Adams Golf plans to acquire certain assets of Women's Golf Unlimited, including the trademarks, internet domain names and customer lists for the Square Two Golf and Lady Fairway brands. The acquisition is subject to certain conditions, including the approval of Women's Golf Unlimited shareholders. The closing is expected to occur in the first quarter of 2007.
“We have grown our women's club business significantly over the past two years and believe that we will further that growth via a multi brand strategy,” stated Mr. Chip Brewer, CEO and President of Adams Golf. “Concurrently with this acquisition, we will form a separate business unit to concentrate our focus on this important category. The Women's Golf Unlimited brands will remain separate and distinct in the consumer's eye, but benefit from Adams Golf's overall corporate resources. Both the Adams Golf women's products and the Women's Golf Unlimited brands should benefit from this incremental focus and resources.”