SCOTTSDALE, Ariz., March 29 /PRNewswire/ -- Royal Precision, Inc.
(Nasdaq: RIFL), today announced that Charles S. Mechem, Jr. has been appointed
to the Board of Directors.
From 1991 to 1995 Mr. Mechem served as Commissioner of the Ladies
Professional Golf Association (LPGA) overseeing a period of significant growth
in the competitiveness and the appeal of the Tour with the American television
viewing audience. Mr. Mechem currently serves as Commissioner Emeritus of the
Ladies Professional Golf Association and Chairman of the Board for Convergys
Corporation (NYSE: CVG). In addition, Mr. Mechem serves as Director for Mead
Corporation (NYSE: MEA); Ohio National Life Insurance; J.M. Smucker Company
(NYSE: SJM.A); and Myers Y. Cooper Company. Prior to 1991, Mr. Mechem was
Chairman and CEO of Taft Broadcasting Corp., a major television broadcasting
and theme park company.
Thomas A. Schneider, President and Chief Operating Officer of Royal
Precision, commented, "We are pleased to have an executive of the caliber of
Charles Mechem join our team. Mr. Mechem's experience and working knowledge
at the highest levels of the professional golf industry as well as his
extensive experience in the television broadcasting and leisure time
businesses provides Royal Precision with a skill set that will be invaluable
to the Company going forward. Mr. Mechem's guidance and counsel as a Director
will be instrumental as Royal Precision continues to assume an even greater
leadership position within the golf equipment and components business."
Royal Precision, Inc. is a leading designer and manufacturer of
high-quality innovative golf shafts, including the Rifle(TM) shaft featuring
the Company's "Frequency Coefficient Matching" technology, or "FCM," designed
to provide consistent flex characteristics to all the clubs in a golfer's bag.
Royal Precision, Inc. is also a designer and distributor of Royal Grip(R) golf
club grips offering a wide variety of standard and custom models, all of which
feature durability and a distinctive feel and appearance.
This press release includes statements which may constitute forward
looking statements made pursuant so the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. These statements, which usually
contain the words "believe," "expect," "anticipate," or "will" are subject to
risks and uncertainties that could cause actual results to differ materially
from the forward looking statements. Factors that would cause actual results
to differ materially from the forward looking statements include, but are not
limited to, risks related to the Company's dependence on discretionary
consumer spending and demand from original equipment manufacturers, the
Company's limited operating history, the timeliness and market acceptance of
new product introductions including the Rifle Graphite, competition,
seasonality of sales, fluctuations in operating results, protection of
intellectual property rights, supply delays, use of third party suppliers,
customer concentration and other factors detailed in the Company's Securities
and Exchange Commission filings.
SOURCE Royal Precision, Inc.
back to top
Related links: http://www.royalprecision.com
CONTACT: Thomas A. Schneider, President and Chief Operating Officer, or Kevin L. Neill, Chief Financial Officer, both of Royal Precision, Inc., 480-627-0200; or Retail: Jim Estrada, Brett Maas, or Analysts/Institutional: Joe Dorame, or Media: Jeff Stanlis, all of RCG Capital Markets Group, Inc., 480-675-0400, for Royal Precision
|