Key Events Honor Partners And Offer Media Preview
Carlsbad, Calif. – January 22, 2007 – Ashworth, Inc. (NASDAQ: ASHW), a leading designer of on-course golf apparel and golf-inspired lifestyle sportswear, today announced 3 exciting brand events for the 2007 PGA Show in Orlando Florida, January, 25-27.
In appreciation of Ashworth’s valued partnerships with golf’s premier clubs and resorts throughout the world, and in celebration of Ashworth’s 20th anniversary, Ashworth and the Golf Digest Company are proud to present ‘The Ashworth Global Partnership Event.’ The event will take place on Thursday, January 25, from 4:00 – 6:00 pm in Ashworth’s new exhibit booth #5863 in the apparel section of the show. Ashworth Inc. has been a strong supporter and participant in the PGA Show for 20 years and recently renewed the company’s commitment to the future success of the show by announcing the design and construction of two new exhibit booths for both Ashworth and Callaway Golf
apparel brands that will premiere in the January 2007 PGA Show.
In addition to an exclusive preview of the new F/H 2007 men’s and women’s collections, attendees will hear interviews with Golf Digest’s own Mr.
Style, Marty Hackel and Ashworth’s sale’s management and designers. Each attendee will also have the opportunity to view the complete F/H Collections in a walk-through format conducted by Ashworth sale’s management and sale’s representatives.
"In 2007, the Ashworth brand celebrates 20 years of support by our account partners and generations of golf participants around the world. We are very excited to have this opportunity to thank the industry, and communicate our direction and unwavering commitment in 2007 and beyond to the quality of the Ashworth brand," commented Gary Sims, President.
For our media partners, Ashworth Inc., in partnership with *CCG, a leading investor relations and strategic communications firm, will be presenting the global media events for both Ashworth and Callaway Golf apparel at the PGA Show in Orlando, FL. On Thursday, Jan. 25th 7:30 – 8:30 am Ashworth will provide an opportunity for the U.S. and international media partners to view the Ashworth F/H Collections in a walk-through format conducted by management and designers. Callaway Golf Apparel will conduct a similar event the following morning in booth # 7177 from 7:30 – 8:30 am. This will be a great opportunity to preview the new collections, ask questions and gain insight from management concerning the Company’s strategic direction and commitment to the core golf channel.
*CCG, Investor Relations and Strategic Communications, offices in: Los Angeles, New York, Israel, Hong Kong and Beijing. For additional information about these events, please contact Sean Collins at: (818) 789-0100 (15300 Ventura Boulevard, Suite 303 Sherman Oaks, California 91403-5866) Leading Global IR Firm with offices in Los Angeles, New York, Israel, Hong Kong and Beijing A Leading Global IR Firm with offices in Los Angeles, New York, Israel, Hong Kong and Beijing
About Ashworth, Inc.
Ashworth, Inc. (NASDAQ: ASHW) – is a leading designer of men’s and women’s golf-inspired lifestyle sportswear distributed domestically and internationally in golf pro shops, resorts, upscale department and specialty stores and to corporate customers. Ashworth’s three market-leading brands include: Ashworth Collection (TM), a range of upscale sportswear designed to be worn on and off course; Ashworth Authentics (TM), which showcases popular items from the Ashworth line; and Ashworth Weather Systems®, a technical performance line. Ashworth is also an Official Apparel Licensee of Callaway Golf Company.
Ashworth is also a leading designer, producer and distributor of headwear and apparel under The Game® and Kudzu® brands. The Game is a leading headwear brand to collegiate bookstores and Kudzu products are sold into the NASCAR/racing markets and through outdoors sports distribution channels, including fishing and hunting. Ashworth is also the exclusive on-site event merchandiser for the Kentucky Derby.
For more information, please visit the Company’s Web site at www.ashworthinc.com.
Forward-Looking Statements
This press release contains forward-looking statements related to the Company’s market position, finances, operating results, marketing and business plans and strategies within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may contain the words "believes," "anticipates," "expects," "predicts," "estimates," "projects," "will be," "will continue," "will likely result," or other similar words and phrases.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, changed circumstances or unanticipated events unless required by law. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the uncertainties associated with implementing a successful transition in executive leadership, the evaluation of strategic alternatives that may be presented, timely development and acceptance of new products, as well as strategic alliances, the integration of the Company’s acquisition of Gekko Brands, LLC, the impact of competitive products and pricing, the success of the Callaway Golf apparel product line, the preliminary nature of bookings information, the ongoing risk of excess or obsolete inventory, the potential inadequacy of booked reserves, the successful operation of the new distribution facility in Oceanside, CA, the successful implementation of the Company’s ERP system, and other risks described in Ashworth, Inc.’s SEC reports, including the annual report on Form 10-K for the year ended October 31, 2006, quarterly reports on Form 10-Q filed thereafter and amendments to any of the foregoing reports.
Contact:
James B. Hayes – Chairman
(760) 929-4644
Peter M. Weil – CEO
(760) 929-4509
Gary Sims – President
(760) 929-4514
Peter Holmberg – EVP GG Sales / Merchandising
(760) 929-4686
