Ashworth, Inc. (NASDAQ:ASHW), a leading designer ofgolf-inspired lifestyle sportswear and golf apparel, today announcedit has expanded the Ashworth team of PGA Tour professionals with theaddition of Nick Watney.
Prior to joining the PGA Tour in 2005, Watney, 25, was athree-time NCAA All-American and WAC Player of the Year whileattending Fresno State University. In 2004, Nick won the NationwideTour Championship tournament earning him playing rights on the PGATour in 2005. Currently, Nick is ranked 67th on the PGA Tour moneylist and has 5 Top 25 finishes for the 2006 tour season.
"While playing junior, high school and collegiate golftournaments, I've always idolized Fred Couples and still do to thisday. I'm very excited and honored to be associated with a clothingbrand like Ashworth that is committed to both style and performance,"commented Nick Watney.
"We are thrilled to add Nick to our roster of tour players,"commented Chris Demirjian, Director of Sports Marketing. Nick's adynamic, admired, and socially conscious player whose lifestyle andcommitment to the game is a perfect fit to the Ashworth brand:commitment to excellence and innovation, and passion for life. Alwaysauthentic."
Nick Watney along with Fred Couples, Stuart Appleby and ChrisDiMarco will be used extensively in 2006 and 2007 to promote the"Perfect Ashworth Foursome" consisting of an assortment of fourexclusive product launches scheduled for late 2006.
Ashworth, Inc. is a designer of men's and women's golf-inspiredlifestyle sportswear distributed domestically and internationally ingolf pro shops, resorts, upscale department and specialty stores andto corporate customers. Ashworth products include three main brandextensions. Ashworth Collection(TM) is a range of upscale sportsweardesigned to be worn on and off course. Ashworth Authentics(TM)showcases popular items from the Ashworth line. Ashworth WeatherSystems(R) utilizes technology to create a balance between fashion andfunction in a variety of climatic conditions. Callaway Golf is atrademark of Callaway Golf Company. Ashworth, Inc., 2765 Loker AvenueWest, Carlsbad, CA 92008 is an Official Licensee of Callaway GolfCompany.
In July 2004, Ashworth, Inc. acquired Gekko Brands, LLC ("Gekko"),a leading designer, producer and distributor of headwear and apparelunder The Game(R) and Kudzu(R) brands. This strategic acquisitionprovides opportunity for additional growth in three new, qualitychannels of distribution for the Ashworth(R) and Callaway Golf apparelbrands as well as further growth from The Game(R) and Kudzu(R) brands'sales into the Company's three current distribution channels. TheGame(R) brand products are marketed primarily under licenses to over1,000 colleges and universities, as well as to the PGA TOUR, resorts,entertainment complexes and sporting goods dealers that serve the highschool and college markets. The Game(R) brand is one of the leadingheadwear brands in the College/Bookstore distribution channel. TheKudzu(R) brand products are sold into the NASCAR/racing markets andthrough outdoor sports distribution channels, including fishing andhunting.
To learn more, please visit our Web site at www.ashworthinc.com.
This press release contains forward-looking statements related tothe Company's market position, finances, operating results, marketingplans and strategies. Readers are cautioned not to place unduereliance on these forward-looking statements, which speak only as ofthe date hereof. The Company undertakes no responsibility to publiclyrelease the results of any revisions to these forward-lookingstatements that may arise from changing circumstances or unanticipatedevents. These statements involve risks and uncertainties that couldcause actual results to differ materially from those projected. Theserisks include the timely development and acceptance of new products,as well as strategic alliances, the integration of the Company'srecent acquisition, the impact of competitive products and pricing,the success of the Callaway Golf apparel product line, the preliminarynature of bookings information, the ongoing risk of excess or obsoleteinventory, the potential inadequacy of booked reserves, the timelycompletion and successful operation of the new distribution facilityin Oceanside, CA, and other risks described in Ashworth, Inc.'s SECreports, including the annual report on Form 10-K for the year endedOctober 31, 2003 and quarterly reports on Form 10-Q filed thereafter.