Ashworth Inc. Announces Appointment of Terence W. Tsang to Executive Vice President, Chief Operating Officer and Chief Financial Officer.

Business Editors

CARLSBAD, Calif.--(BUSINESS WIRE)--Dec. 19, 2000

Ashworth Inc. (Nasdaq:ASHW) today announced that Terence W. Tsang has been promoted to executive vice president and chief operating officer, effective Monday, Dec. 18, 2000. Tsang will retain his title of chief financial officer.

Tsang joined Ashworth in March 1999 and has successfully implemented several strategic initiatives to improve financial performance and operational efficiencies. He began his tenure as senior vice president and chief financial officer and during this time supervised the following key functions: Finance, Accounting, Distribution, Product Planning/ Customer Service and Information Technology. With the appointment to chief operating officer, Tsang will assume additional operating responsibilities by overseeing Global Sourcing, Production and Licensing.

Randall Herrel, president and chief executive officer of Ashworth Inc., commented, "I am pleased to announce Terence's promotion as it is certainly well deserved. When Terence joined our Company eighteen months ago he quickly implemented a series of financial controls and streamlined selected operations. In this regard, Terence has already exhibited the characteristics of a Chief Operating Officer of a global organization. Our Company stands to benefit from Terence's strong operations and business acumen and in this new role he will continue to add value across the board."

Prior to joining Ashworth, Inc., Tsang spent over seven years at Guess? Inc. (NYSE:GES) where he served in a number of capacities including interim chief financial officer as well as vice president finance, corporate controller/treasurer. Prior to Guess? Inc. he served in several senior financial management positions with Catalina/Cole of California; and Development Bank of Singapore.

Tsang concluded, "I am thrilled to be expanding my role at Ashworth as the company has a solid foundation with a widely recognized brand name. We are continuing to evolve our business strategy and I see a number of ways to capitalize on the opportunities that lie ahead."

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. Visit our new 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, the impact of competitive products and pricing, the success of the women's and corporate divisions, the preliminary nature of bookings information, the ongoing risk of excess or obsolete inventory, potential inadequacy of booked reserves and other risks described in Ashworth, Inc.'s SEC reports, including the report on Form 10-K for the year ended Oct. 31, 1999.