Brassie Golf Corporation announces new course design contracts.TAMPA, Fla.--(BUSINESS WIRE)--Oct. 8, 1996--BRASSIE GOLF CORPORATION (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 Symbol: PUTT) today announced its Hale Irwin Hale S. Irwin (born June 3, 1945) is an American golfer. He is the uncle of Heath Irwin. Irwin was born in Joplin, Missouri. He graduated from the University of Colorado in 1967, where he was a two-time All-Big Eight defensive back, as well as an academic All-American in Golf Design division has entered into agreements to design two 18- hole Hale Irwin Signature golf courses. Each of the golf courses is part of a planned development community. The first design is for Cross Creek Cross Creek may refer to:
Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. . Bill Horne, 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 Brassie, said, "We are extremely excited about the future of our Design division. With the addition of these two projects we anticipate our design division's revenues to exceed our 1997 projections and contribute to Brassie's overall earnings. The increased exposure of our Hale Irwin Golf Design division is a direct reflection of Hale Irwin's designs continuing to be well received by golf course developers and Hale's continued success on the Senior PGA Tour." Mr. Horne concluded, "This is a very positive step in our overall business strategy for 1997. Our plan has been to place major emphasis on our design division and it is apparent that we will outperform this year's original projections for the design division." Brassie Golf Corporation and its Hale Irwin Golf Design division are engaged in the acquisition, design, construction, operation and management of private, semi- private, resort and daily-fee (i.e., "public") golf courses. Brassie's portfolio of owned and managed courses in 10 states has become one of the largest in the industry and the second largest among U.S. publicly-held companies. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including, but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumer preferences and trends, weather conditions and other risks detailed in the Company's Securities and Exchange Commission fillings. CONTACT: IR Contact: Company Contact: Jason Thompson William Horne Lippert/Heilshorn & Associates President and CEO (212) 838-3777 (813) 621-4653 |
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