growing golf industry [2] Company Overview - The Marquie Group, Inc. is transitioning to new management following the acquisition of GETGOLF, indicating a significant change in control and strategic direction [1][2] - The acquisition is expected to create new connections between golfers and courses, enhancing the overall golfing experience [2] Financial Performance - The combined businesses of GETGOLF and its subsidiaries are estimated to generate annual gross revenues exceeding $8 million, with profits nearing $2 million, although these figures are unaudited [1]
X @The Economist
The Economist· 2025-09-28 18:40
Marketing & Advertising - Golf companies are now paying YouTubers and TikTokers to advertise their products [1] - Golf companies are also paying promising young players for advertising [1] - The industry recognizes the value of embracing content creators for marketing [1]
Eastside Golf aims to break down racial and economic barriers in golf
NBC News· 2025-09-26 19:09
We bow out the golf course for the day. Free golf lessons, uh, free food. >> You're looking at a community day, one of several events across the country put on by East Side Golf, a brand that's looking to help usher new faces onto the putting green.>> My favorite part about golf is that I could like break barriers and I could be one of the best round. If I win and I get second, that's always great. >> There isn't one race and there isn't one person that owns the game of golf.co-founders and former Morehouse ...
X @Bloomberg
Bloomberg· 2025-09-26 18:18
IPO’ing PGA Tour Enterprises could be a potential long-term option, albeit a lot would have to change in the structure of the PGA Tour for this to be a reality https://t.co/eRAYw0OaCX ...
PGA of America CEO on how the Ryder Cup continues to evolve
CNBC Television· 2025-09-24 16:12
Ider Cup is one of the most prestigious and highstakes events in golf, pitting the best players in the United States against Europe, but it's also driving some big business. Joining us with more this morning, Dom Chu in Farmingdale, New York with a special guest. Hey, Dom.Good morning, Carl. So, we are here in Farmingdale, New York at what is known as America's Country Club, Beth Paige and the Black Course. And with me right now is the PG of America CEO, Derek Sprag.And so Derek, this is an unbelievable ven ...
The Marquie Group Enters Into Purchase Agreement With GETGOLF.COM
Globenewswire· 2025-09-22 13:05
Core Insights - The Marquie Group, Inc. has entered into a purchase agreement with GETGOLF.COM, marking a significant transition for the company [1] - CEO Marc Angell will transfer control shares to GETGOLF.COM and its CEO, Jeff Foster, who has extensive experience in the golf and hospitality industry [1][2] - The transition is expected to be swift, involving the completion of closing procedures and asset transfers [1] Company Leadership Transition - Outgoing CEO Marc Angell expressed confidence in Jeff Foster's ability to lead TMGI, highlighting his experience in managing golf businesses [2] - Jeff Foster aims to create a premier golf-focused enterprise, leveraging his passion and expertise in the golf industry [2] - Marc Angell will remain involved in a consulting role to ensure business continuity and provide strategic guidance during the transition [2]
Piper Sandler's Jimmy Dunne on remembering 9/11, M&A outlook and business of golf
CNBC Television· 2025-09-11 13:30
M&A Activity in Financials - M&A activity for financials has seen virtually no conversation for 5 years due to regulatory uncertainty [7] - Increased enthusiasm and discussions are occurring behind the scenes regarding potential deals [8] - The firm completed 20 deals totaling approximately $15 billion, indicating a substantial increase of 30-40% in activity [9] - Technology, especially AI, is driving M&A as companies seek to stay competitive [9] - Stock deals are viewed as an opportunity to acquire companies at a discount, emphasizing the importance of finding undervalued targets [10] Golf Industry & PGA Tour - The speaker resigned from the PGA Tour, feeling superfluous, and suggests a deal should have been reached before the British Open in 2023 [12] - No progress has been made since the resignation, but the PGA Tour is currently in good shape [14] Other Engagements - The speaker is involved with Troun Golf, bringing a different perspective to the company [15] - The speaker serves on the AIG board and the Chime board (which went public) [15][16]
Fortinet Named Title Partner of the Founders Cup
Globenewswire· 2025-08-26 16:00
Core Points - Fortinet has entered a multiyear partnership with the LPGA Tour to become the title sponsor of the Founders Cup, with the 2026 event scheduled for March 19-22 and a purse of $3 million, an increase from $2 million in 2025 [1] - The partnership aims to honor the 13 women who founded the LPGA and to promote women's golf, leveraging Fortinet's strong ties to Northern California [2][3] - Fortinet, founded in Silicon Valley in 2000, is recognized as a leader in cybersecurity with the largest patent portfolio in the industry, including AI patents, and has over 890,000 lifetime customers [2][9] Company Overview - Fortinet is a cybersecurity company that focuses on the convergence of networking and security, providing a comprehensive portfolio of over 50 enterprise-grade products [9] - The company has been recognized as one of the most trusted cybersecurity firms in the U.S. and has received accolades across multiple Gartner Magic Quadrants [2][9] - Fortinet's commitment to innovation and customer service is reflected in its extensive patent portfolio and its leadership in various cybersecurity domains [2][9] Event Details - The Founders Cup will be held at Sharon Heights Golf & Country Club, which has undergone significant renovations and is known for its commitment to sustainability [4][10] - This event marks the 15th edition of the Founders Cup, celebrating the LPGA's founding members and showcasing top female golfers [5] - The LPGA Tour is the leading competitive platform for female golfers, hosting over 32 events annually with total prize funds exceeding $129 million [8]