IZON Network, Inc. entered into a letter of intent to acquire all assets of ProShot Golf, Inc. for $0.1 million.
January 22, 2018
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IZON Network, Inc. (OTCPK:IZNN) entered into a letter of intent to acquire all assets of ProShot Golf, Inc. for $0.1 million on January 23, 2018. As on April 25, 2018, Izon signed an asset purchase agreement. As part of the consideration, IZON issued 10,000,000 warrants with an exercise price of $0.02 per warrant. All warrants are convertible to one share of the Izon’s common stock and contain a cashless exercise provision. David Kuhn, founder of ProShot, will take on the title of IZON's Executive Vice President and Advisory Board Member. IZON's Board of Directors has unanimously agreed that ProShot is a very strategic acquisition for IZON. IZON Network and ProShot Golf Board of Directors has unanimously agreed to the transaction.
Prelude Financial, Inc., formerly IZON Network, Inc., provides cloud-based technology solutions that benefit golf courses, golfers, and advertisers. The Companyâs platforms include IZON Golf, IZON Reach and IZON Ride. Its platform, IZON Network, gives golf courses the tools they need to manage their facility. Once a course is installed with the IZON Network, golfers enjoy a variety of useful applications and services, including global positioning system-based course navigation and aerial fairway and green views. The IZON Reach enables advertisers to connect with consumers through ad experiences provided over the platform. Its online ad server allows advertisers to select the locations in which they wish to purchase advertising spots and enables them to reach audiences with static ad content. The IZON Ride is delivering a consumer entertainment platform that also delivers tier one video content and Ads which are delivered via IZONâs media network to captive screens within vehicles.
IZON NETWORK, INC. 
