Feel Golf Co., Inc. Shareholder Update
October 21 2010 - 6:12PM
Marketwired
Feel Golf Company, Inc. (OTCBB: FEEL)
Dear Shareholders,
As we head into the end of 2010, we wanted to share with you
some exciting news and give you a brief glimpse at our plans for
2011.
As you may be aware from our SEC filings, our plan includes
acquiring complementary (and sometimes competitive) companies in
the golf business. This continues to be our mission, and we are
pleased to report to you that over the past few months we have
identified several acquisition opportunities that, despite the
current economic climate, we believe will provide both a financial
and a strategic benefit to Feel Golf Company and our
shareholders.
- We are in the process of negotiating the purchase of the first
acquisition target and hope to announce a completed transaction
before the end of the year. This acquisition does not currently
compete in the club segment, but offers several related products
that are sold through the same channels. We expect that our
combined distribution networks would unlock new sales for both
product lines.
- A second acquisition has been identified and a Letter of Intent
has been signed. Negotiations are on-going. Also in the golf
industry, the second target has some very interesting technology
and a strong following. We hope to leverage our collective
distribution, and believe that the combination is again, stronger
than the sum of the parts.
Of course, revenue and cash flow drives shareholder value, so
our acquisitions are vetted carefully to assure that they have
strong financials, and contribute strategically to the whole. We
have a comprehensive acquisition strategy in place for the next
24-36 months.
Meanwhile, we are beefing up our promotional team and we hope
you saw our recent announcements about the endorsements we received
from Peter Kessler and Bill Glasson, a 7 time Tour winner. These
two well-known names are further proof of the growing market
awareness and acceptance of our unique golf products among the
golfing public.
Kessler's radio ads for The Full Release grip will commence in
early November.
All in all, it is an exciting time to be part of Feel Golf
Company, and we appreciate your continued support.
Thank you
Lee Miller, CEO
Feel Golf Company, Inc. Ticker Symbol: "FEEL"
www.feelgolf.net
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.