FL-based Visual Edge Systems announced it has reached
an agreement in principle with a group of private investors
for $3.5M in additional financing. The new financing will
be used to launch Visual Edge's new "One-on-One with Greg
Norman" instruction vans, to increase the advertising budget
for the Norman instructional system, and for working
capital. The financing is expected to close within the next
two weeks and is subject to board approval (Visual Edge).
NEWS & NOTES: TN-based The Buntin Group is handling the
Golden Bear Inc. ad account on a fee basis without media.
Capitalized billings will be in the $4M range. The agency's
primary task will be overseeing strategies and creative to
strengthen the Jack Nicklaus, Nicklaus and Golden Bear
brands (ADWEEK, 2/17 issue)....New MacGregor Golf President
& CEO William Marsh, on the company's position in the market
with respect to Callaway, Titleist and Foot-Joy: "We have no
intention of taking them on, and we're not pretending we
are" (GOLFWEEK, 2/15 issue)....In Jacksonville, Earl Daniels
looks examines the PGA Tour shops, most of which are located
in many metropolitan airports. There are now 21 such shops
in airports across the country (FLORIDA TIMES-UNION, 2/16).
