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1 MILLION ROYAL GRIP INITIAL COMMON SHARES OFFERED AT $12 PER SHARE

 SCOTTSDALE, Ariz., Sept. 22 /PRNewswire/ -- William Blair & Company, manager of the underwriting group, announced today the initial public offering of 1 million shares of Royal Grip, Inc. common stock at $12 per share. Of these shares, 800,000 are being sold by the company and 200,000 are being sold by selling stockholders. If the over-allotment option is exercised in full, 150,000 additional shares will be sold by the company.
 Net proceeds to the company will be used to fund the distribution of previously undistributed income and for general corporate purposes.
 The common stock of Royal Grip, Inc. will trade on the NASDAQ National Market System under the symbol GRIP.
 Headquartered in Scottsdale, Royal Grip, Inc. is a leading designer and manufacturer of high-quality, premium-priced golf grips. Royal Grip, Inc. was founded and is headed by Danny Edwards, a five-time PGA Tour winner. The company's grips feature an enhanced, "tacky" feel, distinctive appearance and superior durability. Since their introduction, Royal Grip golf grips have gained substantial acceptance on the PGA Tour. The company sells its products to the golf grip replacement market and to golf club manufacturers.
 This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 9/22/93
 /CONTACT: Danny Edwards, chairman, CEO and president of Royal Grip, Inc., 602-451-8188; or Kelley Drake of William Blair & Company, 312-236-1600/
 (GRIP)


CO: Royal Grip, Inc. ST: Arizona IN: SU: OFR

JG -- DE028 -- 4914 09/22/93 17:42 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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