OAKVILLE, Ontario, and CARLSBAD, Calif., Aug. 10 /PRNewswire/ -- The Royal
Canadian Golf Association and Callaway Golf Company (NYSE: ELY) jointly
announced today that they have mutually agreed to resolve their past
differences and dismiss a lawsuit filed in the Central District of California
in May of 2000. Each side will bear its own costs and attorneys fees; neither
side has sought blame for any wrongdoing.
RCGA Executive Director Stephen Ross and Callaway Golf President and CEO
Ron Drapeau released the following joint statement: "We have mutually agreed
that we can do more to benefit the game of golf in Canada by settling any past
differences and working more closely together going forward." In issuing this
statement, the RCGA and Callaway Golf have committed themselves to an open
dialogue on future partnerships that ultimately benefit Canadian golfers in a
spirit of cooperation and collaboration.
The RCGA, the governing body of men's amateur golf in Canada, determines
national policies and standards relating to the game on behalf of its almost
300,000 members. In addition to conducting Canada's six national amateur
championships, the RCGA also conducts three professional tournaments: the
Bell Canadian Open, the AT&T Canada Senior Open and the Bank of Montreal
Canadian Women's Open. Information about all RCGA events and programs can be
found on the Internet at http://www.rcga.org.
Callaway Golf Company makes and sells Big Bertha(R) ERC(R) II, Hawk Eye(R)
and Steelhead(TM) Metal Woods and Irons, Odyssey(R) Dual Force(R), White
Hot(R) and TriHot(TM) Putters, and Callaway Golf Rule 35(R) and CB1(TM) Golf
Balls. For more information about Callaway Golf Company, please visit its Web
sites on the Internet at http://www.callawaygolf.com, and http://www.odysseygolf.com.
SOURCE Callaway Golf Company
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Related links:
http://www.callawaygolf.com
Company News On-Call:
http://www.prnewswire.com/comp/124825.html
CONTACT:
Chad Schella, RCGA Manager, Communications of
Royal Canadian Golf Association, +1-905-849-9700, ext. 227,
schella@rcga.org; or Larry Dorman, Sr. V.P. Global Press, Public
& Media Relations of Callaway Golf Company, +1-760-931-1771
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