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JACK NICKLAUS ANNOUNCES FORMATION OF NEW GOLF EQUIPMENT COMPANY

 JACK NICKLAUS ANNOUNCES FORMATION OF NEW GOLF EQUIPMENT COMPANY
 NORTH PALM BEACH, Fla., Aug. 10 /PRNewswire/ -- Jack W. Nicklaus today announced the formation of the Nicklaus Golf Equipment Company, a multi-faceted golf equipment and accessories company. The Nicklaus Golf Equipment Company will be headquartered in South Florida and plans to begin production of equipment this fall.
 "I want to design original equipment, develop a line and create a unique brand," said Nicklaus, chairman of the Nicklaus Golf Equipment Company. "I have been testing equipment and considering business proposals for the past six months. Rather than simply endorse an existing company, I will develop and build a new equipment company consistent with my philosophies."
 Nicklaus has formed a partnership in the company with Nelson Doubleday. Nicklaus will begin testing newly designed equipment in August and the first line of Nicklaus clubs will debut at the 1993 PGA Merchandise Show. Research and technology development will be conducted in new facilities to be built in South Florida and scheduled to open in November. A national and international sales staff is already in place.
 Nicklaus owns Golden Bear International which develops and manages golf-and sports-related businesses. These businesses include Nicklaus Design, Golden Bear Sports Management, Jack Nicklaus Marketing Services, Jack Nicklaus Golf Operations, Jack Nicklaus Productions, Golden Bear Daily Fee Golf Course Development and Golden Bear Publishing.
 -0- 8/10/92
 /CONTACT: Beth Hardy, 404-434-2424, or Joe Hice, 813-287-8200, both of Fahlgren Martin Benito for the Nicklaus Golf Equipment Company/ CO: Nicklaus Golf Equipment Company ST: Florida IN: LEI SU:


JB-JJ -- FL008 -- 8570 08/10/92 14:01 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
Words:265
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