Golf Galaxy Announces Two New Stores Opening in May
May 08 2006 - 7:40PM
PR Newswire (US)
Stores Complete 11 First Quarter Openings; Bring Total Golf Galaxy
Store Count to 61 EDEN PRAIRIE, Minn., May 8 /PRNewswire-FirstCall/
-- Golf Galaxy, Inc. (NASDAQ:GGXY), the interactive golf superstore
offering Everything for the Game(R), today announced plans to open
two new stores in May. The new stores include one in Westbury,
N.Y., and one in Toledo, Ohio. The Westbury store brings to three
the number of Golf Galaxy stores in the greater New York
metropolitan area; and the Toledo store brings to eight the number
of Golf Galaxy stores in Ohio. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO ) "The
Westbury and Toledo stores will complete our first quarter grand
opening schedule of 11 stores, bringing our total store count to
61," said Randy Zanatta, president and CEO of Golf Galaxy. "We look
forward to continuing our nationwide expansion this fall with the
expected opening of three to five additional Golf Galaxy stores."
The two new Golf Galaxy stores opening in May will be located at
1504 Old Country Road in Westbury, N.Y., and 5223 Monroe Street in
Toledo, Ohio. About Golf Galaxy Golf Galaxy, Inc., based in Eden
Prairie, Minn., owns and operates golf specialty retail stores. The
company currently operates 59 stores in 24 states and an ecommerce
website. The company's Everything for the Game(R) merchandising
strategy offers a comprehensive selection of competitively priced
brand name golf equipment, accessories, apparel, golf services, and
golf instruction by on-staff certified PGA professionals in a
unique interactive store environment. The GolfWorks, a leading
direct marketer of golf club components, clubmaking tools and
supplies, and technical information, is a wholly owned subsidiary
of Golf Galaxy that sells direct to consumers via a catalog and the
Internet at http://www.golfworks.com/ . For more information, visit
http://www.golfgalaxy.com/ . Cautionary Statement This news release
contains forward-looking statements about Golf Galaxy and readers
should not place undue reliance on any forward-looking statements
that are current only as of the date made. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from historical
results or those expressed in forward- looking statements. The
factors listed below, among others, could cause the company's
actual financial performance to differ materially from that
expressed in any forward-looking statement: A decline in the
popularity of golf or golf-related products and services;
limitations imposed by suppliers on the amount or variety of
products; failure by suppliers to develop and introduce new
products or if new products result in excessive close-outs of
existing inventories; seasonal fluctuation in demand for products;
weather conditions; ability to successfully implement growth plan;
competition in the golf and sporting goods industry; a decline in
discretionary spending; availability of adequate capital to fund
growth; loss of key management; and the company's ability to
successfully integrate acquired companies, including The GolfWorks.
Additional information concerning these and other factors that
could cause actual results to differ materially from those in the
forward- looking statements is included in the company's prospectus
in its Registration Statement on Form S-1 initially filed with the
Securities and Exchange Commission in May 2006. The foregoing list
should not be construed as exhaustive and Golf Galaxy disclaims any
obligation subsequently to revise or update any previously made
forward-looking statements, whether as a result of new information,
future events or otherwise. Contact: Patty Gibbs, Patty Gibbs &
Company, 651-653-7302, Mick McCormick, Golf Galaxy, 952-918-3304,
http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO
http://photoarchive.ap.org/ DATASOURCE: Golf Galaxy, Inc. CONTACT:
Patty Gibbs of Patty Gibbs & Company, +1-651-653-7302, , or
Mick McCormick of Golf Galaxy, +1-952-918-3304, Web site:
http://www.golfgalaxy.com/ http://www.golfworks.com/
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