Quadrax at the PGA Merchandise Show
National Long Drive Champion to Represent Company
PORTSMOUTH, R.I., Jan. 29 /PRNewswire/ -- Quadrax Corp Chairman and Chief Executive,
James J. Palermo, commenting on the Company's recent exhibit at the PGA Merchandise Show in
Orlando, said, "This was the first time we unveiled our full line of new Thermo-Plastic(TM) golf
shafts and the results were very encouraging. We received confirmation from club manufacturers of
what we had learned through our own extensive testing of the shafts, namely, that the
Thermo-Plastic(TM) golf shaft was the most accurate shaft they had used and that it had the best
feel of any shaft on the market. The shaft has been tested mechanically as well as by professional
and amateur golfers, and we're shipping them to a number of club manufacturers. We aren't
permitted to identify the club manufacturers, since they're now in the process of formulating their
marketing programs for the new shafts. We also received a re-order from Golfsmith International,
who is the exclusive distributor of the Thermo-Plastic(TM) golf shaft to the custom club market."
The Company also announced that Darryl Anderson, the 1994 United States Open Long Drive
champion, has been engaged by Quadrax to promote the Thermo- Plastic(TM) golf shaft. Mr.
Palermo said, "Darryl approached us at the PGA Show and asked to test the shaft at a practice
range using a number of different golf club heads from leading manufacturers. Afterwards, Darryl
said that he had 'always hit the ball far' but that using the Thermo-Plastic(TM) golf shaft improved
his accuracy 'beyond my wildest expectations.' Darryl will be representing Quadrax this year on
the Power Long Drive Tour (PLTD) and at various exhibitions throughout the country. We
continue to be optimistic about the prospects for our products in the $400-plus million market for
golf shafts and believe we will experience continual commercial acceptance as the compelling
qualities of this technology become more recognized."
Quadrax Corporation produces thermoplastic composite materials using its proprietary fabrication
and manufacturing processes for a wide range of high- performance commercial and consumer
products.
Statements made herein that are forward-looking in nature within the meaning of the Private
Securities Litigation Reform Act of 1995 are subject to risks and uncertainties that could cause
actual results to differ materially. Such risks and uncertainties include, but are not limited to, those
related to business conditions and the financial strength of the sporting goods industry, particularly
for golf and golf-related products, the level of consumer spending for such products, the ability of
the Company to successfully manufacture its products, finance such production and the success of
advertising, marketing and promotional campaigns.
NOTE: Quadrax's latest news releases are available at no charge by dialing 1-800-758-5804, ext.
728452, or at prnewswire.com on the Internet. SOURCE Quadrax Corporation |
