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4-Traders Homepage  >  Equities  >  Nyse  >  Ellie Mae Inc    ELLI

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Ellie Mae : Tournament Dates and Schedule of Events Announced for 2017 Ellie Mae Classic at TPC Stonebrae; Web.com Tour event will again benefit Warriors Community Foundation

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03/06/2017 | 03:53pm CEST

PLEASANTON, Calif. -- Ellie Mae, Inc. (NYSE:ELLI), in conjunction with the PGA TOUR, today announced the tournament dates and schedule of events for the 2017 Ellie Mae Classic at TPC Stonebrae, to be contested at TPC Stonebrae Country Club in Hayward, Calif. the week of July 31-August 6. Tournament week will feature two Pro-Ams, a celebrity shootout and four days of tournament play where 156 of golf's next wave of PGA TOUR stars will compete for a $600,000 purse.

The 2016 Ellie Mae Classic produced one of the most memorable weeks in the Web.com Tour's 28-year history, with Germany'sStephan Jaeger posting a PGA TOUR-record 58 in the opening round on his way to a record-setting 30-under-par 250 total and a seven-shot victory.

"We were thrilled with the success of this event under our first year partnership with Ellie Mae and the continued support of TPC Stonebrae, and look forward to building on that momentum in 2017," said Web.com Tour President Dan Glod. "Our goal is to drive the Ellie Mae Classic's charitable footprint in the East Bay while creating one of the premier sporting events on the area calendar."

The Warriors Community Foundation will once again serve as the Ellie Mae Classic's main charitable beneficiary. The Foundation, established in 2012, supports educational equity and youth development for low-income students in the San Francisco Bay Area.

Charity continues to play a key role in every PGA TOUR-sanctioned event, with other local charities also benefiting. The TOUR and its tournaments generated a record $166 million for charity in 2016, in turn elevating the all-time total donated to charity to nearly $2.5 billion.

The tournament is adding a Celebrity Shootout on Tuesday, August 1 from 5:00-7:00pm PT. Foursomes from the Golden State Warriors, San Francisco 49ers, NFL Alumni, SF Quakes and Pac -12 will play a five-hole shootout to benefit the winning team's charity of choice.

"We're looking forward to another great Ellie Mae Classic at TPC Stonebrae," said Jonathan Corr, president and CEO of Ellie Mae. "The Ellie Mae Classic provides us the opportunity to build visibility for our growing brand right here in the East Bay where so many of our employees, customers and partners call home. We're also very proud to have the Warriors Community Foundation as our main charitable beneficiary again. We love seeing the players, coaches and staff out on the course and at the tournament, supporting the tournament's tradition of philanthropy, which aligns with our core value of giving back."

"We're honored to continue as the Ellie Mae Classic's charitable partner," said Jose Gordon, executive director of the Warriors Community Foundation. "In Ellie Mae, the PGA, and TPC Stonebrae we have a world-class team that shares our passion for social responsibility and local community impact."

The Ellie Mae Classic 2017 tournament schedule includes the following:

Monday, July 31 - Partner Pro-Am

Tuesday, August 1 - Celebrity Shootout & Party

Wednesday, August 2 - Official Pro-Am

Thursday, August 3 - Tournament Round 1 & Executive Women's Day

Friday, August 4 - Tournament Round 2

Saturday, August 5 - Tournament Round 3 & Family Day

Sunday, August 6 - Final Tournament Round & Military Appreciation Day

Information on the schedule of events, tickets and sponsorship opportunities can be found at http://www.elliemaeclassic.com/. About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae's Encompass all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.About The Warriors Community Foundation

The Warriors Community Foundation supports education and youth development for low-income students in the San Francisco Bay Area. Since its inception in 2012, the Foundation has generated nearly $7 million in direct impact, including grants to improve educational equity in Alameda and San Francisco Counties. The Foundation also rebuilds public basketball courts around the Bay Area. To date, more than 60 courts have been refurbished, helping to revitalize local schools, parks, and neighborhoods. Finally, the Foundation donates thousands of tickets each season to schools and nonprofits that serve children and families, helping share the joy and excitement of Warriors home games. The Foundation is sustained by generous contributions from Warriors owners, players, partners, and fans. Learn more at warriors.org.About TPC Stonebrae Country Club

The development of our Club was completed with the 2014 opening of our award winning Clubhouse and full range of enhanced sport and fitness amenities. David McLay Kidd took full advantage of the undulating landscape and breathtaking panoramic vistas of the natural site to craft meticulously 18 championship holes which balance playability with strategy and stunning beauty. Wind and weather make playing the course a different challenge every day.About the Web.com Tour

Founded (1990), owned and operated by the PGA TOUR, the Web.com Tour continues to identify those players who are ready to compete and win on golf's biggest stage. In 2013, the Web.com Tour became The Path to the PGA TOUR with all 50 available PGA TOUR cards coming through the Web.com Tour and the season culminating at the four-event Web.com Tour Finals. Web.com became the Tour's umbrella sponsor on June 27, 2012, with a 10-year agreement in place through 2021. This season marks the 27th year of competition on the Web.com Tour. Three out of four PGA TOUR members are Web.com Tour alumni. Tour alumni have won more than 450 PGA TOUR titles, including 21 majors and five PLAYERS Championships. The PGA TOUR, through the efforts of its Tours and their tournaments, sponsors, players and volunteers, has surpassed $2 billion in charitable giving. To learn more about the PGA TOUR, the Web.com Tour and to follow the season-long quest for a PGA TOUR card, visit PGATOUR.COM, or follow the Tour on social media via Twitter (@WebDotComTour), Facebook (facebook.com/WebDotComTour) and Instagram (Instagram.com/WebDotComTour).About Web.com

Web.com Group, Inc. (Nasdaq: WWWW) provides a full range of Internet services to small businesses to help them compete and succeed online. Web.com is owner of several global domain registrars and further meets the needs of small businesses anywhere along their lifecycle with affordable, subscription-based solutions including website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products, eCommerce solutions and call center services. To get more information, visit web.com; follow Web.com on Twitter @webdotcom or on Facebook at facebook.com/web.com. For additional online marketing resources and small business networking, please visit Web.com'sWebwise Workshop at www.webwiseworkshop.com.

PRESS CONTACT

Erica Harvill

Ellie Mae, Inc.

(925) 227-5913

[email protected]

Alexandra Gardell Kreuter

Allison+Partners

(646) 428-0618

[email protected]

2017 Ellie Mae, Inc. Ellie Mae, Encompass, AllRegs, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

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(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

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EBIT 2017 101 M
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Average target price 118 $
Spread / Average Target 7,0%
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