Names Former American Express Division President Danny Lam as Head
(TEMPE, Ariz.) – ProLink Solutions, LLC a majority-owned subsidiary of Amalgamated Technologies, Inc. (AGMN) and the world’s largest provider of Global Positioning Satellite ("GPS") systems to golf courses, has named Danny Lam President of "ProLink Capital," the company’s new financing initiative.
Designed to provide comprehensive financing alternatives tailored to the golf industry, ProLink Capital will leverage ProLink’s vast knowledge base, unparalleled resources and longstanding, global relationships. ProLink Capital will provide efficient and simple credit and documentation processes while delivering the most competitive rates on the market.
The ProLink Capital initiative augments ProLink’s leadership position in golf’s GPS category. As the only GPS company to provide captive financing, courses now have the unique ability to lease and finance ProLink GPS and a wide variety of other capital items required by golf course owners and operators. This includes financing alternatives structured for small initiatives as well as for larger, high-investment items such as golf course and clubhouse construction and renovation, turf equipment purchase and replacement, restaurant outfitting and supplies, and new golf cart fleets.
An industry veteran with more than 30 years experience in commercial lending, Lam served as president and general manager of American Express Business Finance Corporation, a subsidiary of American Express Corporation that provides commercial working capital and term loans. Previously, Lam was president and chief executive officer of Bell Atlantic Capital Corporation, the multi-billion dollar financial services subsidiary of Bell Atlantic (Verizon). He also held the esteemed position of senior vice president of AT&T Small Business Lending Corp.
"Danny is extremely savvy and brings a wealth of experience, and energy to ProLink," says Lawrence Bain, President and CEO of Amalgamated Technologies and ProLink Solutions. "His capital generation and asset management skills ensure ProLink Capital will succeed in our company’s industry-diversification model and, like no other lender, in our mission to give course partners flexibility to creatively enhance their assets in today’s challenging market."
"There are very few dedicated lenders to the golf industry, and this is a tremendous finance opportunity for ProLink and the 16,000-plus golf courses throughout the U.S.," says Lam. "Within ProLink’s customer base alone, we estimate an immediate demand for more than $350 million in capital to meet course enhancement and maintenance needs. ProLink Capital provides courses within our customer portfolio and outside of it with a sound, flexible and affordable financing option."
About ProLink Solutions
Based in Tempe, ProLink’s industry-leading technology and marketing richness is installed at more than 700 resort, private and public courses worldwide — more than triple the installations of all its competitors combined. World-famous course partners of ProLink include Valderrama Golf Club in San Roque, Spain, Dai-Takarazuka in Osaka, Japan and Kapalua Resort in Maui, Hawaii.
The world’s largest golf-course management companies, including Pacific Golf Management, Meadowbrook, Kemper Sports, Evergreen Alliance Group and Billy Casper Golf feature ProLink. Via its international distributors, ProLink is also being rapidly adopted throughout Europe, South Africa, the Middle East, Australia and Japan.
Risks and uncertainties are described in reports filed by AGMN with the United States Securities and Exchange Commission
For more information about ProLink Capital , visit www.goprolink.com, call Danny Lam at 480.753.2337 or email dlam@goprolink.com
Safe Harbor
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Amalgamated Technologies, Inc. (AGMN). Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of AGMN’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. AGMN does not assume any obligation to update the information contained in this press release.
Contact:
Investor Relations
Hayden Communications
Matt Hayden, (858) 704-5065
matt@haydenir.com
Media Relations
Buffalo Communications
Rich Katz
703-761-1444
Shane Sharp
803-547-2118
ssharp@billycaspergolf.com
