AJAY -- Ajay Sports, Inc. (fka AJAY)

[bobkubecka]

Ajay Schedules Reporting of Historic 10Qs & 10Ks


***

Business Editors FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--AJAY-- Ajay Sports, Inc. (Pink Sheets:AJAY) today announced plans to file all past due 10Qs and 10Ks required for years 2001, 2002, 2003 and YTD 2004. Brian T. Donnelly, President & COO, stated, "Ajay's new management team instructed its auditors to complete required audits for 2001 - 2003. We are clearly focused on providing shareholders with ongoing, accurate and timely reporting of Ajay's overall financial and operational performance. Management will focus on restructuring the company to improve the bottom line and profitably grow Ajay's remaining assets with an emphasis on its ownership in Pro Golf International." Continuing, Donnelly commented, "Scheduled reporting dates which Ajay has targeted include 10/31/04, 11/15/04, 12/01/04 and 12/31/04." Ajay Sports, Inc., which owns Pro Golf International, 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. KEYWORD: MICHIGAN INDUSTRY KEYWORD: RETAIL RETAIL E-COMMERCE INTERNET ENTERTAINMENT SPORTS SPORTS SOURCE: Ajay Sports, Inc. CONTACT INFORMATION: Ajay Sports, Inc. Thomas W. Itin, 248-851-5651 Brian T. Donnelly, 248-737-0553