29.06.2006 12:00:00

Ashworth, Inc. Enters 2006 Golf Season with Strong Presentations at USGA Open Championships

Ashworth, Inc. (NASDAQ:ASHW), a leading designer ofgolf-inspired lifestyle sportswear and golf apparel, marks a banneryear in terms of its standing as an authentic golf brand. For the 2006season Ashworth has extended their contracts and posted a completesweep as the lead merchandise vendor and merchandise pavilion customretail fixture designer for the U.S. Open, U.S. Women's Open and U.S.Senior Open, all of which are USGA sanctioned Championships. Ashworthhas also extended its contracts with key PGA Tour events. Ashworth hasgained significant momentum in the tournament / event business as itcontinues to grow their presence in the golf industry.

These agreements extend relationships originally established inprior years, while others extend beyond the 2006 season. Ashworth isthe only merchandise vendor that has achieved such a comprehensivescope of premier vendor agreements from golf's governing bodies andhost clubs.

Internationally, Ashworth has been chosen by the Royal and Ancientand Royal Liverpool Golf Club as a preferred supplier providing majorevent merchandise and services for the 2006 Open Championship, held atthe Royal Liverpool Golf Club.

Ashworth was also selected as the lead vendor and premier apparelsupplier for the 2006 Ryder Cup matches being held at The K Club inStraffan, Co. Kildare, Ireland.
Details of Ashworth's premier and preferred vendor designations
includes:

2006 thru 2009 US Opens

Lead merchandise vendor and merchandise tent fixture designer and
supplier as well as the volunteer uniform supplier for over 5,000
volunteers.

2006 US Senior Open

Agreement with Prairie Dunes Golf Club to be the premier apparel
vendor and merchandise pavilion designers and provider. As well as the
official volunteer uniform provider for over 2,000 volunteers.

2006 US Women's Open

A continuation of the unprecedented long-term agreement signed with
BET in 2004 giving Ashworth premier vendor status includes: official
vendor for merchandise and merchandise tent fixtures and sole supplier
of the official volunteer uniforms for over 2,500 volunteers.

2006 Open Championship

Preferred supplier under contract with Royal and Ancient and Royal
Liverpool Golf Club.

For each event covered under these agreements, Ashworth willprovide upscale merchandise tent fixtures for merchandise pavilionsspanning up to 38,000 square feet, and all official volunteer uniformsfor each event. The pavilions feature professionally designedinteriors and amenities such as air conditioning, carpeting, videodisplays and luxurious wood fixtures to rival the most upscale retaildepartment store environments.

By the end of Ashworth's contract with the USGA in 2009, it willhave held lead fixture and merchandise vendor status with the USGA fornine years.

Randall L Herrel, Chairman and CEO of Ashworth, Inc., commented,"In recent years, Ashworth's tournament division has gained greatmomentum, with the results that Ashworth has become the brand ofchoice for major tournaments. Being chosen as the premier preferredvendor for nearly every major tournament in the U.S. and Britaintestifies to our heritage as a company authentically rooted in thegame of golf. We plan to continue setting the very highest standardsin providing vendor services to the various tournaments throughout2006 season and beyond, both men's and women's events, both in theUnited States and in the United Kingdom."

Ashworth, Inc. is a designer of men's and women's golf-inspiredlifestyle sportswear distributed domestically and internationally ingolf pro shops, resorts, upscale department and specialty stores andto corporate customers. Ashworth products include three main brandextensions. Ashworth Collection(TM) is a range of upscale sportsweardesigned to be worn on and off course. Ashworth Authentics(TM)showcases popular items from the Ashworth line. Ashworth WeatherSystems(R) utilizes technology to create a balance between fashion andfunction in a variety of climatic conditions. Callaway Golf is atrademark of Callaway Golf Company. Ashworth, Inc., 2765 Loker AvenueWest, Carlsbad, CA 92008 is an Official Licensee of Callaway GolfCompany.

In July 2004, Ashworth, Inc. acquired Gekko Brands, LLC ("Gekko"),a leading designer, producer and distributor of headwear and apparelunder The Game(R) and Kudzu(R) brands. This strategic acquisitionprovides opportunity for additional growth in new three, qualitychannels of distribution for the Ashworth(R) and Callaway Golf apparelbrands as well as further growth from The Game(R) and Kudzu(R) brands'sales into the Company's three current distribution channels. TheGame(R) brand products are marketed primarily under licenses to over1,000 colleges and universities, as well as to the PGA TOUR, resorts,entertainment complexes and sporting goods dealers that serve the highschool and college markets. The Game(R) brand is one of the leadingheadwear brands in the College/Bookstore distribution channel. TheKudzu(R) brand products are sold into the NASCAR/racing markets andthrough outdoor sports distribution channels, including fishing andhunting.

To learn more, please visit our Web site at www.ashworthinc.com.

This press release contains forward-looking statements related tothe Company's market position, finances, operating results, marketingplans and strategies. Readers are cautioned not to place unduereliance on these forward-looking statements, which speak only as ofthe date hereof. The Company undertakes no responsibility to publiclyrelease the results of any revisions to these forward-lookingstatements that may arise from changing circumstances or unanticipatedevents. These statements involve risks and uncertainties that couldcause actual results to differ materially from those projected. Theserisks include the timely development and acceptance of new products,as well as strategic alliances, the integration of the Company'srecent acquisition, the impact of competitive products and pricing,the success of the Callaway Golf apparel product line, the preliminarynature of bookings information, the ongoing risk of excess or obsoleteinventory, the potential inadequacy of booked reserves, the timelycompletion and successful operation of the new distribution facilityin Oceanside, CA, and other risks described in Ashworth, Inc.'s SECreports, including the annual report on Form 10-K for the year endedOctober 31, 2003 and quarterly reports on Form 10-Q filed thereafter.

JETZT DEVISEN-CFDS MIT BIS ZU HEBEL 30 HANDELN
Handeln Sie Devisen-CFDs mit kleinen Spreads. Mit nur 100 € können Sie mit der Wirkung von 3.000 Euro Kapital handeln.
82% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.

Nachrichten zu Ashworth Inc.mehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Ashworth Inc.mehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!

Indizes in diesem Artikel

NASDAQ Comp. 19 442,58 -0,94%
S&P 600 SmallCap 935,46 -0,94%