LiquidGolf Holding Corporation has executed a Letter of Intent to develop the golf equipment and apparel strategy for Youngor Group's 160 retail stores in China, and the distribution of Youngor Golf products in North America, Europe and South America.
“LiquidGolf and Youngor Group intend to provide the largest consumer market in the world with their fast-growing love for the game of golf, top- quality golf equipment and apparel. Youngor's massive distribution channel of over 160 retail stores across China will deliver instant market penetration,” said Dwain Brannon, LiquidGolf chairman and CEO. “LiquidGolf will provide management for equipment and apparel product offerings, retail and e-tail operations, and utilize Youngor's distribution network to deliver products to consumers throughout China.
“Youngor will build a design team to develop world-class golf apparel for distribution in North America, South America and Europe. LiquidGolf will build the distribution channels for these products,” said Mr. Brannon.
The Letter of Intent, which was executed by both parties, provides for the negotiation of the final terms, is non-binding on both parties and subject to the completion of due diligence, considered normal and customary in transactions of this type.
