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CHARTER GOLF ANNOUNCES GROWTH STRATEGIES

 CARLSBAD, Calif., Oct. 19 /PRNewswire/ -- Gerald W. Montiel, chairman and chief executive officer of Charter Golf Inc. (NASDAQ: CGOL) announced today that Richard H. Werschkul has been named to the new position of chief operating officer and president. Montiel stated, "As we prepare for fiscal 1994, this allows me to focus my full-time efforts on planning the strategies, structure and financing needs for our continued aggressive growth. We have a lot on our plate, such as the continued growth of our Ashworth line, both domestically and internationally, the introduction of our new Harry Logan line and our new Hat Factory."
 "Rich is a proven professional manager who is a great asset to our company in the day-to-day details of running our business," said Montiel.
 Wershkul has been vice president of Marketing and Sales for Charter Golf for approximately two years. Prior to joining Charter Golf he was president and chief operating officer of Taylor Made Golf Co. He was also previously the vice president of Nike for seven years.
 Montiel also announced that the board of directors will recommend to shareholders to change its corporate name from Charter Golf Inc. to Ashworth Inc., which will be submitted for approval at its next annual meeting, presently scheduled for March 1994. "Concentrating our advertising and marketing efforts on the Ashworth name," said Montiel, "Will produce a more focused and efficient use of corporate resources in expanding and existing product lines, as well as new products and brands."
 Montiel added that business remains very strong. Sales bookings for the 1994 spring season are running ahead of last year by over 45 percent.
 Charter Golf Inc. is the Southern California-based designer and manufacturer of Ashworth golf apparel which has achieved dramatic growth in sales and earnings since 1988.
 -0- 10/19/93
 /CONTACT: Gerald Montiel, chairman and CEO of Charter Golf, 619-438-6610; or James K. White of Kehoe, White, Savage & Co., 310-437-0655/
 (CGOL)


CO: Charter Golf Inc. ST: California IN: TEX SU: PER

LM-NY -- SD003 -- 3752 10/19/93 08:37 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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