Ashworth, Inc. (NASDAQ:ASHW), a leading designer ofgolf-inspired lifestyle sportswear and golf apparel, today announcedthat Team Ashworth member Chris DiMarco shot a 5-under 67 Sunday toovertake third-round leader Henrik Stenson and win the Abu Dhabi GolfChampionship in ABU DHABI, United Arab Emirates.
DiMarco, 37, is a member of Team Ashworth, a roster of tour prosled by Team Captain and CBS broadcaster Jim Nantz and including FredCouples, Stuart Appleby, Rich Beem, and Steve Flesch. Team Ashworthpros wear Ashworth(R) brand apparel.
DiMarco picked up three shots on the first two holes of the day,with a birdie at the opening hole and then followed up with aspectacular eagle on the par-5 second. DiMarco finished with a par onthe 18th hole to win the tournament by one stroke over Henrik Stenson.
"This is four years to the month that I have not been in thewinner's circle," DiMarco said. "I just played good, solid golf allweek."
Chris Demirjian, Director of Sports Marketing, commented, "It wasgreat to see DiMarco in the winner's circle again; he's been so closein the past few years with being runner up in the 05 Masters and 04PGA Championship. This victory was long overdue and is a great way forDiMarco to start the Tour Season off."
Randall L. Herrel, Sr., Chairman and Chief Executive Officer,commented, "Congratulations to Chris DiMarco from everyone at Ashworthon this victory. It's a great start for Global Team Ashworth withAppleby's win at The Mercedes and DiMarco's win over the weekend."
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.