Ashworth, Inc. Announces the Signing of Joey Rodolfo as Vice President of Design for Callaway Golf Apparel Division.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--June 9, 2004 Ashworth, Inc. (Nasdaq:ASHW), a leading designer of sportswear and golf apparel, today announced that Joey Rodolfo has joined the Company as Vice President of Design, Callaway Golf apparel division. Mr. Rodolfo began his career in California in the late 1970's with Catalina Swimwear Catalina is one of the oldest apparel manufacturers in California and one of the best known names in the swimwear industry. The history began in 1907, as Bentz Knitting Mills, a small manufacturer of underwear and sweaters. . In 1980 he joined Union Bay Sportswear in Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. , as Men's Design Director. In 1989, he co-Founded Cutter & Buck as Senior Vice President and Creative Design Director. In 1997 Mr. Rodolfo established Double R Corporation, which included "Resort Two" for women, and later, "JR 1879" for men labels. "The combination of an international brand like Callaway Golf and a talent like Joey Rodolfo is very exciting. Joey's vision will bring the Callaway Golf apparel line to a new level. I am very pleased to have him join the team," commented Eddie Fadel, Senior Vice President, Merchandising and Design. "I feel fortunate to be working with a great team that has given me the opportunity to build a sportswear collection concept around arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. the best-known international golf brand," says Joey Rodolfo. Callaway Golf apparel is considered by many to be one of the most successful golf apparel launches in recent history, recording sales of over $30 million in 2003, their first full year in operation. 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 Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" 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 the most popular items from the Ashworth line. Ashworth Weather Systems(R) utilizes technology to create a balance between fashion and function in any climatic condition. Callaway Golf is a trademark of Callaway Golf Company Callaway Golf Company is an American golf company based in Carlsbad, California. They manufacture woods, irons, wedges, putters and golf balls and license its name for apparel, footwear, timepieces and accessories. . Ashworth, Inc., 2765 Loker Avenue West, Carlsbad, CA 92008 is an Official Licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of Callaway Golf Company. To learn more, please visit our Web site at www.ashworthinc.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 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 Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. , 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended October 31, 2003 and Form 10-Q's filed thereafter. |
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