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Ashworth, Inc. to Present at Roth Capital Partners' 17th Annual Growth Stock Conference.


CARLSBAD, Calif. -- 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 designer of golf-inspired lifestyle sportswear and golf apparel, today announced that Ashworth management, led by 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.  Randy Herrel, will present a company update at Roth Capital Partners Roth Capital Partners, LLC, is a full service Investment Banking firm, specializing in the small and micro cap markets. Roth’s focus, according to its official website, "has been, is, and will continue to be providing the full spectrum of investment banking services,  17th Annual Growth Stock Conference, being held February 21-23, 2005 at the St. Regis Monarch Beach Hotel, One Monarch Beach Resort, Dana Point, California Dana Point is a city located in southern Orange County, California. The population was 35,110 at the 2000 census. As one of the few harbors along the Orange County coast, and with ready access via California State Route 1, it is a popular local destination for surfing and is home .

Ashworth's presentation will take place at 11:00 a.m. PST PST Paroxysmal supraventricular tachycardia, see there  on Wednesday, February 23, 2005. To register for this invitation-only conference, please contact your Roth sales representative at 800-678-9147. To schedule a one-on-one meeting with Company management, please contact Sean Collins of CCG CCG Chicago
CCG Collectible Card Game
CCG Canadian Coast Guard
CCG Country Commercial Guide
CCG Children's Cancer Group
CCG Commission Canadienne des Grains (Canadian Grain Commission) 
 Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 at 818-789-0100; media representatives, please contact Valerie Bent at 702-270-9696.

Randy Herrel, Chairman and CEO of Ashworth, said, "Our presentation to the Roth Capital Growth Conference this year will give us an excellent opportunity to emphasize our belief that our recent results show how well our multi-brand, multi-channel growth strategy is working. With our acquisition during the year of the leading headwear head·wear  
n.
A hat or other covering for the head.
 brands The Game(R) and Kudzu kudzu (kd`z), plant of the family Leguminosae (pulse family), native to Japan. (R), we see even greater cross-channel sales potential than ever before."

As Ashworth, Inc. reported on December 16, 2004, the Company's consolidated net revenue for fiscal 2004, ended October 31, 2004, increased 15.8% to a record $173.1 million as compared to $149.4 million for fiscal 2003. Consolidated net income for fiscal 2004 was a record $8.2 million or $0.60 per diluted share compared to $7.3 million or $0.56 per diluted share in fiscal 2003.

Without a pre-tax gain in the second quarter on the sale of the distribution center and a pre-tax charge in connection with a lawsuit settlement during the third quarter, the Company would have reported consolidated net income of $9.1 million or $0.66 per diluted share for fiscal 2004, which would have reflected a 23.5% increase in net income for fiscal 2004 over fiscal 2003. The Company believes that excluding the effects of these non-recurring items provides additional information to investors to better understand the impact the transactions had on the Company's performance for fiscal 2004 as compared to fiscal 2003 and, therefore, the adjusted consolidated net income measure is useful to investors.

The Roth conference will feature more than 220 leading growth companies in sectors such as Consumer Products, Technology, Healthcare, and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. A concentrated, two-day program will allow institutional investors to meet the executives from a select group of companies that have been hand-picked by the Roth Capital Partners research team.

About Roth Capital Partners

Roth Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, is a full service investment bank serving corporate and institutional clients throughout the world. Based in Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. and with offices in strategic locations in the Western U.S., it offers a wide array of investment banking services including: initial public offerings, follow-ons, PIPEs, private placements, mergers and acquisitions, investment research, and institutional sales and trading. The firm is perhaps best known for finding, funding and fostering the growth of emerging companies. Visit the Roth Capital Partners website at http://www.rothcp.com/ .

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 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 popular items from the Ashworth line. Ashworth Weather Systems(R) utilizes technology to create a balance between fashion and function in a variety of climatic conditions. 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 of Callaway Golf Company.

In July 2004, Ashworth, Inc. acquired Gekko Brands, LLC ("Gekko"), a leading designer, producer and distributor of headwear and apparel under The Game(R) and Kudzu(R) brands. This strategic acquisition provides opportunity for additional growth in three new, quality channels of distribution for the Ashworth(R) and Callaway Golf apparel brands as well as further growth from The Game(R) and Kudzu(R) brands' sales into the Company's three current distribution channels. The Game(R) brand products are marketed primarily under licenses to over 1,000 colleges and universities, as well as to the PGA TOUR, resorts, entertainment complexes and sporting goods dealers that serve the high school and college markets. The Game(R) brand is one of the leading headwear brands in the College/Bookstore distribution channel. The Kudzu(R) brand products are sold into the NASCAR/racing markets and through outdoor sports distribution channels, including fishing and hunting.

To learn more, please visit our Web site 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 integration of the Company's recent acquisition, 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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Publication:Business Wire
Date:Feb 8, 2005
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