Ashworth, Inc. Awarded Contract as the Lead Apparel Vendor for the 2004-2006 U.S. Women's Open.Sports Editors/Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--Nov. 6, 2003 Ashworth, Inc. (Nasdaq:ASHW), a leading designer of sportswear and golf apparel, today announced it was awarded a multi-year contract as the lead apparel vendor for the 2004-2006 U.S. Women's Open Championships. Ashworth was awarded this unprecedented contract by Bruno Event Management Team, the independent championship management company contracted by the USGA USGA United States Golf Association USGA Uhren & Schmuck Gassner (Germany) USGA US Global Nanospace Inc. (stock symbol) USGA Undergraduate Student Government Association to manage these events. Under terms of the agreement, Ashworth will be involved in four key elements of the U.S. Women's Open, including the Merchandise Pavilion, the Corporate Merchandise Program, the volunteer uniforms and the official U.S. Women's Open retail shop. Ashworth will supply state-of-the-art fixtures for the 10,000 sq. ft. Merchandise Pavilion. The interior of the pavilion has been professionally designed with all aspects of an authentic retail shop. Ashworth will be the number one brand represented inside the pavilion and will sell men's, women's, kids', outerwear, headwear head·wear n. A hat or other covering for the head. and t-shirts. More than 100,000 individuals are expected to attend the Championship. Ashworth is also the lead apparel vendor for the U.S. Women's Open Corporate merchandise program through which BET will offer product to the corporate patrons of the U.S. Women's Open. Ashworth will be providing uniforms for the 2,500 U.S. Women's Open volunteers. The uniforms have been specifically designed for the Championship. Ashworth will also be the lead apparel vendor for the first ever U.S. Women's Open Retail Shop in South Hadley, Massachusetts South Hadley is a town in Hampshire County, Massachusetts, USA. The population was 17,196 at the 2000 census. It is home to Mount Holyoke College and South Hadley High School. History South Hadley was first settled in 1659 and was officially incorporated in 1775. . The interior of this 1,200 sq. ft. retail shop has been outfitted by Ashworth. The shop will promote the U.S. Women's Open prior to the championship, also giving people a chance to purchase official product leading up to the week of the 2004 championship to be held at the Orchards Golf Club in South Hadley, Massachusetts, July 1 - 4. This shop will also sell tickets to the Championship as well as provide corporate clients a place to purchase product. 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . 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 facilities in Oceanside, CA and Basildon, England 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, 2002 and Form 10-Q's filed thereafter. |
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