Ashworth Inc. Announces New Korean and Australian Licensees.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--May 9, 2000 Ashworth Inc. (Nasdaq:ASHW), today announced two new international licensees. Ashworth Inc. and Dong Jin International Limited recently entered into a multi-year licensing and distribution agreement for South Korea. Dong Jin has already established golfman shops at several retail locations and also has a team to develop the Ashworth brand in Korea. Ashworth has also signed a licensing agreement for Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. with Sporte Leisure Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . Sporte Leisure is an established golf lifestyle apparel manufacturer in Australia and will integrate the Ashworth brand into its current account base and distribution channel beginning in Fall 2000. Sporte Leisure has been named in a list of Australia's top 100 Fastest Growing Private Companies in Business Review Weekly. Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
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 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" . 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, marketing plans and strategies. 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 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 Oct. 31, 1999. |
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