June 19, 2003

Cypress, CA…Cleveland Golf has officially announced the asset purchase of Never Compromise, a putter company based in Vista, CA. The actual purchase price was not disclosed, however, the purchase promises Cleveland its first major entry into the putter category.

"I'm excited to see what our team can do with this brand. Never Compromise has made some outstanding putters but were never really able to support the products the way you have to in today's marketplace," said Greg Hopkins, President/COO of Cleveland Golf. "This acquisition will certainly make us a strong player in all four of the major equipment categories."

Never Compromise's Chairman, Dr. Jerry Caulder, said "I'm looking forward to seeing Never Compromise realize its full potential under the guidance and marketing muscle of the folks at Cleveland."

Cleveland plans to absorb all operations of Never Compromise into its Cypress, CA facility as well as using Cleveland's existing sales force for sales and distribution.

This acquisition represents Cleveland's first step toward becoming a full service golf company.