Ashworth, Inc. Expands New PGA Tour Player Sponsorship.Business/Sports Editors CARLSBAD, Calif.--(BUSINESS WIRE)--Dec. 20, 2001 Ashworth, Inc. (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 : ASHW), a leading golf lifestyle sportswear company, announced it has expanded the Ashworth team of PGA Tour The PGA Tour is an organization that operates the USA's main professional golf tours. It is headquartered in Ponte Vedra Beach, Florida, USA. Its name is officially rendered in all caps as “PGA TOUR". professionals with the addition of Chris DiMarco Christian Dean DiMarco (born August 23, 1968) is an American golfer who plays on the PGA Tour, and has been in the top 10 of the Official World Golf Rankings. DiMarco was born in Huntington, New York. He attended University of Florida and turned professional in 1990. and Stuart Appleby Stuart Appleby (born May 1 1971) is an Australian golfer. He was born in Cohuna, Victoria. Career summary Appleby is from Cohuna in rural northern Victoria. Appleby practiced by hitting balls from paddock to paddock. . In addition, Ashworth has renewed its contract with Scott Verplank Scott Rachal Verplank (born July 9 1964) is an American professional golfer. Verplank was born in Dallas, Texas. He was a leading member of the W.T. White High School Golf Team and a regular at Brookhaven Country Club in Dallas. . Under the multi-year sponsorship agreements, these players will wear Ashworth branded sportswear on and off course. Signing these players enhances Ashworth's Tour Player Team, which also includes Team Captain Jim Nantz For the ex-NFL fullback, see . James William "Jim" Nantz III (born May 17, 1959 in Charlotte, North Carolina) is an American sportscaster, known primarily for his work with CBS Sports television. , Fred Couples Frederick Stephen Couples (born October 3, 1959) is an American professional golfer and former World No. 1 who competes on the PGA Tour. He has won numerous events, and is most famous for winning the 1992 Masters Tournament. , Blaine McCallister, and Mark Weibe. Mr. Verplank is ranked 17th in the world, finished 10th on the 2001 PGA Tour money list, and is a member of the 2002 Ryder Cup Team. Mr. DiMarco is currently ranked 20th in the world, finished 1st at the PGA Tour 2001 Buick Challenge, and 12th on the 2001 PGA Tour money list. Originally from Australia, Mr. Appleby ranks 43rd in the world, and his professional golf career includes three PGA Tour victories, 1st at the 2001 Holden Australian Open, two President Cups and three Dunhill Cup appearances. "I am pleased to announce that these world class golfers have decided to join the Ashworth team," commented Mr. Randall L. Herrel, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The Ashworth brand has a long history as the leading golf inspired sportswear brand. By partnering with some of the best golfers in the world, we continue building on that heritage and authenticity. The Ashworth sportswear line combines fashion with function by incorporating technical fabrics to enhance performance on course and provide style off course. Like our products, these players represent the essence of our brand-rich heritage, commitment to excellence and innovation, and passion for life. Always authentic." Ashworth, Inc. is a Southern California-based designer of men's and women's golf-inspired lifestyle sportswear distributed domestically and internationally in golf pro shops, resorts and upscale department and specialty stores. Ashworth(R) products include four 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. Ashworth 7(TM) addresses the demand for business casual sportswear. Ashworth is the exclusive licensing partner, in selected markets, for men's and women's Callaway Golf(R) apparel. To learn more, please visit our Website 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 impact of competitive products and pricing, the success of the women's and corporate distribution channels, 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 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, 2000. |
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