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MMs sold me 10K more at .08 when .07x.08 now .08x.10
Clearly MMs do not have shares left IMO.
Waiting for OTC BB listing and more significant NEWs.
Profitable company, new President/COO buying shares on the open market is a good sign as well.
Appears he got 25,000 shares at an average of .0536 IMO
13K at .02 and 12K at .09
AJAY. EOD at .07 x .10 at HOD. WOUND VERY TIGHT
^ 0.090 5000 15:48:54 BUY .07 x .095K left unfilled
v 0.075 2500 15:40:59 MMB .07 x .09 BUY above the BID by MM trying to cover IMO
^ 0.090 03600 15:40:55 BUY .06 x .09
v 0.060 05000 12:06:14 SEL .06 x .09
_ 0.070 20000 11:52:44 BUY .05 x .07
_ 0.070 05000 11:52:25 BUY .05 x .07
^ 0.070 15000 11:52:15 BUY .05 x .07
AJAY now .07 x .10 -- MMs are OUT of Shares IMO
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Primary Venue: Pink Sheets
Best Bid: 0.07 (5000 shares)
Best Ask: 0.10 (5000 shares) *
Date/Time of Last Inside Change: 15:49 * Quoted on the Pink Sheets
Want real-time level two quotes in this security?
TRADE DATA Last Sale: 0.0900
Change: +0.0400
Percent Change: +80.00
Tick: Up
Daily High: 0.0900 Daily Low: 0.0600
Opening Price: 0.0700 Volume: 56,100
Annual High: 0.1500
Annual Low: 0.0050
Dividend: 0.000 Earnings/Share: -0.61
Previous Close: 0.0500 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.49
AJAY now .07 x .09 wound tight!
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Primary Venue: Pink Sheets
Best Bid: 0.07 (5000 shares)
Best Ask: 0.09 (5000 shares) *
Date/Time of Last Inside Change: 15:48 * Quoted on the Pink Sheets
Want real-time level two quotes in this security?
TRADE DATA Last Sale: 0.0750
Change: +0.0250
Percent Change: +50.00
Tick: Down
Daily High: 0.0900 Daily Low: 0.0600
Opening Price: 0.0700 Volume: 51,100
Annual High: 0.1500
Annual Low: 0.0050
Dividend: 0.000 Earnings/Share: -0.61
Previous Close: 0.0500 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.49
40K Bought at .07 today 5K sold at .06 Now .06 x .09
Bought 20K at .07 and MMs appeared to match the BUY IMO.
MMs left 9K on the table they did not fill.
Appears to me CEO bought 13K@.02 and 12K@.09 for .05 Avg or so
See SEC Filings
* Price Qty Time
_ 0.050 10000 07/08/04
_ 0.050 10000 07/08/04
_ 0.050 20000 07/08/04
^ 0.050 15000 07/08/04
_ 0.040 2000 07/07/04
v 0.040 2000 07/07/04
_ 0.050 2500 07/06/04
_ 0.050 2500 07/06/04
v 0.050 5000 07/06/04
^ 0.060 18000 07/06/04
_ 0.050 10000 07/06/04
v 0.050 5000 07/06/04
^ 0.075 2000 07/06/04
_ 0.060 5000 07/06/04
_ 0.060 7000 07/02/04
v 0.060 7000 07/02/04
v 0.075 1397 07/02/04
^ 0.090 12000 07/02/04 <- IMO the new President/COO Bought here
_ 0.070 2500 06/23/04
_ 0.070 2500 06/23/04
^ 0.070 2500 06/23/04
_ 0.060 5000 06/23/04
v 0.060 11000 06/23/04
v 0.080 5000 06/23/04
_ 0.100 3000 06/23/04
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C07%5C12%5CEDGARNew...
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Company News and Press Releases From Other Sources:
Donnelly Brian Thomas files Form 3, Initial Statement of Beneficial Ownership of AJAY SPORTS INC
--------------------------------------------------------------------------------
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Donnelly Brian Thomas
2. Date of Event Requiring Statement (MM/DD/YYYY)
7/2/2004
3. Issuer Name and Ticker or Trading Symbol
AJAY SPORTS INC [AJAY]
(Last) (First) (Middle)
1724 YORKSHIRE
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President & COO /
(Street)
BIRMINGHAM,?MI? 48009
(City) (State) (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 2. Amount of Securities Beneficially Owned
(Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ajay Sports Inc New Unsolicited 25000 (1) D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
( 1) Purchased 13000 shares on 06/17/04 and added an additional 12000 shares on 07/02/04
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Donnelly Brian Thomas
1724 YORKSHIRE
BIRMINGHAM, MI 48009
President & COO
Signatures
Brian T. Donnelly 7/12/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
End of News Created by: EDGAR Online Pro
Copyright 2004, EDGAR Online, Inc. All rights reserved. Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
8K/News out on AJAY. Warrants extended till 2005. Now .05 x .07
6 Warrants and $6 DOLLARS gets ONE share of COMMON stock.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C07%5C07%5CEDGARNew...
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Company News and Press Releases From Other Sources:
AJAY SPORTS INC files Form 8-K, Current Report
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
June 30, 2004
AJAY SPORTS, INC.
32751 Middlebelt Road, Ste. B Farmington Hills, MI 48334
Registrant's telephone number, including area code: (248) 851-5651
Former name or former address, if changed from last report
Item 5: Other Events
On June 29, 2004, the Board of Directors of Ajay Sports, Inc. (the "Registrant") extended the expiration date of the Registrant's publicly traded common stock warrants until June 30, 2005. The warrants were set to expire on June 30, 2004 and are being extended for another year period. The exercise of six warrants allows the holder to purchase one share of the common stock of the Registrant for $6.00 per share. The warrants are traded under the symbol "AJAYW".
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
AJAY SPORTS, INC.
By \s\ Thomas W. Itin
Thomas W. Itin
Chief Executive Officer
Date: June 30, 2004
45K bought at .05 today. Went from .035 x .05 to .05 x .07
IMO Clearly MMs did not have the shares are were naked selling today. Look at the past trading history and this is clear.
0.050 10000 10:56:42 BUY
0.050 20000 10:33:09 BUY
A 0.050 15000 10:12:17 BUY
http://www.otcbb.com/asp/Info_Center.asp
0.040 2000 07/07/04
v 0.040 2000 07/07/04
0.050 2500 07/06/04
0.050 2500 07/06/04
v 0.050 5000 07/06/04
A 0.060 18000 07/06/04
0.050 10000 07/06/04
v 0.050 5000 07/06/04
A 0.075 2000 07/06/04
0.060 5000 07/06/04
0.060 7000 07/02/04
v 0.060 7000 07/02/04
v 0.075 1397 07/02/04
A 0.090 12000 07/02/04
0.070 2500 06/23/04
0.070 2500 06/23/04
A 0.070 2500 06/23/04
0.060 5000 06/23/04
v 0.060 11000 06/23/04
v 0.080 5000 06/23/04
0.100 3000 06/23/04
v 0.100 4000 06/23/04
Todays trading. Only got 11K out of 35K BUY order at .04 filled
What is encouraging is that the FLOAT is so TINY this flies on very little volume as witnessed today. What is going to happen when/if the company moves to the OTC BB, begins reporting profits and EPS, announces more store openings, etc. Go check out their web site, they are a real company that has been around for 43 years and are actively expanding. Low operating costs and yet $50K on a new franchise start up + 3.5% of sales.
0.070 2500 14:44:51 Buy
^ 0.070 2500 14:01:53 Buy
0.060 5000 13:37:46 Sell - Me. RRR (Now 65K @ .018 cents)
v 0.060 11000 13:09:16 Sell - Me. RRR
v 0.080 5000 11:11:51 Sell - Me. RRR
0.100 3000 11:08:24 Sell
v 0.100 4000 10:24:29 Sell
^ 0.150 5000 10:08:47 Buy
v 0.140 1000 10:05:00 Sell or Buy ?
^ 0.150 1000 10:04:55 Buy
0.090 5000 09:59:19 Buy
^ 0.090 2000 09:58:58 Buy
0.080 5000 09:58:11 Buy
^ 0.080 4000 09:57:57 Buy
0.060 5500 09:56:04 Buy
^ 0.060 770 09:55:07 Buy
^ 0.050 5000 09:50:17 Buy
0.040 10000 09:49:58 <- Me. 11K out of 35K BUY at .04
^ 0.040 1000 09:49:11 <- Me
^ 0.033 955 09:49:06
AJAY now .025 x .04 on 25K trades. Low Floater
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Primary Venue: Pink Sheets
Best Bid: 0.025 (5000 shares)
Best Ask: 0.04 (5000 shares) *
Date/Time of Last Inside Change: 07:36 * Quoted on the Pink Sheets
Want real-time level two quotes in this security?
TRADE DATA Last Sale: 0.0300
Change: +0.0039
Percent Change: +14.94
Tick: Down
Daily High: 0.0300 Daily Low: 0.0300
Opening Price: 0.0300 Volume: 25,000
Annual High: 0.0450
Annual Low: 0.0050
Dividend: 0.000 Earnings/Share: -0.61
Previous Close: 0.0261 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.76
Last Trade Date/Time: 06/22/2004
International Stores: *** 17 Stores ***
http://www.progolf.com/corp/index.jsp?page=intl_stores
Canada:
* Pro Golf® of Barrie 22 Commerce Park Drive Unit B Barrie, Ontario, CAN, L4M 4S7 Canada 705-739-5154 courtney1943@rogers.com
* Pro Golf® of Brampton 245 Queens Street East Brampton, Ontario, CAN, L6W 2B5 Canada 905-456-2778 mgroves34@yahoo.com
* Pro Golf® of Burlington 4031 Fairview St. Burlington, Ontario, CAN, L7L 2A4 Canada 905-634-4653 progolf@worldchat.com
* Pro Golf® of Calgary 9152 Macleod Trails S.E. Calgary, Alberta, CAN, T2J OP5 Canada 403-258-3373
* Pro Golf® of Etobicoke 5425 Dundas St. W. Etobicoke, Ontario, CAN, M9B 1B5 Canada 416-234-8228 progolfetobicoke@on.aibn.com
* Pro Golf® of Guelph 160 Kortright Road West Unit 15 Guelph, Ontario, CAN, N1G 4W2 Canada 519-823-8453
* Pro Golf® Hamilton-Wentworth 520 Limeridge Rd. Hamilton, Ontario, CAN, L8W 1A1 Canada 905-383-6226
* Pro Golf® of Kingston 2782 Princess Street Kingston, Ontario, CAN, K7P-1W9 Canada 613-384-8824
* Pro Golf® of K-W/Cambridge 385 Fairway Road South Kitchener, Ontairo, CAN, N2C-2N6 Canada 519-894-1100
* Pro Golf® Oakville 300 North Service Rd. Oakville, Ontario, CAN, L6M 2R9 Canada 905-338-9210
* Pro Golf® of Ottawa West 1395 Carling Ave. Ottawa, Ontario, CAN, K1Z 7L6 Canada 613-722-9554 progolf@comnet.ca
* Pro Golf® of Richmond Hill, Canada 350 Kings Hwy #7 East #106 Richmond Hill, Ontario, CAN, L4B 3N2 Canada 905-882-5155 pgrh4848@aol.com
* Pro Golf® St. Catharines 272 Lake Street St. Catharines, Ontario, CAN, L2N 4H1 Canada 905-937-5888
* Pro Golf® of St. John's 25 Stravenger Drive St. Johns, Newfoundland, CAN, A1A 5EB Canada 709-739-6720
* Pro Golf® Whitby - Oshawa 1614 Dundas Street East Whitby, Ontario, CAN, L1N 8Y8 Canada 905-723-8507
Philippines:
* Pro Golf® Shangri-La Plaza Shangri-La Plaza, EDSA cor. Shaw Blvd. Mandaluyong, Metro Manila, PHIL, 1552 Philippines 011-632-635-7944 aguerrero@teamprogolf.com
* Pro Golf® Ayala Towncenter Phase 165 A Alabang Towncenter Alabang Zapote Rd. City of Muntinlupa, Metro Manila Philippines 011-632-842-5050
USA Stores: *** 39 Stores + 6 NEW "SOON" Locations ***
States- California, Colorado, Utah, Texas, Louisiana, Georgia, South Carolina, New Jersey, Illinois, Wisconsin
Also, notice there are ELEVEN NEW Stores, @Copyright 2004
http://www.progolf.com/corp/index.jsp?page=storeLocator
California:
* Cathedral City 67-625 Hwy. 111 Cathedral City , CA 92234
* Chino 4044 Grand Ave. Chino , CA 91710
* Encinitas 331 North El Comino Real Encinitas , CA 92024
* La Quinta 78-267 Hwy. 111 La Quinta , CA 92253
* San Diego 4240 Kearny Mesa Road Suite 105 San Diego , CA 92111
* San Diego 8410 Genesee Ave. San Diego , CA 92122
* San Diego 3191 Sports Arena Blvd. San Diego , CA 92100
* Simi Valley 1472 Los Angeles Ave. Simi Valley , CA 93065
* Tustin 2771 El Camino Real Tustin , CA 92782
* Upland 121 E. Foothill Blvd. Upland , CA 91786
* Valencia 25926 The Old Road Valencia , CA 91381
* West Covina 2753 Eastland Center Drive Suite 2200 West Covina , CA 91791
Utah:
* St. George COMING SOON!! 844 Telegraph Rd. St. George , UT 84780
Colorado:
* Colorado Springs 1670 E. Cheyenne Blvd. Colorado Springs , CO 80906
* Colorado Springs 5783 N. Academy Blvd. Colorado Springs , CO 80918
* Ft. Collins 4223 South Mason Ft. Collins , CO 80525
* Longmont 1067 South Hover St. Longmont , CO 80501
* Montrose 16367 South Townsend Montrose , CO 81401
Texas:
* Bryan 1853-55 Briarcrest Drive Bryan , TX 77802
* Houston COMING SOON!! Willowbrook 2 Shopping Center, Gessner Rd. Houston , TX 77070
* Lewisville COMING SOON!! 500 E. Round Grove Rd. Lewisville , TX 75067
* San Antonio Intersection of Loop 1604 & Blanco Rd. San Antonio , TX 78258
* Sugar Land Intersection of 59 & Grand Parkway Sugar Land , TX 77479
Louisiana:
* Shreveport COMING SOON!! 1549 E. 70th Shreveport , LA 71055
Georgia:
* Augusta 592 Bobby Jones Expressway Augusta , GA
* 30907 Calhoun 455 Belwood Road Suite 90 Calhoun , GA 30701
* Douglasville 9451 Highway 5 Douglasville , GA 30135
* Dunwoody 4776 Ashford Dunwoody Road Dunwoody , GA 30338
* Kennesaw 390-A Barrett Parkway Kennesaw , GA 30144
* Marietta 4719 Lower Roswell Rd. Marietta , GA 30068
* Morrow 6975 Jonesboro Road Morrow , GA 30260
* Newnan NEW!! 19 Millard Farmer Industrial Blvd. Newnan , GA 30263
* Norcross CLOSED for Remodeling! 5192-B Brook Hollow Pkwy. Norcross , GA 30071
* Roswell 1425 Market Blvd. Suite 700 Roswell , GA 30076
South Carolina:
* Bluffton 1414 Fording Island Rd. Hilton Head Factory Stores #2 Bluffton , SC 29910 ons
* Columbia 228-A O'Neil Court Columbia , SC 29223
* Greenville 101 Orchard Park Drive Greenville , SC 29615
* N. Charleston NEW!! 7250 Rivers Ave. N. Charleston , SC 29406
New Jersey:
* Rio Grande COMING SOON!! Village Shop, Rt. 47 Rio Grande , NJ 08242
Illinois:
* Crystal Lake COMING SOON!! 6330 Northwest Hwy. Crystal Lake , IL 60014
* Effingham 1301 W. Evergreen Effingham , IL 62401
* Peru 4325 Route 251 Peru , IL 61354
* Yorkville 1775 Marketview Dr. On Rt. 47, North or Rt. 34 Yorkville , IL 60560
Wisconsin:
* Appleton 420 E. Northland Ave. Appleton , WI 54911
* Madison 6602 Odana Rd. Madison , WI 53719
AJAY .015 x .03
http://www.pinksheets.com/quote/quote.jsp?symbol=ajay
AJAY -- Ajay Sports, Inc.
Com (1 Cent)
Primary Venue: Pink Sheets
Best Bid: 0.015 (5000 shares)
Best Ask: 0.03 (5000 shares) *
Date/Time of Last Inside Change: 10:34 * Quoted on the Pink Sheets
Want real-time level two quotes in this security?
TRADE DATA Last Sale: 0.0300
Change: +0.0039
Percent Change: +14.94
Tick: Up
Daily High: 0.0300 Daily Low: 0.0300
Opening Price: 0.0300 Volume: 15,000
Annual High: 0.0450
Annual Low: 0.0050
Dividend: 0.000 Earnings/Share: -0.61
Previous Close: 0.0261 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.76
Recent trades: http://www.otcbb.com/asp/Info_Center.asp
Price Qty Time
^ 0.026 1192 12:43:19
v 0.021 7311 12:43:18
^ 0.045 10000 12:43:12
0.020 5000 06/17/04
0.020 5000 06/17/04
0.020 10000 06/17/04
^ 0.020 15000 06/17/04
v 0.017 9980 06/17/04
0.020 25000 06/17/04
^ 0.020 13000 06/17/04
0.010 333 05/25/04
0.010 333 05/25/04
0.010 166 04/20/04
Pro Golf Elects Donnelly COO
FARMINGTON HILLS, Mich., Jun 10, 2004 (BUSINESS WIRE) -- Ajay Sports, Inc. (OTCBB:AJAY) Chairman & CEO, Thomas W. Itin, is pleased to announce the election of Brian T. Donnelly as President & COO of Pro Golf of America, Inc. and Ajay Sports, et.al., effective immediately.
Brian brings nearly twenty years of progressive senior management experience and responsibility as both a franchisor / distributor and as a dealer / franchisee managing over 300 independent operators in both the petroleum and retail industries.
Most recently, Brian was President & COO of Atlas Oil Company / Fast Track Ventures, with $700,000,000 in retail sales annually and, earlier in his career, he spent ten years with BP Oil Company in fuel distribution and convenience store operations.
Brian is a graduate of John Carroll University and holds an MBA from Baldwin-Wallace College. He, his wife and son reside in Birmingham, Michigan.
Ajay Sports, Inc. operates Pro Golf of America, Inc., the largest retail chain of franchised golf stores in the world, and ProGolf.com, Inc., licensee for the e-commerce business of Pro Golf of America, Inc., whose website is www.progolf.com.
The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1934, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company or any of its business operations; the ability of new management at the Company to achieve its plans; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.
SOURCE: Ajay Sports, Inc.
CONTACT: Ajay Sports, Inc.
Thomas W. Itin, 248-851-5651
Customize your Business Wire news & multimedia to match your needs.
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http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C06%5C10....
Ajay Sports, Inc (OTCBB: “AJAY”) reported that on May 26, 2004 Thomas W. Itin assumed responsibilities of Interim Chief Operating Officer and that subsidiary, Pro Golf of America, Inc., will accelerate its search to replace Joseph J. White. Mr. White resigned positions as Director, COO and Consultant to Pro Golf of America, Inc. and Ajay Sports, Inc., affiliates and subsidiaries, et.al., to pursue personal business interests and to spend more time with his family.
Ajay Sports, Inc. operates Pro Golf of America, Inc., the largest retail chain of franchised golf stores in the world, and ProGolf.Com, Inc., licensee for the e-commerce business of Pro Golf of America, Inc., whose website is www.progolf.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
AJAY SPORTS, INC.
By \s\ Thomas W. Itin
Thomas W. Itin
Chairman & CEO
Date: June 01, 2004
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C06%5C01%5CEDGARNew....
Pro Golf Selects Interim COO
FARMINGTON HILLS, Mich., May 28, 2004 (BUSINESS WIRE) -- Ajay Sports, Inc. (OTCBB:AJAY) announced today that Thomas W. Itin will assume responsibilities of Interim Chief Operating Officer and that subsidiary, Pro Golf of America, Inc., will accelerate its search to replace Joseph J. White. Mr. White resigned positions as Director, COO and Consultant to Pro Golf of America, Inc. and Ajay Sports, Inc., affiliates and subsidiaries, et.al., effective immediately, to pursue personal business interests and to spend more time with his family.
Ajay Sports, Inc. operates Pro Golf of America, Inc., the largest retail chain of franchised golf stores in the world, and ProGolf.com, Inc., licensee for the e-commerce business of Pro Golf of America, Inc., whose website is www.progolf.com.
The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1934, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company or any of its business operations; the ability of new management at the Company to achieve its plans; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.
SOURCE: Ajay Sports, Inc.
CONTACT: Ajay Sports, Inc., Farmington Hills
Thomas W. Itin, 248-851-5651
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C05%5C28....
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