CARLSBAD, Calif. -- Randall L. Herrel, Chairman and CEO of Ashworth, Inc. (NASDAQ:ASHW), praised Ashworth team members Stuart Appleby, Fred Couples, and Chris DiMarco on their fine playing performance during the recent Presidents Cup matches.
"All these players are true gentlemen and world-class competitors whose achievements over the past few years have been outstanding," Mr. Herrel commented.
Fred Couples defeated Vijay Singh, the Number 2 player in the world. Chris Demirjian, Ashworth's Director of Sports Marketing, commented, "The final match between Stuart Appleby and Chris DiMarco was tough to watch, since both players are part of the pro team representing the Ashworth authentic golf brand, and we knew one of them had to win the match. We are proud to have players on Team Ashworth who so fully embody the core values of golf and the Ashworth brand. The players' confidence and determination throughout the matches were inspiring to everyone, and all of us at Ashworth applaud them."
Ashworth, Inc., through its acquisition of The Game, was responsible for all product and financial operations of the 10,000-square-foot merchandise tent. "Both the Ashworth and Callaway Golf Apparel brands had great success in the merchandise tent with performance fabrics, which added up to record sales for Ashworth, Inc. merchandise at the 2005 Presidents Cup," commented Gary Sims, Ashworth's Executive Vice President Sales and Marketing. Ashworth, Inc. has expanded its capabilities to now include a complete, turnkey Special Events Division for golf and other sporting events.
Ashworth, Inc. is a designer of men's and women's golf-inspired lifestyle sportswear distributed domestically and internationally in golf pro shops, resorts, upscale department and specialty stores and to corporate customers. Ashworth products include three main brand extensions. Ashworth Collection(TM) is a range of upscale sportswear designed to be worn on and off course. Ashworth Authentics(TM) showcases popular items from the Ashworth line. Ashworth Weather Systems(R) utilizes technology to create a balance between fashion and function in a variety of climatic conditions. Callaway Golf is a trademark of Callaway Golf Company. Ashworth, Inc., 2765 Loker Avenue West, Carlsbad, CA 92008 is an Official Licensee of Callaway Golf Company.
In July 2004, Ashworth, Inc. acquired Gekko Brands, LLC ("Gekko"), a leading designer, producer and distributor of headwear and apparel under The Game(R) and Kudzu(R) brands. This strategic acquisition provides opportunity for additional growth in three new, quality channels of distribution for the Ashworth(R) and Callaway Golf apparel brands as well as further growth from The Game(R) and Kudzu(R) brands' sales into the Company's three current distribution channels. The Game(R) brand products are marketed primarily under licenses to over 1,000 colleges and universities, as well as to the PGA TOUR, resorts, entertainment complexes and sporting goods dealers that serve the high school and college markets. The Game(R) brand is one of the leading headwear brands in the College/Bookstore distribution channel. The Kudzu(R) brand products are sold into the NASCAR/racing markets and through outdoor sports distribution channels, including fishing and hunting.
To learn more, please visit our Web site at www.ashworthinc.com.
This press release contains forward-looking statements related to the Company's market position, finances, operating results, marketing plans and strategies. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the timely development and acceptance of new products, as well as strategic alliances, the integration of the Company's acquisition of Gekko Brands, LLC, the impact of competitive products and pricing, the success of the Company's strategic agreements with other companies, and other risks desc
