Ashworth Inc. Named Official Supplier of Volunteer Uniforms for the Colonial Golf Tournament.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--May 21, 2003 Ashworth Inc. (Nasdaq:ASHW), a leading designer of sportswear and golf apparel, today announced it was awarded the contract as the official supplier for all of the volunteer uniforms at The Colonial, a major PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. event. The tournament will be played at the famous Colonial Country Club Colonial Country Club is a private golf club in Fort Worth, Texas (USA). It is host to an annual PGA Tour event. It is the longest running PGA Tour event to be held at the same site. , Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. from May 22nd through May 25th. Ashworth designed the special uniforms specifically for this event. Ashworth will also be the leading apparel vendor in the official merchandise tent. This tournament will be a history-making event with significant media coverage and the Ashworth brand will be an important part of it. Annika Sorenstam, a leading player on the LPGA LPGA abbr. Ladies Professional Golf Association Tour, will be playing in this PGA event. She is the first woman in 58 years to do so. The last was Babe Zaharias who played in the L.A. Open in 1945. The Colonial is the longest running tournament held at the same site on the PGA Tour The PGA Tour is an organization that operates the USA's main professional golf tours. It is headquartered in Ponte Vedra Beach, Florida, USA. Its name is officially rendered in all caps as “PGA TOUR". and Ashworth continues to support this event as well as the host club. 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. Ashworth products include four 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. Ashworth 7(TM) addresses the demand for business casual sportswear. 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, Calif. 92008 is an Official Licensee of Callaway Golf Co. To learn more, 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 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 and Form 10-Q's filed thereafter. |
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