TRUE TEMPER GROWTH TREND CONTINUES
Composite Facility Expanded

Memphis, TN - August 1, 1997 - True Temper President Scott Hennessy announced today the expansion of the company’s Olive Branch, Mississippi composite manufacturing facility. The expansion will affect the company’s overall shaft operations, and will bring production capacity to over 12,000 shafts per day. An indoor testing facility will also be constructed during the expansion which will increase the capabilities of the Research and Development department. Ground breaking for the expansion took place on July 15 and is expected to be completed by the end of September.

The announcement comes on the heels of the company’s continued success of their composite golf shaft line on the PGA tour, which includes a win at this year’s British Open with the EI-70® graphite shaft. Over thirty major golf club manufacturers now use True Temper graphite shafts in their product lines.

Hennessy notes, “The expansion is part of a strategic planning initiative designed to meet increased graphite production targets and maintain our leadership position in the research and design of composite golf shafts. The expanded facility will also help to expedite new shaft designs that will be manufactured with a new proprietary metal matrix composite material.”

The Olive Branch expansion follows True Temper’s opening of a West Coast Technical Center just six months ago. Capacity upgrades are also being installed at True Temper’s Amory, Mississippi plant to meet the increased consumer demand for SensiCore® products.

True Temper Sports is the world leader in the production and sale of golf shafts. Headquarters are located in Memphis, TN. True Temper shafts are proud to be the golf shaft brand of choice to the finest golf club makers and players in the world.