Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Gary Player Golf Plan To Acquire Pureflight Golf

Gary Player Golf Announces Plans To Acquire Pureflight Golf
Company, Inc.

MEDIA RELEASE FROM GARY PLAYER GOLF.COM


PALM BEACH GARDENS, Fla., Feb. 1 /PRNewswire-AsiaNet/ -- Gary Player Golf.Com, Inc. (the "Company") announced today that it has entered into a letter of intent to acquire Pureflight Golf Company, Inc. ("Pureflight") for cash and shares of the Company's common stock.

Commenting on today's developments, Edward M. Tracy, President and Chief Executive Officer of the Company, stated, "We are very pleased to announce this transaction with Pureflight Golf. We believe that Pureflight's Purestroke Tour Series Putters(TM) are first-rate products with excellent sales results and tremendous potential. Our companies share the same customer base and we believe that Gary Player Golf will be able to achieve greater sales and a wider distribution for the Purestroke(TM) line without adding significantly to our overall costs of operation."

In commenting on the transaction, Rich Plante, Chief Executive Officer of Pureflight, stated, "This transaction allows the Purestroke(TM) putter line to achieve its enormous potential with golfers and top Tour Players world-wide. We have had a longstanding relationship with Mr. Player and have always been pleased with his sincere endorsement of the Purestroke(TM) line and his Purestroke Black Knight(R) blade model." On January 29, 2000, Gary Player won the 2000 Senior Skins Game in Hawaii with the Black Knight(R) model putter. The Black Knight(R) model is one of 5 high-quality 100% milled putters marketed during 2000 and join 4 new equally impressive models introduced at the 2001 PGA show, including a milled long putter.

Gary Player, the most successful international golfer of his
generation, stated the following regarding the transaction, "I am very pleased with the acquisition of Pureflight Golf and the
Purestroke Tour Series Putters(TM). I am impressed with Pureflight's attention to quality, detail and design with their
replication of my Black Knight(R) putter that I had played with for the past five decades. Quite simply, the Purestroke Tour Series Putters(TM) are the finest putting instruments in golf, and now they will be offered to our customers as a part of our line of products."

Completion of the acquisition is subject to the Company's due
diligence review of Pureflight and other conditions, including
execution of definitive agreements.

Gary Player Golf.Com is an international golf company formed
to manufacture, market and distribute premium men's and women's
golf equipment, apparel and accessories principally under the Gary Player and Black Knight(TM) brand through e-commerce, direct response television, direct mail sales and licensing.

Look for Gary Player products on the Company's web site at
www.garyplayergolf.com.

The statements in this press release relating to matters that
are not historical are forward-looking statements which involve
risks and uncertainties including, without limitation, economic
and competitive conditions in the market served by the Company
effecting the demand for the Company's products, product pricing, market acceptance, access to distribution channels, availability of new financing, and other risks detailed from time-to-time in the Company's press releases. These risks could cause actual results to differ materially from those anticipated and described herein.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news