1. Tom Stine Co-Founder, Golf Datatech, LLC

2. Five Year Retail Sales Review 2001-2005 On and Off Course Channels

3. Total Dollars of Sales at Retail On/Off Course BALLS *2005 Estimated

4. Total Dollars of Sales at Retail On/Off Course *2005 Estimated WOODS $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 ($000) 20012002200320042005*

5. Total Dollars of Sales at Retail On/Off Course *2005 Estimated IRONS

6. Total Dollars of Sales at Retail On/Off Course *2005 Estimated SHOES

7. Total Dollars of Sales at Retail On/Off Course Balls, Woods, Irons, Putters, Wedges, Shoes, Gloves, Bags *2005 Estimated

8. Conclusions 1.Ball sales are generally track rounds played. 2.Consumer confidence and spending in major golf product categories is strong. 3.New technology and product innovations continue to drive sales over and above rounds played.

9. Conclusions 1.Ball sales are generally track rounds played. 2.Consumer confidence and spending in major golf product categories is strong. 3.New technology and product innovations continue to drive sales over and above rounds played.

10. Conclusions 1.Ball sales are generally track rounds played. 2.Consumer confidence and spending in major golf product categories is strong. 3.New technology and product innovations continue to drive sales over and above rounds played.