S&P 600 SmallCap
28.03.2005 14:01:00
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Ashworth, Inc. to Present at Sidoti & Co. Emerging Growth Institutiona
Business Editors/Fashion Writers/Golf Writers
CARLSBAD, Calif.--(BUSINESS WIRE)--March 28, 2005--Ashworth, Inc. (NASDAQ:ASHW), a leading designer of golf-inspired lifestyle sportswear and golf apparel, today announced that Ashworth management is scheduled to present at the Sidoti & Company Ninth Annual Emerging Growth Institutional Investor Forum being held April 6-7, 2005, at the Grand Hyatt Hotel in New York, NY. Ashworth's presentation is scheduled for Wednesday, April 6 from 4:35 to 5:05 p.m.
Attendance at the Institutional Investor Forum is limited to clients of Sidoti & Company, LLC, who include analysts, portfolio managers, investment advisers and other members of the investor community focused on the emerging growth sector. For more information on the Sidoti & Co. Emerging Growth Institutional Investor Forum, please visit www.sidoti.com.
Management will update attendees on Ashworth's multi-brand, multi-channel growth strategy, and present details on the expanded markets and sales and marketing synergies that the Company's 2004 acquisition of leading headwear maker Gekko Brands, LLC is providing the Company.
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 recent acquisition, the impact of competitive products and pricing, the success of the Callaway Golf apparel product line, the preliminary nature of bookings information, the ongoing risk of excess or obsolete inventory, potential inadequacy of booked reserves, the timely completion and successful operation of the new distribution facility in Oceanside, CA, and other risks described in Ashworth, Inc.'s SEC reports, including the report on Form 10-K for the year ended October 31, 2003 and Form 10-Q's filed thereafter.
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CONTACT: Ashworth, Inc. Randall L. Herrel, Sr., 760-929-6142 Terence Tsang, 760-929-4611 or CCG Investor Relations and Strategic Communications Sean Collins, 818-789-0100, ext. 202 (Investor Relations) Valerie Bent, 702-270-9696 (Media Relations)
KEYWORD: CALIFORNIA NEW YORK INDUSTRY KEYWORD: SPORTS CONSUMER/HOUSEHOLD APPAREL/TEXTILES RETAIL TRADESHOW SOURCE: Ashworth, Inc.
Copyright Business Wire 2005
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