Element 21 Golf Company Prepares for Spring Sales
Tuesday February 6, 8:00 am ET
Agents, International Distributors and Retailers Now on Board
TORONTO--(MARKET WIRE)--Feb 6, 2007 -- Element 21 Golf Company ("e21") (OTC BB:EGLF.OB - News) (Frankfurt:BJQ.F - News), a manufacturer of advanced Scandium Alloy golf equipment, provided an update today on its recent sales initiatives prior to and during the PGA Golf Show held January 25-27, 2007 at the Orange County Convention Center in Orlando, Florida.
During the past month e21 has met with several of the top off-course golf retail chains in the US and Canada. These companies account for a large percentage of golf sales in the US. Management is finalizing programs with several of these companies and expects to be shipping product to them beginning March 1, 2007. "We have been very pleased with the reception we have been receiving from the leading retail chains," stated Bill Dey, e21's Chief Operating Officer.
In order to effectively handle US sales e21 has retained 10 experienced US Territory Mangers covering much of the US. Territories now covered include Colorado / Utah, Mississippi / Arkansas / Louisiana, Illinois, New England, New Jersey / Eastern Pennsylvania / Central New York, Ohio, Nebraska / Missouri / Iowa / Kansas, Los Angeles & Orange County - California, Arizona / New Mexico and South Texas. "These new Territory Managers represent some of top sales people in the US golf industry," said Michael McDevitt, e21's Vice President, Sales North America. "We expect to have additional Territory Mangers in place this month covering off most of North America.
E21 is also pleased to report that is now finalizing contracts with an additional 6 international golf distributors, covering a number of countries including Korea, the UK, The Netherlands, China. European distributor Golf Professional Services GMBH (GPS), based in Hamburg, Germany is now finalizing an order for approximately 500-1000 sets of Emc2 clubs. GPS sells to over 1,200 retailers in Germany, France, Switzerland, Spain and Portugal. "Following our promotional campaign in space we have been overwhelmed by the number of high quality international distributors wanting to sell our products overseas," sated Bill Dey. "International sales will certainly play a major role in the success of our Emc2 products."
About Element 21 Golf Company:
Element 21 Golf Company is a Delaware corporation trading on the OTCBB and the Frankfurt Stock Exchange (FWB) with offices in New Jersey, USA and Toronto, Canada. e21 holds the exclusive right to manufacture golf products using its proprietary e21 Scandium Alloy. e21 clubs utilize next-generation technology that deliver marked improvements in distance, consistency, accuracy and feel over the most popular products in the $5.5 billion U.S. golf equipment market.
Based on its superior performance, a number of high profile golf professionals have switched to or have begun testing e21's Eagle One shafts in recent months.
e21's Scandium Alloy is the secret behind this advanced performance. Originally developed for advanced aeronautics in jet fighters such as the MiG, it is 55% lighter and offers a 25% greater strength-to-weight advantage over Titanium alloys, the current standard in the golf equipment industry. e21's Scandium Alloy allows greater freedom to move more weight to the perimeter of the club face in woods and hybrids than any other metal, resulting in a significantly larger sweet spot than any other club head. Additionally, e21 Scandium Metal Alloy shafts are almost perfectly symmetrical at 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.
e21 Golf - Better Science. Better Performance.
Forward-Looking Statements.
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting e21 and its business. A number of these risks and uncertainties are described in e21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. e21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
AI
