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Executive Summary <br />Company biography and other relevant information <br />Ell: River Golf Club (ERGC) was established in 1960. During the regular golf season ERGO has between 50 to 60 <br />employees. ERGO is located at 20015 Elk Lake Rd. Elk River, SIN 55330. ERGC is a shareholder owned corporation <br />with 295 shareholders. Over the years ERGC received 4 out of 5 stars from Golf Digest and has also received atop 10 <br />ranking in course conditions, staff, and value by a twin cities golfing guide. In addition, ERGC has been regularly asked <br />to host state events, such as the State amateur and State Players tournaments. We have also hosted the PGA Sr. Match <br />Play and the VVr'MGA 'Women's Mid Annateur tournaments. <br />Experience, past performance and capacity <br />ERGC comes with years of experience at the management level. Jon Varry has over 32 years of experience as a golf <br />course superintendent with a degree from. Penn State University- in Turf Management. Mr. Varty has consistently kept <br />ERGC in pritne shape and has worked within his allotted budget. His attention to detail and years of experience allows <br />him to deal with most any situation that would arise. Chris Singer has been the General Manager at ERGC for the last <br />nine seasons. Prior to joining ERGC, he was an assistant professional for 7 years at Purple Hawk Goff Club in <br />Cambridge, iv1N and Mill Run Golf Course in Eau Claire, VVI. Mr, Singer has a degree in General Management from <br />UXV-Eau Claire and is endorsed by the PGA following completion of the PGA msunagement program. During the last <br />nine years, together both Mr. Vatry and Mr. Singer have worked close to work through difficult economic times for the <br />golf industry, elevate the Elk River Golf Club operation and restructure the company to have continued success going <br />forward. <br />Highlights <br />The following; is a chart that shows the sales and expenses for Pinewood Golf Course from 2010 to 2013 (numbers <br />supplied from the city of Elk River). The last column shows a projection of revenue and expenses for the 2017 golf <br />season opening May 1, 2017 and dosing September 30. Depending on the weather forecast for October and volume <br />during September, the closing date would be extended to late October. <br />PINEWOOD GOLF COURSE- [SELECT" DATE] <br />