StrackaLine PLC, the world-wide leader in helping golfers putt better while playing golf, took a huge step today in expanding its operations world-wide. StrackaLine had its initial public offering today on the Frankfurt Stock Exchange, Deutsche Borse (http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=GB00B6687N14).
The IPO will raise 3 million Euros. "Pre IPO interest has been extensive," says Stephen Skinner, VP of Investor Relations. "The initial raise represents about 20% of the company."
The StrackaLine has been used by professional golfers for several years. Now with the StrackaLine IPO, the company will be expanding its operations to bring this technology to every golf course and every golfer in the world.
The patented technology (U.S. patents 6,296,579 and 6,638,173) gives golfers the exact topography of the putting green. Golfers, pro and amateur alike, will putt better and use less strokes on the greens.
StrackaLine PLC will use Smart Phone Apps and proprietary technology to distribute the information directly to the golfer with subscription accounts. "The GPS market has expanded to over $1 billion world-wide," says Jim Stracka, StrackaLine Founder. "Our patented technology will follow the GPS market, but without all the competition. We expect dramatic growth in the next three years as we laser each putting green around the world."
"With 60 plus million golfers today and expanding world-wide as we approach the 2016 Olympics, the golf industry is ripe for this great technology," says George Lucas, former professional caddie for Arnold Palmer. "I have worked with hundreds of professional golfers and every one of them will say, the game is won or lost on the putting green."
The StrackaLine is used by all the top players in the world. The StrackaLine has branded by its orange and other colored books (http://www.strackaline.com/c/strackaline/company/clients.asp).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
About StrackaLine
StrackaLine's patented technology provides detailed information for golfers to putt better. StrackaLine was founded in 2007 and has offices in Houston and London.
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Contacts:
StrackaLine PLC
Investor Contact Information:
Stephen
Skinner, 1-281-469-0170
investor@StrackaLine.com
or
Media
Contact Information:
Chase Stracka, 1-281-469-0170
press@StrackaLine.com