| An SI Board Since February 1998 |
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GOFR |
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trader
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Worldwide Golf a Hit at the PGA Golf Show in Orlando, Fla.
Business Wire - February 03, 1998 10:12
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ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 3, 1998--PGA golf professionals, and many of the golf-industry buyers at the largest golf show in the world, were generous with their praises and acceptance of Worldwide Golf's (OTC/BB:GOFR) products: GolfJack, a patented golf-training and practice device, and American Turf, which is showcased at three of the top 10 driving ranges in the United States. Worldwide Golf also signed PGA Master Professional and 1991 PGA of America Teacher of the Year Michael Hebron to endorse the GolfJack, following Hebron's praise of ''finally providing a product that brings the golf course to the practice tee.'' GolfJack is a state-of-the-art, patented golf-training and practice device that will ''revolutionize the driving range,'' allowing the user to create any type of uphill, sidehill and downhill lie. Showcased along side the GolfJack at the PGA Golf Show was American Turf's new tee line turf and range turf material. American Turf is one of America's largest and fastest growing suppliers of synthetic turf to driving-range facilities. Worldwide Golf anticipates this subsidiary to grow in leaps and bounds to become No. 1 in the synthetic-turf industry, thereby providing the company a substantial gain to the bottom line. A spokesman for American Turf stated: ''People are becoming more aware of the advantages of synthetic turf, and the amount of our orders are definitely reflecting this attitude.'' Synthetic turf solves several environmental concerns in that it does not require water, pesticides or fertilizer. The company also announced the acquisition of three golf driving ranges and family-entertainment centers in central Florida. These acquisitions fulfilled 50 percent of the company's conservatively projected schedule of six driving ranges in 1998, and moved Worldwide Golf into the top 10 range owners in the country, according to The Golf Range and Recreation Association of America. A spokesman on hand at the show stated: ''Revenues on these newly acquired facilities will increase total company first-quarter revenues by approximately 50 percent.''
CONTACT: Worldwide Golf Resources Inc.
Todd S. Ream, 702/866-5880
gofr@gofr.com
gofr.com
Ive heard this company has 13,000,000 million shares outstanding and has assets of $27 million and very little debt. Strange to see it at $1 per share. Any comments?
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