Arnold Palmer Golf Company and VOCO AG sign joint agreement for International Distribution.OOLTEWAH, Tenn.--(BUSINESS WIRE)--Aug. 2, 1996--The Arnold Palmer Golf Company, Ooltewah, Tenn. and VOCO VOCO Verbal Orders of the Commander VOCO Verbal Orders of Commanding Officer AG, Luzern, Switzerland, have signed an agreement allowing VOCO SPORT to manufacture and distribute Palmer Golf Equipment and Hot-Z golf bags in the United Kingdom, Ireland, Europe and the Middle East, announced George H. Nichols, president and chief executive officer of The Arnold Palmer Golf Company. "This is a major step in the global strategy of positioning the Arnold Palmer brand in golf equipment," said Nichols. "VOCO has a rich history in Europe that stretches over 100 years. We look forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship." VOCO, founded in 1892, has been carrying sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport for over 20 years and one of its main items is Nannini sunglasses sunglasses A tinted pair of glasses used to ↓ light arriving at the eye, which are labeled according to the amount of UV light blocked; nonprescription glasses are classified according to use and amount of UV radiation blocked Sunglasses . "There is no better name in golf in Europe than Arnold Palmer. With this great brand, we have the opportunity to make an immediate impact in the marketplace," said Peter Vonarburg, president and managing director of VOCO SPORT. The company will manufacture Palmer clubs in Manchester, England. Palmer representatives will oversee quality control to insure the products meet the company's standards for performance. The agreement became effective Aug. 1, 1996 for five years. Terms were not announced. Based in Ooltewah, Tenn., The Arnold Palmer Golf Company manufactures, markets and distributes a full line of golf products including Palmer Golf Equipment and Hot-Z bags and luggage. It is publicly traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SmallCap Market under the symbol "APGC APGC Air Proving Ground Center APGC Air Force Proving Ground Command ." CONTACT: Alday Communications Mike Alday, 615/791-1535 |
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