31.08.2005 23:45:00
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Ashworth, Inc. to Webcast Review of Third Quarter Results
The call will be broadcast live over the Internet on Thursday,September 1, 2005 at 4:30 p.m. Eastern Time and can be accessed byvisiting the Company's investor information page atwww.ashworthinc.com. Randall Herrel, Chairman and Chief ExecutiveOfficer, and Peter Case, Senior Vice President Finance and InterimChief Financial Officer, will host the call.
An online archive of the broadcast will be available after thecompletion of the call and will be accessible on the Company's websiteuntil September 10, 2005. Additionally, a telephone replay will beaccessible until September 3 at midnight Eastern Time by calling1-877-519-4471 or 1-973-341-3080 for international callers; enterconference ID 6439263.
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 may contain forward-looking statements relatedto the Company's market position, finances, operating results,marketing plans and strategies. Readers are cautioned not to placeundue reliance on these forward-looking statements, which speak onlyas of the date hereof. The Company undertakes no responsibility topublicly release 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, 2004 and quarterly reports on Form 10-Q filed thereafter.
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