Market

Paradigm Sports, Inc., is a privately held company formed in 1993 to conduct the business of manufacturing, marketing and selling self-propelled, electric powered golf bag carts (motorcaddies). In March 1994 Paradigm announced the acquisition of the MinKota Electric Golf Caddie product line from Johnson Worldwide Associates (JWA) Johnson Fishing Division. In march 1995 Paradigm changed the product name to the ClubRunner Motorcaddie. The ClubRunner currently commands more than 60 percent of the U.S. market for motorcaddies, and has been in production since October 1991. The caddie is also expanding its overseas distribution and is available throughout Europe, Canada, South Africa, Australia, and Japan. The ClubRunnerTM is manufactured by Paradigm Sports, Inc, in Lawrence, Massachusetts. Paradigm Sport&s;s ClubRunnerTM is sold in the U.S. through a network of golf product representatives and more than 1,000 retailers. ClubRunnerTM is powered by a 12-volt electric motor. The hand control features a rocker on/off switch and variable speed control to adjust and set the speed of the caddie. The built-in cruise control automatically adjusts the speed to changes in the terrain. The battery is a specially designed volt gel cell which will not spill if tipped over. The battery charger, designed specifically for the charging cycle of the gel cell battery, can fully recharge in seven hours or less. The caddie requires only minor assembly before use.