Feel Golf Company, Inc. announced that it had successfully completed the acquisition of Pro Line Sports effective Feb. 11, 2011.
Lee Miller, Chairman and CEO of Feel Golf, stated, “With this acquisition, we believe Feel Golf strengthens its position as a fully-integrated golf company, offering high quality and unique products that have leading market positions in several golf categories.”
“With our planned relocation during the first quarter to Florida, we should be able to significantly lower our operational costs. And with the multiple synergies that exist between the two companies, we expect to be able to take advantage of increasing productivity and expanding sales and distribution channels. We expect combined annual revenues to be approximately two million dollars ($2,000,000) and anticipate becoming profitable and cash flow positive no later than the fourth quarter of this year. Our presence and sales at the PGA show in late January was very encouraging for not only us, but the entire golf industry with reported attendance 14% higher year over year,” stated Miller.
Jim Light, President of Pro Line Sports, commented, “We are very pleased to become a part of Feel Golf. Lee and his team have put together a business plan that is committed to expanding globally. I am confident that the combined companies will serve all customers very well and allow for more high quality & unique product offerings.”
Established in 1996, Pro Line Sports, Inc., set out to market a patented golf ball retriever and to become the established leader within the golf industry. Over the past six years, the “Made in America” IGOTCHA Golf Ball Retriever has reportedly become the Number One Selling Golf Ball Retriever in America. Currently, Pro Line has over twenty-six hundred active accounts in America including all major golf retailers as well as golf shops and country clubs throughout the nation.
Feel Golf Company manufactures and markets golf clubs worldwide including its award winning wedges.
