(1888PressRelease)
June 11, 2009 - Nationwide - The United States Black Golfers Association, Inc (MyNPGC); the Nation’s Premiere Ethnic Golf Club™ announced it is launching an investment campaign to raise $2.5 million.
On March 1, 2009, MyNPGC’s Board of Directors convened and authorized the increase of the total number of shares of all classes of its unregistered stock to twenty-five million (25,000,000) shares, of which five million (5,000,000) shares shall be shares of Preferred Stock without a par value and twenty million (20,000,000) shares shall be shares of Common Stock with a par value of $1.00 per share. The acquired capital will be used to expand operations in 49 U.S. states, Canada, and Haiti.
"After reviewing our rapid growth and a success in 2008, we decided to keep the company moving forward and to do this, we have to raise needed capital from outside investors. All data and research reveals that this market is virtually untapped and hungry for what we have to offer and the time is now to act, says S.E. Day, President and CEO. ‘Golf is a $90 billion dollar industry and even in these tough economic times it is still growing. We have received positive feedback from all of our targeted markets and we have an obligation to each golfer who has a desire to compete, professionally.”
About MyNPGC
MyNPGC is a member-focused, chapter based association, created out of a desire to equalize the game of golf by increasing exposure and accessibility of golf for ethnic golfers of all ages. MyNPGC will achieve this mission by creating the MyNPGC Championship Tour, a development tour for ethnic golfers that mirrors the Nationwide Tour® and the Hooters Tour®, which serves as qualifiers for entry into the PGA®. MyNPGC also supports the MyUSBGA Fraternal Society Scholarship Fund for young golfers to attend college. Individuals can become members by visiting our website. Membership is $99.00.
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