SPRINGFIELD, Tenn. – Datrek Miller International, Inc. ("DMI") (OTC Bulletin Board: DMLL.OB), a leading supplier of products and value-added services to the golf industry, has announced the closing of a transaction establishing a new business venture between DMI and Chatham Plastic Ventures, Inc. ("Chatco"), its largest provider of plastic bag tags and accessories.
"This transaction further solidifies DMI’s commitment to becoming the leading supplier of golf bags and accessories," said Max Waits, DMI’s Chief Operating Officer. "Chatco has been a key supplier to DMI for over 20 years and management believes the vertical integration expected to result from this transaction will solidify DMI’s commitment to the product category."
For over 50 years, DMI has been recognized for its service and delivery capabilities in the golf industry. Having an ownership stake in the supply chain ensures that the company’s customers will continue to receive the standard of service they have come to expect, added Waits.
Chatco is a leading provider of plastic bag tags and products in the golf industry. "We are excited to partner with DMI as this association affords Chatco the needed resources to continue to grow and invest in new products and technologies," stated Dan Crellin, President of Chatco.
About Datrek Miller International, Inc.
Datrek Miller International, Inc. is a leading supplier of products and value-added services to the golf industry. The company has a 75 year history and reputation for designing, manufacturing, marketing, and supplying premium golf accessories including golf bags, travel covers, bag tags, head covers, towels, luggage, and a wide assortment of gifts and awards. DMI services over 6,000 points of sale through multiple distribution channels with a wide selection of products and value-added services representing multiple brands within the golf industry.
Forward Looking Statements
Included in this release 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, including express and implied statements concerning future growth potential, future revenues and revenue growth, income, results of operations, expansion plans and expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward looking statements will prove to have been correct. The Company makes these statements based on information available to it as of the date of this news release and assumes no responsibility to update or revise such forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, including, without limitation, the Company’s success in integrating the operations of the merged businesses, and associated reduction in costs, the successful implementation of its business plans including growth of existing product offerings, the successful integration of new management team members, continued and increased demand for its products, competition from larger and/or more experienced participants in the industry, its ability to continue to develop its markets, general economic conditions, and other factors that may be more fully described in Datrek Miller International’s literature and periodic filings with the Securities and Exchange Commission. You are urged to carefully review and consider these disclosures which describe certain factors which affect our business.