Ashworth Inc. Official Clothing Sponsor for the Palmer Cup.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com CARLSBAD, Calif.--(BUSINESS WIRE)--May 29, 2001 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), announced it has been selected as the "Official Clothing Sponsor" for the Palmer Cup The Palmer Cup is an annual eight man team golf competition between American college golfers and European college/university golfers. It is named after Arnold Palmer. The teams are selected on the basis of nationality, not according to the location of the players' universities, and . This golf challenge is the collegiate equivalent of the Ryder Cup Ryder Cup Biennial team golf event first held in 1927. It was originally played between teams of golfers from the U.S. and Britain; since 1979 players opposing the U.S. have been chosen from all of Europe. The trophy was donated by the British seed merchant Samuel Ryder. , matching the top eight United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. collegiate players against the top eight Great Britain/Ireland collegiate players. The event is played June 27 and 28, at Baltustrol Golf Club's lower course in Springfield, N.J.. Ashworth will provide clothing for both of these teams throughout the event. This sponsorship of the Palmer Cup by Ashworth follows the recent announcement that the company has partnered with Golfweek to create The Golfweek/Ashworth Top 100, a new tournament for the nation's top junior golfers. In addition, Ashworth and Golfweek will co-sponsor the Ashworth Junior Classic at Quail Ranch in Moreno Valley Moreno Valley (mərē`nō), city (1990 pop. 118,779), Riverside co., S Calif., inc. 1984. In 1990, Moreno Valley was California's fastest-growing city, with a population increase of more than 300% between 1980 and 1990, but major reductions , Calif., from May 29 through June 1. Randy Herrel, chairman, president 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. of Ashworth Inc., commented, "Ashworth is committed to enhancing the experience of young golfers today and establishing long term relationships. We are proud to encourage and support junior and collegiate golf programs, as well as new participation in golf." 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. Ashworth products include four main brand extensions. Ashworth Collection is a range of upscale sportswear designed to be worn on and off course. Ashworth Authentics showcases the most popular items from the Ashworth line. Ashworth Weather Systems utilizes technology to create a balance between fashion and function in any climatic condition. Ashworth 7 addresses the demand for business casual sportswear. The Ashworth pedigree is now a lifestyle choice for consumers around the world. To learn more, 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 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, 2000. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.052901/bb17 |
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