Carbite Golf Inc. Announces Sales for the Third Quarter Ended September 30, 1998 Were Highest in Company's History.SAN DIEGO--(BUSINESS WIRE)--Oct. 8, 1998-- Carbite Golf Inc. (the "Company") announced today that sales for the third quarter ended September 30, 1998 were the highest in the company's history. Preliminary numbers indicates sales of approximately $6,250,000 for the quarter and just over $12,000,000 year to date. The Company is riding the crest of record breaking sales of its family of Polar Balanced Putters. These putters were introduced to the market with a very successful infomercial in·fo·mer·cial also in·for·mer·cial n. A relatively long commercial in the format of a television program. [info(rmation) + (com)mercial.] Noun 1. which has created a strong brand awareness. Sales in traditional retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → have been very strong as well. Despite the "soft" economy in Japan, Carbite has also shipped several thousand putters there since July to meet increasing demand. Carbite Technology is based on advanced powder metallurgy powder metallurgy Fabrication of metal objects from a powder rather than casting from molten metal or forging at softening temperatures. In some cases the powder method is more economical, as in making metal parts such as gears for small machines, in which casting would , which allows molecular bonding of dissimilar materials. The patented technology permits golf club designs with a "material advantage" that dramatically increases putter moment of inertia inertia (ĭnûr`shə), in physics, the resistance of a body to any alteration in its state of motion, i.e., the resistance of a body at rest to being set in motion or of a body in motion to any change of speed or change in direction of and maintains optimum backspin back·spin n. A spin that tends to retard, arrest, or reverse the linear motion of an object, especially of a ball. backspin Noun Sport for wedges and irons. The Carbite product line includes Polar Balanced Putters, Carbite Woods, Gyroseven Utility Wood, Diatanium Wedges, Check Mate Wedges and Putters, Viper Bite Wedges and Irons. For more information, contact: Carbite Golf, 6330 Nancy Ridges Dr., Suite 107, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA 92121. Tel 619-625-0065 or fax 619-625-0752. This Press Release was prepared on behalf of the Board of Directors which accepts full responsibility for its contents. ON BEHALF OF THE BOARD "Michael Spacciapolli" MICHAEL SPACCIAPOLLI, President and Director For further information, please contact: Lewis, England & Associates, Inc. Phone: (501) 376-0222/Fax: 376-6690 US/CAN: 1-888-376-3900 OR Martyn Element & Associates Corporate and Project Finance Limited Phone: (604) 687-6820/Fax: 687-6328 US/CAN: 1-800-505-5655 THE VANCOUVER STOCK EXCHANGE Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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