TearDrop Golf Company To Merge With Gen-X Sports, Inc.

Business Editors/Sports Writers

CHICAGO--(BUSINESS WIRE)--Oct. 18, 2000

TearDrop(R) Golf Company (NASDAQ: TDRP), announced today that it has executed a Term Sheet with Gen-X Sports, Inc. providing for a merger of TearDrop with Gen-X Sports, Inc. The proposed transaction provides for the shareholders of Gen-X to be issued 160 million TearDrop shares and for Gen-X to contribute M$10 of additional funding to the combined company. The transaction will be subject to, among other things, due diligence, the negotiation of definitive agreements, transaction financing and approval of the shareholders of TearDrop Golf Company. Upon closing the transaction the company intends to effect a 1 for 15 reverse stock split.

Rudy Slucker, Chairman and Chief Executive Officer of TearDrop, stated - "This transaction provides the funding for TearDrop to continue to build on our world class brands which include Tommy Armour(R) and RAM(R), and TearDrop putter ROLL-FACE(TM) Technology."

Gen-X Sports, initially formed in 1991 with current sales expected to exceed M$100 USD for fiscal 2000, is positioned as one of the world's leading entrepreneurial sporting goods company and has two separate and distinct business divisions operating on one business platform. Its branded division includes snowboards, skateboards and this year's popular scooters under the Oxygen Brand. Additionally, Gen-X operates in the field of branded excess inventory representing the world's leading sporting goods suppliers.

James Salter, Chief Executive Officer of Gen-X Sports, Inc. said - "I am very excited about the merger of Gen-X and TearDrop. TearDrop has made tremendous gains in the world of golf based on its technology. Gen-X's sales, marketing, financial and management expertise provide TearDrop the opportunity to realize its full potential going forward."

Gen-X Sports, Inc. is headquartered in Toronto, Canada with offices in California and Switzerland.

For TearDrop Golf Company, contact Rudy Slucker at [phone] or facsimile at [phone].

For Gen-X Sports, Inc., contact Kenneth J. Finkelstein at [phone] or facsimile at [phone].

The distribution of securities in the proposed merger shall only occur pursuant to the terms of a Registration Statement to be filed with the Securities and Exchange Commission. No offer or sale of these securities shall commence until this Registration Statement has been declared effective by the Securities and Exchange Commission, and until these securities are registered or qualified for registration under the securities laws of any state in which an offer or solicitation will be made.

The TearDrop(R) Golf Company (www.teardropgolf.com) is the leading manufacturer of premium putters using ROLL-FACE(TM) Technology. TearDrop's wholly owned subsidiaries, Tommy Armour(R) Golf (www.armourgolf.com) and RAM(R) Golf (www.ramgolf.com), are two of the world's finest manufacturers of golf clubs and accessories. TearDrop is also the exclusive North American distributor of Walter Genuin(R) (www.waltergenuin.com) golf shoes. Additionally, TearDrop Golf Company owns the TearDrop Professional Golf Tour (www.teardroptour.com), one of the premier developmental golf tours in the world, which consists of venues for aspiring professionals across the U.S.

Except for the historical information contained herein, this news release contains forward-looking statements with respect to, among other things, the Company's market plan, its future performance the future performance of Gen-X, the growth of the business of TearDrop and the business of Gen-X, which involve risks and uncertainties, including the acceptance and pricing of new and existing products, the ability to obtain inventory and process, manufacture and ship products, general economic conditions as they affect the customers of TearDrop and Gen-X, the Company's substantial indebtedness and debt service obligations, the continuing acceptance by customers of shipments under outstanding orders, dependence upon endorsements, increased marketing costs, the seasonal nature of the business of both Companies, as well as other risks detailed from time to time on TearDrop's SEC filings, including the report on Form 10-KSB for the year ended December 31, 1999 and the Form 10-Q for the period ended June 30, 2000. The proposed transaction is subject to various conditions that may not occur. No assurance can be given that the transaction will be closed, or if it closes, that investors in TearDrop will retain any level of value. The financial information with respect to Gen-X has been provided to TearDrop by Gen-X and has not been audited or verified independently. No assurance can be given that the sales of Gen-X will be as predicted or that they will remain at the stated level for any period of time.