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NGF APPOINTS GEORGE FELLOWS TO BOARD

December 8, 2005

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Jupiter, Fla. – NGF announces the appointment of George Fellows, president and chief executive officer of Callaway Golf Company, to its board of directors. The appointment is for three years. Before taking the reins at Callaway, Fellows had operated his own consulting business in New York since 2000 where he advised major American financial companies Investcorp and JPMorgan Partners. Prior to 2000, he was president and CEO of Revlon, Inc., and he continues to serve on the board of VF Corporation.

NGF’s board of directors represents the full spectrum of the golf industry, including manufacturing, associations, golf course financing, golf retail, golf media, and golf course management and operations.

NGF Board of Directors:

Mark King (chairman), president & CEO, TaylorMade-adidas Golf

Jim Connor (vice chairman), president, FootJoy

Stephen F. Mona (secretary/treasurer), CEO, GCSAA

Joe Louis Barrow Jr., senior vice president – national director, The First Tee

Cindy Davis, U.S. general manager, Nike Golf

George Fellows, president & CEO, Callaway Golf Company

Jerry Hinckley, national sales director, Textron Financial Corporation

Greg Hopkins, president/CEO, Cleveland Golf

James Kahn, vice president, national equipment sales, The Golf Digest Companies

David Pillsbury, COO of the TPC Properties, PGA TOUR

Gary Schaal, Principal, Cannon Ridge Golf Club

Jim Thompson, president & CEO, Golfsmith International

About the NGF

The National Golf Foundation, founded in 1936, is the industry leader in providing accurate information and insights on the business of golf. Based in Jupiter, Fla., the NGF serves many constituencies in the golf industry including equipment manufacturers; builders and developers; facilities and ranges; course architects; retailers; turf maintenance suppliers; golf associations and the media. For more information, visit www.ngf.org.

Contact:
Jim Kass

jkass@ngf.org

561-744-6006

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