Ashworth, Inc. Updates Revenue and Earnings Guidance for the Fourth Quarter and Fiscal Year 2006.

CARLSBAD, Calif. -- Ashworth, Inc. (NASDAQ:ASHW), a leading designer of golf-inspired lifestyle sportswear, today updated its guidance for revenues and earnings for the fiscal year ended October 31, 2006 based upon preliminary information for the fourth quarter, subject to year-end audit.

Consolidated revenues for fiscal 2006 are expected to be approximately 2% to 3% below the level previously anticipated which was at the lower end of $210 to $220 million. The volume decrease is largely the result of lower than expected fourth quarter at-once higher gross margin sales in its Domestic Golf Channel and Gekko subsidiary. The Company also experienced greater than expected markdowns in its Retail and other channels.

The fourth quarter shortfall in higher margin revenues -- together with greater than expected markdowns, lower than expected capacity utilization in its U.S. Embroidery and Distribution Center, and approximately $1.1 million of expense associated with the previously-announced resignation of the Company's former Chairman and CEO and other organizational changes -- has resulted in an expected fourth quarter loss of approximately $0.20 to $0.25 per diluted share. For fiscal year 2006, therefore, the Company expects a profit of approximately $0.12 to $0.17 per diluted share. Included in expected fiscal year 2006 results are special expenses related to the 2006 proxy contest, strategic alternatives process, implementation of FAS 123R and associated stock option expenses, Sarbanes-Oxley 404 compliance costs, and the $1.1 million described above, which, in the aggregate, equate to approximately $0.13 per diluted share on an after-tax basis.

The Company expects to formally release its fourth quarter results at the end of December 2006.

About Ashworth, Inc.

Ashworth, Inc. (NASDAQ:ASHW) is a leading 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's three market-leading brands include: Ashworth Collection(TM), a range of upscale sportswear designed to be worn on and off course; Ashworth Authentics(TM), which showcases popular items from the Ashworth line; and Ashworth Weather Systems[R], a technical performance line. Ashworth is also an official apparel licensee of Callaway Golf Company.

Ashworth is also a leading designer, producer and distributor of headwear and apparel under The Game[R] and Kudzu[R] brands. The Game[R] is a leading headwear brand to collegiate bookstores and Kudzu[R] products are sold into the NASCAR/racing markets and through outdoors sports distribution channels, including fishing and hunting. Ashworth is also the exclusive on-site event merchandiser for the Kentucky Derby.

For more information, please visit the Company's Web site at www.ashworthinc.com.

Forward Looking Statements

This press release contains forward-looking statements related to the Company's market position, finances, operating results, marketing and business plans and strategies within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may contain the words "believes," "anticipates," "expects," "predicts," "estimates," "projects," "will be," "will continue," "will likely result," or other similar words and phrases. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, changed circumstances or unanticipated events unless required by law. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the uncertainties associated with implementing a successful transition in executive leadership, the evaluation of strategic alternatives that may be presented, timely development and acceptance of new products, as well as strategic alliances, the integration of the Company's acquisition of Gekko Brands, LLC, 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, the potential inadequacy of booked reserves, the successful operation of the new distribution facility in Oceanside, CA, the successful implementation of the Company's ERP system, and other risks described in Ashworth, Inc.'s SEC reports, including the annual report on Form 10-K for the year ended October 31, 2005, quarterly reports on Form 10-Q filed thereafter and amendments to any of the foregoing reports, including the Form 10-K/A for the year ended October 31, 2005.