Ashworth Inc. Awarded Contract as Premier Merchandise Partner for the 2003 U.S. Women's Open Championship.Sports Editors/Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--April 30, 2003 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 sportswear and golf apparel, today announced it was awarded the contract as the Premier Merchandise Partner for the 2003 U.S. Women's Open Championship at Pumpkin pumpkin, common name for the genus Cucurbita of the family Cucurbitaceae (gourd family), a group that includes the pumpkins and squashes—the names may be used interchangeably and without botanical distinction. C. Ridge Golf Course. The Championship will be played on July 3rd through the 6th on the Witch Hollow course. Ashworth will be supplying the entire 2000 Marshal and General Volunteer uniforms for the U.S. Women's Open. Ashworth has designed these uniforms especially for this event. Ashworth will also be the exclusive provider of the Merchandise Pavilion Fixture Program. This program entails providing a 7,000 square foot layout of fixtures and interior design for the Pavilion. The Ashworth brand will be represented in the majority of the product sold in the pavilion. Pumpkin Ridge, located in North Plains, Ore., has hosted a variety of USGA USGA United States Golf Association USGA Uhren & Schmuck Gassner (Germany) USGA US Global Nanospace Inc. (stock symbol) USGA Undergraduate Student Government Association Championships and will host the U.S. Senior Open in 2006. Ashworth is proud to continue the relationship with the USGA and with the Pumpkin Ridge Golf Club Pumpkin Ridge Golf Club is a private golf club located northwest of Portland, Oregon, United States, in Washington County, Oregon. The 36 hole, award winning club is just north of North Plains and has played host to several major golf tournaments including hosting the United . It is the goal of this partnership to continue to support the growing segment of Women's golf and to take the Merchandise Pavilion to the next level. Ashworth Inc. is a 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" . 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 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. 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 Apparel Licensee of Callaway Golf Co. To learn more, please visit our Web site at www.ashworthinc.com. 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, 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 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 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, 2002. |
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