VICTORIA, British Columbia, Dec. 19 /PRNewswire/ -- Callaway Golf Canada
Ltd., a wholly-owned subsidiary of Callaway Golf Company (NYSE: ELY), and the
Canadian Golf Foundation today jointly announced the establishment of the
Callaway Golf Company Fund which will be used by the CGF to launch its
Canadian Player Development Program. Callaway Golf has pledged CAN $300,000
to the Fund, which will permit the Foundation to make grants from the Fund as
early as the Spring of 2002.
"We are very pleased that Callaway Golf has stepped forward to provide the
initial funding for this very important CGF program," said Jim Fraser,
Executive Director of the Foundation. "With this generous gift, we will begin
to fund scholarships and other programs for top, young Canadian golfers who
elect to attend college or university in Canada. These young golfers, and the
golf programs in which they participate, should greatly benefit from Callaway
Golf's generosity."
"We are committed to supporting the game of golf in Canada," said Jamie
MacKenzie, Vice President and General Manager of Callaway Golf Canada.
"Through the Player Development Program, we hope to provide opportunities for
top young players emerging from Canada's junior programs, including Future
Links, to pursue their education and competitive golf at colleges and
universities in Canada. We think this will be good for the future of golf in
Canada."
Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons,
including Big Bertha ERC(R) II Forged Titanium Drivers, Big Bertha C4(TM)
Compression Cured Carbon Composite Drivers, Big Bertha Hawk Eye(R) VFT(R) and
Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and Fairway Woods, Big
Bertha Steelhead(TM) III Stainless Steel Drivers and Fairway Woods, Hawk Eye
VFT Tungsten Injected(TM) Titanium Irons, Big Bertha Stainless Steel Irons,
Steelhead X-14(R) and Steelhead X-14 Pro Series Stainless Steel Irons.
Callaway Golf Company also makes and sells Odyssey(R) Putters, including White
Hot(R), TriHot(TM), and Dual Force(R) Putters. Callaway Golf Company makes
and sells the Callaway Golf(R) HX(TM) Blue and HX Red balls, Rule 35(R)
Firmfeel(TM) and Softfeel(TM) balls, the CTU 30(TM) Blue and CTU 30 Red balls,
and the CB1(TM) Blue and CB1 Red balls. For more information about Callaway
Golf Company, please visit our Web sites at http://www.callawaygolf.com and
http://www.odysseygolf.com .
The Canadian Golf Foundation was formed by the Royal Canadian Golf
Association in 1979 to raise and grant funds for the advancement of golf in
Canada. It is a national registered amateur athletic not-for-profit
Foundation that has been fostering participation in the game of golf in
Canada. The Foundation supports junior, senior, male and female Canadian
golfers each year through academic scholarships and special grants to various
player development programs. To date, the Foundation has awarded more than
$1.4 Million in scholarships and grants.
SOURCE Callaway Golf Company; Canadian Golf Foundation
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Related links:
http://www.callawaygolf.com
Company News On-Call:
http://www.prnewswire.com/comp/124825.html
CONTACT:
Jamie MacKenzie, +1-250-475-3692, or Larry
Dorman, +1-760-931-1771, both of Callaway Golf; or Jim Fraser of
Canadian Golf Foundation, +1-905-849-9700
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