Ashworth recently released its year-end statement, and for the most part, it was the usual yada-yada about company efforts to reduce costs and increase sales. Buried at the bottom, however, was an interesting tidbit.
The Company recently signed a contract with the United States Golf Association (“USGA”) to serve as the lead apparel vendor for the U.S. Open for the 2006 through 2009 seasons. This achievement represents an unprecedented second term agreement with the USGA following the initial four year term in which Ashworth captured lead apparel vendor status for the U.S. Open in the years 2001-2004. For the 2005 U.S. Open at Pinehurst Resort, Ashworth and the Pinehurst Resort team fielded the largest merchandise pavilion in the 105 year history of the U.S. Open at 38,000 square feet.
I also did not realize that Ashworth produces the Callaway line of golf clothing.