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CHARTER GOLF ANNOUNCES DISTRIBUTION AND LICENSING AGREEMENT WITH MAJOR JAPANESE TRADING COMPANY

 CARLSBAD, Calif., Dec. 15 /PRNewswire/ --- Gerald W. Montiel, president and chief executive officer of Charter Golf Inc. (NASDAQ: CGOL), today announced that the company had entered into a multiyear distribution and licensing agreement with NISSHO IWAI, a major Japanese trading company to market the company's Ashworth golf apparel in Japan.
 Montiel stated, "The Japanese market should represent 8-10 percent of Charter Golf's total sales volume in fiscal 1993."
 Under terms of the distribution agreement Charter Golf will export a majority of its line to Japan for sale to better department stores, specialty retailers and golf and pro shops. In addition, Charter Golf has signed a trademark royalty agreement with NISSHO IWAI for certain miscellaneous items not manufactured in the United States but popular in Japan.
 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, principally due to rising demand for its innovative line of U.S.-made men's and women's golfwear. In addition to building market share in the United States, Charter Golf has positioned itself to secure a meaningful share of the lucrative European and Japanese golf markets.
 -0- 12/15/92
 /CONTACT: Gerald Montiel, president and CEO of Charter Golf, 619-438-6610; or James K. White of Kehoe, White, Savage & Co., 310-437-0655, for Charter Golf/
 (CGOL)


CO: Charter Golf Inc.; NISSHO IWAI ST: California IN: TEX SU: LIC

KJ -- SD004 -- 7053 12/15/92 09:00 EST
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Date:Dec 15, 1992
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