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COBRA GOLF INC. ANNOUNCES INITIAL PUBLIC OFFERING

 CARLSBAD, Calif., July 30 /PRNewswire/ -- Cobra Golf Inc. today filed a Registration Statement with the Securities and Exchange Commission, relating to an initial public offering of 3,250,000 shares of common stock, of which 1,750,000 shares are being offered by the company and 1,500,000 shares are being offered by stockholders of the company. 2,600,000 shares are initially being offered in the United States and 650,000 shares are initially being offered internationally. Lehman Brothers and A.G. Edwards & Sons are acting as managers for the offering.
 Cobra designs, manufactures and markets high-quality golf clubs principally for the premium-priced game-improvement segment of the golf equipment market, including full sets of oversize clubs marketed under the King Cobra name.
 A portion of the proceeds to the company from the offering will be used to repay bank debt.
 A Registration Statement relating to the these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press 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.
 Copies of the preliminary prospectus, when available, covering the offering may be obtained from Shearson Lehman Brothers Inc., American Express Tower, World Financial Center, New York, NY 10285, or A.G. Edwards & Sons, One North Jefferson, St. Louis, MO 63103.
 -0- 7/30/93
 /CONTACT: David Schaefer, CFO, or Jo Ann Velarde, director-public relations of Cobra Golf, 619-929-0377/


CO: Cobra Golf Inc. ST: California IN: SU: OFR

BP-JB -- SD003 -- 7741 07/30/93 12:24 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:316
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