Feel Golf Signs Multi-Million, Multi-Year Korean License and Distribution Agreement
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MONTEREY, CA, Apr 07 (MARKET WIRE) --
Feel Golf Company, Inc. ("Feel Golf" or the "Company") (OTCBB: FEEL),
manufacturer of innovative golf clubs and reverse taper golf grips,
announced today that it has signed a seven-year licensing and
distribution agreement with its Korean partner, Planquitous Company, Ltd.
("Planquitous").
"Korea represents one of the largest golf markets in the world," stated
Lee Miller, Feel Golf's CEO. "Obviously we are very pleased to expand our
relationship with Planquitous, not only in Korea, but now into other major
Asian countries where the sport is growing exponentially in popularity and
the number of golfers -- including professional players on the Asian, PGA
and LPGA Tours. Planquitous's commitment to exceptional quality and their
operational expertise, coupled with our own history of success on the
Korean Tours, will be a key driver of Feel Golf's future growth."
"We are very pleased to represent the Feel Golf brand in Korea and now,
into many parts of Asia," stated Mr. Zeno Park, CEO of Planquitous.
"Feel's high performance golf clubs and golf grips designed and assembled
by PGA Professionals are well known and highly valued by golfers in Asia
for their exceptional feel and playability, as well as their overall
quality. We plan to further build Feel Golf's excellent reputation to make
it a major brand name in the Asian golf market."
According to terms of the Agreement, Planquitous is required to place golf
product purchase orders with Feel that meet or exceed a minimum threshold;
this minimum total for the remainder of 2009 alone will more than double
their 2008 Feel Golf product sales and the minimum total value is $4.2 MM
over the duration of the Agreement. The two companies will also work
together in the design and development of a new club line, assembling them
in Japan to better serve the Asian market, which places a premium on
Japan's high standard of product quality, technology and attention to
detail. Planquitous will also provide significant media support for the
Feel brand for the duration of the Agreement.
About Feel Golf Company
Feel Golf (www.feelgolf.net) is known for its award winning wedges, as
well as its full line of premium golf clubs and innovative reverse taper
golf grips. Feel Golf's products are designed and built by PGA
Professionals, and for more than 20 years Tour players worldwide have
played Feel Golf's wedges.
SAFE HARBOR STATEMENT
Certain statements made in this news release are forward-looking in nature
and, accordingly, are subject to risks and uncertainties. These
forward-looking statements are only predictions based on our current
expectations and projections about future events. Important factors could
cause our actual results, performance or achievements to differ materially
from those expressed or implied by these forward-looking statements.
Investor Relations Contact:
Cirrus Financial Communications, LLC
Justin K. Davis
(720) 489-4913
Email Contact
www.cirrusfc.com
Feel Golf Company, Inc.
Ticker Symbol: "FEEL"
www.feelgolf.net
Copyright 2009, Market Wire, All rights reserved.
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