Element 21 Golf Announces Asian Distribution
Market Wire, August, 2004
Element 21 Golf Company, formerly BRL Holdings, Inc., (OTC BB: BRLN) is in the business of the manufacture and sale of advanced scandium golf equipment characterized by playability properties exceeding those of all other materials thus far applied to the manufacture of professional golf equipment in the areas of feel, distance and accuracy. Several independent tests have confirmed that Element 21 Golf Company's scandium products generate up to 12% better accuracy and at least 9 yards gain in distance while virtually eliminating the damaging body shock for superior feel during play.
Element 21 Golf Company announced today a major distribution and manufacturing alliance with an Asian golf company specializing in high end golf equipment and components. Through this relationship Element 21 Golf Company plans to develop sales of finished scandium clubs, club sets and components on a non-exclusive basis throughout Asia and Japan. Upon reaching an annual sales volume of US$1.5 million, the relationship will be extended on an exclusive basis through 2007. An external marketing review board will determine the suggested retail price levels for the Japanese and Asian markets. These price levels will be announced after the PGA Fall Expo in Las Vegas in September 2004. The use of a television infomercial format is being considered for the Japanese and Asian markets similar to those used in the US.
For information contact: Jim Morin (949) 581-1655 Email: jmorin@e21golf.com Detailed technical information and comparisons between scandium and other materials used in golf may be available to professional publications and industry partners.
Safe Harbor Statement: This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995. Actual events or results may differ from Element 21 Golf Company's (E21) expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers or E21, and ability to manage growth. Other risk factors attributable to E21's business segment may affect the actual results achieved by E21.
For information contact: Jim Morin (949) 581-1655 Email: jmorin@e21golf.com
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